16
  • Property Type
  • Quadruplex, Residential Income
  • 8
  • Bedrooms
  • 5
  • Bathrooms
  • 3925 Sqft
  • Area Size

725 S 51ST STREET, Tampa, FL 33619

  • $720,000

Description

Under contract-accepting backup offers. INVESTOR ALERT / DEVELOPER ALERT………..HIGH INCOME POTENTIAL………..OVER 91K ANNUAL INCOME………ZONED FOR 12 UNITS PER ACRE…….……..RECENTLY RENOVATED……….…OVER A ACRE OF LAND…….…This property presents an excellent opportunity for investors looking to build there rental portfolio and developers seeking a highly profitable project. With zoning for up to 12 units per acre, it offers versatile options for potential development. The property currently boasts four single-family homes, three of which are already rented out and completely renovated, while the largest serves as the owner’s residence. Benefiting from recent renovations and the high demand for rentals in the area, this property forecasts an impressive annual income exceeding $91,800, with the potential to achieve $7,650 in monthly rental revenue. After accounting for expenses, the property’s remarkable……… Pro forma Cap Rate 9.67% further enhances its appeal. Moreover, the expansive over one-acre land parcel enjoys the added advantage of opportunity zoning, unlocking even more development potential. Don’t let this lucrative opportunity slip away. Reach out today to explore the full potential of this property and how it can significantly benefit your investment portfolio.

  • Address: 725 S 51ST STREET
  • City: Tampa
  • State/county: FL
  • Zip/Postal Code: 33619
  • Area: UNPLATTED
  • Country: US

Details

Atualizado em setembro 2, 2023 no 8:58 pm
  • Property ID N6127959
  • Price $720,000
  • Property Size 3925 m²
  • Land Area 1.36 m²
  • Bedrooms 8
  • Bathrooms 5
  • Garage Size x x
  • Year Built 1940
  • Property Type Quadruplex, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Cash,Conventional,FHA,Other
  • Roof Metal,Shingle
  • Utilities Cable Available,Electricity Available,Natural Gas Available,Propane,Sewer Available,Water Available
  • Sewer Septic Tank
  • Cooling Central Air,Mini-Split Unit(s)
  • Heating Central
  • Flooring Bamboo,Luxury Vinyl,Tile,Wood
  • County Hillsborough
  • Property Type Residential Income
  • Parking Driveway,Ground Level,Guest,Open,Oversized,Parking Pad
  • Elementary School Palm River-HB
  • Middle School Giunta Middle-HB
  • High School Blake-HB
  • Community Features None

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