403 S Albany Avenue Unit #1-3, Tampa, FL 33606

$1,350,000
2,891
SqFt
List Price
$1,350,000
Status
Active
Days on Market
14
MLS#
T3326367
Property Style
Duplex
Year Built
1924
Living Area
2,891
Lot Size
6,426
Acres
0.15
Total Acreage
0 to less than 1/4
Legal Subdivision Name
Tibbetts
MLS Area Major
Tampa / Davis Island/University of Tampa

Property Description

Location, location, location! This fully leased multifamily Hyde Park income-producing property is waiting for new owners! This property is steps away from all that Howard avenue and Hyde Park Village has to offer. The main house is a 3 bedroom / 1 bathroom 1,451 sq ft classic bungalow that has been fully restored over the years to keep to its historic charm and adding modern finishes. The prior updates and improvements include a large remodel in 2020 with new luxury vinyl flooring, full bathroom remodel, interior paint, hot water heater, HVAC (2019), and 30 year shingle roof (2011). The family room, dining room, and kitchen provide a large open floorplan. Current lease is MTM and rent is $2,750. Attainable rent is $4,500 / month. Built in 2017, behind the main house is a 2 story rental with two 1 bedroom / 1 bathroom apartments that are separately metered for electric and have independent laundry. These apartments are beautiful and have separate entrance from main house. These units currently rent for $1,400 and $1,500 per month. Attainable rents in the area are $1,650 / month. Total current rent roll offers gross income of $67,800 with attainable rents of $98,400. Ideal value-add opportunity for new owner by increasing rental rate with not much upfront money. Top-rated schools.

Additional Information

Taxes
$8794
Annual Gross Income
67800
Community Features
No Deed Restriction
Property Description
Split Level
Zoning
PD
Interior Layout
Ceiling Fans(s)
Interior Features
Ceiling Fans(s)
Floor
Engineered Hardwood
Appliances
Dishwasher, Range, Range Hood, Refrigerator
Utilities
Cable Connected
Heating
Central
Air Conditioning
Central Air
Fireplace
Yes
Fireplace Description
Wood Burning
Exterior Construction
Wood Frame
Exterior Features
Balcony, French Doors
Roof
Shingle
Foundation
Crawlspace
Pool
No Pool
Garage Carport
1 Car Carport
Elementary School
Mitchell-Hb
Middle School
Wilson-Hb
High School
Plant-HB
Flood Zone Code
X
Parcel ID
A-23-29-18-4SI-000000-00002.0
Legal Description
TIBBETT'S LOT 2

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of HIGHMARK REAL ESTATE.

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