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26651307
31690823

3105 W Spruce St, Tampa, FL 33607

KK
FL SL3256975
The Multifamily Firm
PG
FL SL3266689
The Multifamily Firm
Listed by The Multifamily Firm
$689,000
283 days on market
Updated 22 days ago
Opportunity zone

MacFarlane Park Place

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,430
Net Rentable (SqFt) 2,415
Units 3
Cap Rate 7.00%
Pro-Forma Cap Rate 7.00%
Class C
Year Built 1913, 2003
Year Renovated 2023
Buildings 3
Stories 1
Acreage 0.190
Zoning RS-50
Investment Type Value Add
Ground Lease No
Ownership Fee Simple
Sale Condition N/A

PRICE REDUCTION | Spacious 4-Bedroom House & Two Apartments on 1 Parcel | Near Midtown Tampa

Marketing description

PRICE REDUCTION!!

The Multifamily Firm is pleased to present MacFarlane Park Place, an exceptional 3-unit multifamily property in the heart of Tampa. The asset consists of a spacious 4-bed / 4.5-bath house and Two rear apartments, all situated on 1 parcel. Currently vacant, the property offers immediate access for an owner-occupant or investor seeking to reside in the main house while leveraging the 2 apartments to offset the mortgage & build equity. The main house has been recently renovated with modern finishes, featuring en-suite bathrooms in every bedroom, granite countertops, stainless steel appliances, and LVP flooring. Complementing the house are two additional units, a 2-Bed / 1-Bath apartment and a 1-Bed / 1-Bath apartment, providing strong rental income potential. With newer roofs (2023) and a non-flood zone location (Zone X), insurance costs are substantially reduced.

Ideally located minutes from Midtown Tampa, Downtown, SoHo, Ybor City, and Tampa International Airport, the property benefits from proximity to major job centers, premium shopping, top dining, year-round sports, and cultural amenities… making it a rare opportunity in one of Tampa’s most dynamic growth corridors.

Investment highlights

  • PRICE REDUCTION | Exceptional 3-Unit Multifamily Asset, Consisting of 4-Bed /4.5-Bath House & Two Apartments on 1 Parcel

  • Savvy Investment Opportunity to Reside in House & Leverage 2 Apartment Units to Pay Mortgage & Build Equity

  • Spacious 4-Bed / 4.5-Bath House, Recently Renovated w/ Modern Finishes, Featuring En-Suite Bathrooms in Every Bedroom, Granite Countertops, Stainless Steel Appliances & LVP Flooring

  • Two Apartments in Rear Buildings, Featuring One, 2 Bed / 1 Bath Unit & One, 1 Bed / 1 Bath Unit

  • Non-Flood Zone Location (Zone X) & Newer Roofs (2023), Substantially Reducing Insurance

  • Property Consists of 3-Units, in 3 Buildings, on 1 Parcel Totaling 0.19 Acres

  • 4-Minutes From Midtown Tampa, Featuring Whole Foods, REI, Aloft & Element Marriott Hotel, & Over 1,000 Residential Units Driving Tenant Demand

  • 10-Minutes from Downtown Tampa, SoHo & Ybor City - Providing Quick Access to Major Job Centers, Nightlife & Culture

  • 5-Minutes to Tampa International Airport: Ideal for Business Travelers, Airline Employees & Corporate Tenants

  • 5-Minutes from Raymond James Stadium - Home of the Tampa Bay Buccaneers (NFL)

  • 5-Minutes from Steinbrenner Field - Spring Training Home of the New York Yankees & Temporarily the Home of the Tampa Bay Rays (MLB)

  • 10-Minutes from Amalie Area, Now Renamed Benchmark International Area - Home of the Tampa Bay Lightning (NHL)

Listing Contacts

KK
FL SL3256975
The Multifamily Firm
PG
FL SL3266689
The Multifamily Firm
Listed by The Multifamily Firm

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