4911 Temple Heights Road Unit AD, Tampa, FL 33617

$835,000
6,496
SqFt
List Price
$835,000
Status
Pending
Days on Market
191
Price Change
▼ $12,800 1612924348
MLS#
U8107488
Property Style
Multi-Family
Year Built
1982
Living Area
6,496
Lot Size
6,711
Acres
0.15
Total Acreage
1/4 to less than 1/2
Legal Subdivision Name
Temple Terraces
MLS Area Major
Tampa / Temple Terrace

Property Description

Don't look past these 8 Value Add Multifamily units in Tampa! The Property consists of two 4 unit buildings with below market rents and one vacancy. The Seller completed major renovations on each building, including but not limited to plumbing, HVAC, roof, bathrooms, and kitchen countertops. While both buildings still require some work to reach its fully stabilized value, this is the ideal investment for an investor willing to put in the work! Current Annual Scheduled Gross Income is $77,760, with a Pro Forma Gross Rental Income of $91,200 after rents are brought to a market value. All units except for one are occupied. An investor has the opportunity to stabilize the investment at a Prop Forma Cap Rate of around 6.35%.

Additional Information

Taxes
$5344
Community Features
No Deed Restriction
Zoning
RM-24
Utilities
Other
Heating
Other
Air Conditioning
Central Air
Exterior Construction
Stucco
Exterior Features
Other
Roof
Shingle
Foundation
Slab
Pool
No Pool
Flood Zone Code
X
Parcel ID
A-21-28-19-43U-000000-00032.8
Legal Description
TEMPLE TERRACES W 53.69 FT OF E 107.38 FT OF N 125 FT OF LOT 32

Mortgage Calculator

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Listing courtesy of RMS ELITE PROPERTIES.

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