Turn-Key Multifamily Investment property for Sale

Multi-Family for Sale
Catylist Listing ID: 30624210
Property Subtypes: Low-Rise/Garden, Mixed Use, Senior Living, Student Housing, Other
Number of Units: 5 Units
Building Size (RSF): 2,900 SF
Gross Building Area: See Agent
Gross Land Area: 5,610 SF
Sale Price: $697,000
Unit Price: $139,400 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 8/31/2020

Overview / Comments

Florida Commercial Group is pleased to present for Sale 1905 N. Taliafero Avenue. This is a Rare Investment Opportunity in the Tampa Heights Area of East Tampa. Rooms at this Historic Building are leased individually and generating weekly and monthly rents. 1905 N. Taliaifero Avenue offers 4 Bedroom and features 2,900 SF. There is onsite parking as well as common Street Parking giving ease of access to the property via Taliafero Avenue. Current Zoning of RM-24 Allows for Residential Mixed-Use up to 24 units or the Property may be converted to Commercial use as Professional Office or Redeveloped into a Small Office Complex or a Co-work Space. Nestled on the edge of Historic Tampa Heights and Historic Ybor City, this Location boasts a corner location surrounded by Restoration and New Development Happening in all Directions- a Terrific Opportunity to Invest in East Tampa! You may keep these three Buildings as current, Hotel/ Motel, upgrade the property for increased monthly income, convert to a greater yielding housing complex (Student Housing, ALF, Air BnB, etc…) or re-develop the site into to Professional Offices. CALL TODAY FOR A VIEWING.

Location:
Located on the corner of E. Palm Avenue and N. Taliaferro Avenue, Subject offers Great Frontage and Fantastic Visibility in the Bustling Tampa Heights District. Ybor City, Seminole Heights, Downtown Tampa and Channelside are all within 5-10 minute commute of this property. Located directly West of the busy intersection of Nebraska Avenue and Palm Avenue, this Property is Surrounded by a mix of Commercial Businesses and Residential/ Multi- Family Communities of East Tampa. Centrally located and offering easy access to Interstate- 4 and Interstate- 275. You’ll be in Downtown Tampa or just about anywhere else in the Tampa Bay Area within Minutes! PLEASE DO NOT DISTURB OCCUPANTS. Call Today for Additional Property Details.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Tax ID/APN: 1829134XW000005000060A
Percent Occupied: 100%
Property Located Between: Close to Palm Avenue at Ybor area
Highway Access: Interstate 4, Interstate 275
Airports: TPA
Area Description: Located on the corner of E. Palm Avenue and N. Taliaferro Avenue, Subject offers Great Frontage and Fantastic Visibility in the Bustling Tampa Heights District. Ybor City, Seminole Heights, Downtown Tampa and Channelside are all within 5-10 minute commute of this property. Located directly West of the busy intersection of Nebraska Avenue and Palm Avenue, this Property is Surrounded by a mix of Commercial Businesses and Residential/ Multi- Family Communities of East Tampa. Centrally located and offering easy access to Interstate- 4 and Interstate- 275. You’ll be in Downtown Tampa or just about anywhere else in the Tampa Bay Area within Minutes!
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 2
Year Built: 1900
Construction/Siding: Wood Frame
Parking Type: Surface
Internet Access: Cable
Zoning Description: RM 24- Residential Multi Family
Lot Frontage: 55
Lot Depth: 102
Water Service: Municipal
Sewer Type: Municipal
Legal Description: BONNIEHURST LOT 6 BLOCK 5

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,139 132,842 290,428
Median Age: 34.77 35.76 36.33
Households: 7,237 54,703 118,520

Contact

Photograph of Listing Agent

Tina Marie Eloian, CCIM

Florida Commercial Group CE-FL Member
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