11720 N 15th Street, Tampa, FL 33612

$2,200,000
6,743
SqFt
List Price
$2,200,000
Status
Active
Days on Market
27
MLS#
U8160881
Property Style
Multi-Family
Year Built
1961
Living Area
6,743
Lot Size
38,917
Acres
0.89
Total Acreage
1/2 to less than 1
Legal Subdivision Name
Hamner's W E Homestead Acres
MLS Area Major
Tampa / Forest Hills

Property Description

GREAT INVESTMENT OPPORTUNITY IN OPPORTUNITY ZONE!!! CHECK OUT VIRTUAL TOUR LINK 2 - AWESOME DRONE VIDEO! This property includes a total of 6-Buildings (10-Rental Units) which incorporates 2-Single Family rentals & 4-Duplex’s, a storage shed, and a groundwater well. The storage shed can be converted to a laundry room for additional income. Current Gross income is; $8,755 per month ($105,060 per year) but with the possibility to adjust rents and reflect a monthly Gross income of $11, 050 ($132,600 per year). Currently, there is an on-site manager that is given a discounted rent in return for the property basic needs (lawn care, minor repairs, etc.). Owner had plans to build a new 2-story building (#7) which consists of 4 additional apartments. Final drawings are ready to be submitted to County to pull permits. It includes building plans, topographic survey, geotechnical report, building energy calculations, and a Cost Estimate of $750,000 for the construction costs (Quote dated 2/1/2022). The projections & details for this additional building would include 4-Additional 2 Br, 2 Ba Units (2 Up & 2 Down), 593 Sq. Ft of additional Sidewalks, and 1603 Sq. Ft of Additional Concrete Parking. Also, with the addition of the building #7, the projected monthly Gross income for the building alone is; $5,840 ($70,080 per year). As opposed to the current 10 units, residents of the new building #7 would require to pay their own utilities (water and sewer). This property is located between E. Fletcher Ave. & E. Fowler Ave., just East of Nebraska Ave & Hwy 275 on N 15th St. There is a Public Transportation stop just outside the front of the property. It's located about one mile west of USF and not too far from Hillsborough Community College, shopping, coffee shops, restaurants and much more that Tampa has to offer. All measurements approximate, and the number of bathrooms described under the description of each unit failed to permit the add'l 1/2 (.5) baths & 3/4 (.75) baths. Buyer to verify all measurements & actual bath sizes.

Additional Information

Taxes
$9203
Minimum Lease
No Minimum
Annual Gross Income
104460
Location
City Limits, Near Public Transit, Sidewalk, Paved
Community Features
No Deed Restriction
Zoning
RMC-16
Interior Layout
Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Other, Walk-In Closet(s)
Interior Features
Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Other, Walk-In Closet(s)
Floor
Carpet, Terrazzo
Appliances
Electric Water Heater, Range, Range Hood, Refrigerator, Water Filtration System
Utilities
Cable Available, Electricity Available, Electricity Connected, Phone Available, Street Lights
Heating
Central, Electric, Wall Units / Window Unit
Air Conditioning
Wall/Window Unit(s)
Exterior Construction
Block, Concrete, Wood Frame
Exterior Features
Fence, Lighting, Sidewalk
Roof
Built-Up, Other, Shingle
Foundation
Slab
Pool
No Pool
Garage Features
Common, Driveway, Guest
Elementary School
Miles-Hb
Middle School
Liberty-Hb
High School
Freedom-HB
Pets
Allowed
Flood Zone Code
X
Parcel ID
U-07-28-19-1GN-D00000-00006.0
Legal Description
HAMNER'S W E HOMESTEAD ACRES LOT 6 BLOCK D

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of XCELLENCE REALTY INC.

StellarMLS is the source of this information via Internet Data Exchange Program. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on