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Key Details
Sold Price $590,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,070 sqft
Price per Sqft $285
Subdivision Hanan Estates
MLS Listing ID U8124710
Sold Date 07/30/21
Construction Status Appraisal,Financing,Inspections
HOA Y/N No
Year Built 1960
Annual Tax Amount $3,764
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 60x130
Property Description
Multiple offers, Highest and best due June 8th, 5PM ET. ATTENTION ALL SOUTH TAMPA INVESTORS! Great opportunity in the high demand 33609 zip code with so much potential and upside. Currently on the lot sits a newly remodeled block home that is split into an income producing 3/2 and 1/1, both are tenant occupied providing diverse income streams. The spacious chic 1 bed/1 bath is fully furnished and operating as a 5 STAR short term rental (see financials). The new owner can keep operating as a short-term rental, long term rental to offset their mortgage or simply move in! The main home is on an annual lease providing stable income and cash flowing. (see financials) The 3/2 home has been completely remodeled and transformed featuring White solid wood cabinets with soft close features, Quartz countertops, stainless steel gallery appliances and 24x24 white tile and LED lighting through the entire home. The 3/2 has a Newer HVAC to keep the home nice and cool during those hot summer months! The entire home has a brand-new roof permitted in 2020. The in-law suite/guest house was remodeled featuring grey solid wood cabinets that are soft close as well. The back yard is open ready to enjoy with solid block shed spacious enough to keep all your tools and lawn equipment. This current diverse income producing property has an estimated Net operating income (NOI) of $40K! Also, there is tremendous upside for future development/ new construction once rezoned would allow for 3-4 unit townhome development opportunity! Imagine rezoning this lot while collecting passive income! A true Win-Win for Builders/investors. Take a drive down the street and you will see the transformation and surrounding new development in progress. Ideal location close to West shore business district, Midtown, fine dining, shops, airport, and all South Tampa has to offer. Zoned for top rated school district of Coleman, Grady and Plant. Schedule an appointment today before this investment opportunity is gone! Shown by appointment only. Do not disturb or approach tenants please.
Location
State FL
County Hillsborough
Community Hanan Estates
Zoning RM-24
Rooms
Other Rooms Family Room, Formal Dining Room Separate
Interior
Interior Features Built-in Features, Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo
Heating Central
Cooling Central Air
Flooring Tile
Fireplace false
Appliance Dishwasher, Dryer, Freezer, Microwave, Range, Refrigerator
Laundry Inside, In Kitchen, Laundry Room
Exterior
Exterior Feature Fence, Irrigation System, Lighting, Other, Sidewalk
Garage Common, Covered, Curb Parking, Driveway, Off Street, On Street, Oversized
Utilities Available BB/HS Internet Available, Cable Available, Electricity Available, Phone Available, Sewer Connected, Sprinkler Meter, Water Available
Waterfront false
Roof Type Built-Up,Membrane
Garage false
Private Pool No
Building
Entry Level Multi/Split
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Appraisal,Financing,Inspections
Schools
Elementary Schools Grady-Hb
Middle Schools Coleman-Hb
High Schools Plant City-Hb
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with COLDWELL BANKER REALTY