Tampa, FL 33612,702 E 113TH AVE #28
Tampa, FL 33612,702 E 113TH AVE #28
Tampa, FL 33612,702 E 113TH AVE #28
8
$2,900,000
$3,200,000
9.4%
Est.Price: ?

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25,220 SqFt

702 E 113TH AVE #28 Tampa, FL 33612

Est. payment /mo
SOLD DATE : 06/25/2020

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Key Details

Sold Price $2,900,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 25,220 sqft

Price per Sqft $114

Subdivision Unplatted

MLS Listing ID T3191611

Sold Date 06/25/20

Construction Status Financing,Inspections

HOA Y/N No

Year Built 1983

Annual Tax Amount $28,795

Lot Size 2.360 Acres

Acres 2.36

Lot Dimensions 0x0x0x0

Property Description

Back on Mkt! Hard to find medium size multifamily income property with 8.0% Cap rate on cash sale base numbers! Great location surrounded by quiet single family homes. 28 -2 bed rm 1.5 bath 2 story town homes ! Not 4 plexes! No HOA pvt owned complex! Each unit has individual laundry closets & Central Air! 20 units remodeled now with new kitchen & bath cabinets with granite counters! Each re-painted & re-carpeted before rental. Now at current max rate for new Sec 8 lease in this zip code of $1045/mo which owner includes water sew & garbage. Get half the monthly income directly from sec 8!..renewals of sec 8 can be raised with mkt rents. Owner also gets security deposit equal to rent at move in. Could add private water metering & 3rd party billing to gain extra income. Great location only 1.5 miles to the soon redeveloped University mall, 2.0 miles to USF and 2.5 miles to new VA addition, & new Hospital addition. Only 3 blocks to I275! Great upside to investment in this location! Short walk to bus stop on Nebraska or to Fowler but plenty of parking lot for all the tenants. Currently doing RR on exterior and re painting (2 Buildings done) & couple roofs redone. Can consider assuming 4.03% loan of 1.2mil with 8 yrs left must qualify. Has an affordable leased storage shed & office trailer on site. Self managed! EZ to keep rented! No comparison in Tampa! Decided give up opportunity & retire to travel as last child is in college. All information deemed reliable but subject to verification of buyer & buyer agent.

Location

State FL

County Hillsborough

Community Unplatted

Zoning PD

Interior

Interior Features Living Room/Dining Room Combo, Solid Surface Counters, Window Treatments

Heating Central, Electric

Cooling Central Air

Flooring Carpet, Ceramic Tile, Laminate, Vinyl

Fireplace false

Appliance Electric Water Heater, Range, Range Hood, Refrigerator

Laundry Laundry Closet, Other

Exterior

Exterior Feature Lighting

Garage Common, Off Street, Open, Oversized

Utilities Available Electricity Connected, Public, Sewer Connected

Waterfront false

Roof Type Shingle

Porch Covered, Rear Porch

Garage false

Private Pool No

Building

Lot Description City Limits, Near Public Transit, Oversized Lot, Paved

Lot Size Range Two + to Five Acres

Sewer Public Sewer

Water Public

Structure Type Block,Stucco,Wood Frame,Wood Siding

New Construction false

Construction Status Financing,Inspections

Schools

High Schools Wharton-Hb

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

Read Less


Stellar MLS
Listed by LA ROSA REALTY THE ELITE LLC
Bought with SIGNATURE REALTY ASSOCIATES

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Khalid Inshan

Agent | License ID: SL3475520

+1(321) 438-5211

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