$399,990

About this home

Fantastic Investment Opportunity! Two-story multi-unit property with Great Income Potential! Welcome to this well-maintained two-story income property, offering incredible potential for steady rental income. Situated in a desirable location in the middle of Tampa, this property features two separate units, each with its own private entrance and separate electrical meters, perfect for maximizing rental returns! The downstairs unit is a spacious 4-bedroom, 2-bathroom layout, ideal for families and providing ample living space and comfortable amenities. This unit is recently vacant and available for walk-throughs and showings. Previously rented through the Tampa Housing Authority, it is Section 8 approved already. The upstairs apartment is a 3-bedroom, 2-bathroom unit, and is rented to a private tenant currently on a month-to-month agreement for buyer flexibility. Rent has always been paid in full and they are current as of this listing. Both units boast well-designed floor plans including private full bathrooms in the main bedrooms, modern finishes, and plenty of natural light. Whether you're looking to house multiple tenants or generate reliable cash flow from long-term rentals, this property is primed for success. Before the last tenant vacated due to sale, the property produced rental income of $4,000 per month. The area’s strong demand for rental properties, combined with a competitive cap rate of around 7%, makes this a prime choice for savvy investors looking to expand their portfolio. Don't miss your chance to own a versatile, income-generating property with excellent return potential! Schedule a viewing today to see all this property has to offer.

Property details

MLS #

MFRTB8346596

Property type

Duplex

Subdivision

TAMPA OVERLOOK

Status

Active

Days on market

6

On market date

February 6, 2025

Stories

N/A

Garage spaces

N/A

Lot size

0.21 acres

Nearby schools

Within 10 miles · public school directory data (NCES)