$835,000

4911 Temple Heights Road #ad

TAMPA FL, 33617

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%.

Details

MLS#U8107484
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1982
Days On Site120

Features

SQ Feet6,496
ZoningRM-24
Acreage0.15
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Area Information
StateFL
CountyHillsborough
CityTAMPA
Zip Code33617
Area33617 - Tampa Temple Terrace
Listing VS Median (in 33617)
Price:
$835,000
low | high
Med:
$165,900
100% of Average
SqFt:
6,496
low | high
Med:
0
100% of Average
$ / SqFt:
$129
low | high
Med:
$0
100% of Average
On Site:
120
low | high
Med:
296
40.540540540541% of Average
Sourced by Back At You
Listing Updated: March 29, 2021 12:04:25 AM PDT
Davis Nunneley LogoMLS Number: U8107484
Listing Provided By:
Davis Nunneley  of  RMS ELITE PROPERTIES

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