Charming 5 Unit Multi-Family Investment Enclave

Multi-Family for Sale
Catylist Listing ID: 30408268
Property Subtypes: Duplex/Fourplex, Other
Number of Units: 5 Units
Building Size (RSF): 3,083 SF
Gross Building Area: See Agent
Sale Price: $550,000
Unit Price: $110,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 7/15/2019

Overview / Comments

Offer For Sale is this value add investment opportunity. There are five rentable apartments in three buildings, set with a charming courtyard in between. Parking is available for 4 vehicles, with overflow parking available on the street.

The Seller has owned this property for many years and has rented on a month to month basis with no leases in place. There is a significant opportunity for a buyer investor to invest and improve/ update all units, and effectively double + the current monthly rents.

This is definitely a diamond in the rough investment opportunity!

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Tax ID/APN: 15 29 16 85176 002 0010
Percent Occupied: 100%
Airports: Tampa International and Tampa Executive
Total Number of Buildings: 3
Property Condition: Average
Number of Stories: 1
Year Built: 1938
Roof Type: Gable
Construction/Siding: Wood Frame
Parking Type: Surface
Total Parking Spaces: 4
Heat Source: Central
Fuel: Electric
Air Conditioning: Engineered System
Internet Access: Cable
Lot Frontage: 100
Lot Depth: 120
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,212 96,777 240,076
Median Age: 41.82 44.65 47.09
Households: 4,498 42,591 112,647
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