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32469464
32470870

3 Locations

$1,300,000
56 days on market
Updated 56 days ago

Tampa & St. Pete 3-Property 4-Unit Portfolio | 9% Cap

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 4,551
Cap Rate 8.86%
NOI $115,200
Occupancy 100%
Tenancy Multi
Rent Bumps No
Pro-Forma Cap Rate 6.26%
Pro-Forma NOI $81,410
Price per SqFt $286
Year Renovated 2025
Lot Size (SqFt) 18,739
Investment Type Stabilized
Sale Condition N/A

Fully Stabilized 4-Unit Tampa Bay Rental Portfolio | 9% Cap Rate

Marketing description

Fully Stabilized 4-Unit Tampa Bay Rental Portfolio | Turnkey Investment Opportunity

Exceptional opportunity to acquire a fully stabilized 4-unit residential investment portfolio in the high-demand Tampa Bay market, offering immediate cash flow and long-term income stability. This turnkey portfolio consists of one duplex in Tampa and two single-family homes in St. Petersburg, all currently leased with in-place tenants, delivering reliable day-one revenue.

The portfolio generates $115,200 in annual rental income and offers a diversified asset mix that reduces tenant concentration risk while providing strong exposure to two of Tampa Bay’s most active rental submarkets.

Each property has been updated, creating a low-maintenance investment opportunity ideal for investors seeking stable cash flow, portfolio expansion, or a strategic entry into the Florida rental market. The St. Petersburg pool home adds premium tenant appeal, while the duplex provides diversified income across multiple units.

Investment Highlights

  • Fully Stabilized 4-Unit Rental Portfolio
  • 100% Occupied
  • $115,200 Annual Rental Income
  • 8.86% Cap Rate
  • Mix of Duplex + Single-Family Assets
  • Updated / Turnkey Properties
  • Strong Tampa Bay Rental Market Fundamentals
  • Immediate Cash Flow from Existing Tenancy
  • Located in Tampa & St. Petersburg Growth Markets

Property Breakdown

9404 N Mulberry Street, Tampa – Duplex | 2 Units | $36,000 Annual Income

5901 Denver Street NE, St. Petersburg – Single-Family | $40,800 Annual Income

2066 62nd Place S, St. Petersburg – Single-Family Pool Home | $38,400 Annual Income

Disclaimer: All financial information is deemed reliable but not guaranteed. Buyer and buyer’s agent are responsible for independently verifying all income, expenses, lease terms, and property information.

Investment highlights

  • Fully Stabilized 4-Unit Residential Portfolio
  • 100% Occupied with In-Place Tenants
  • $115,200 Annual Rental Income
  • 9% Cap Rate
  • Immediate Cash Flow from Day One
  • Turnkey / Updated Investment Properties
  • Diversified Asset Mix: 1 Duplex + 2 Single-Family Homes
  • Longer-Term Leases in Place Providing Income Stability
  • Premium Amenity Pool Home Enhancing Tenant Demand
  • Located in High-Growth Tampa & St. Petersburg Rental Markets
  • Strong Rental Fundamentals with Continued Market Demand
  • Ideal for Passive Investors, 1031 Exchange Buyers, or Portfolio Expansion
  • Low Tenant Concentration Risk Across Multiple Assets
  • Strategic Tampa Bay Market Exposure

Listing Contacts

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$115,200.00
$9,600.00/mo

Valuation Metrics

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DSCR
8.86%
Cap Rate
8.86%
ROI

Map

Zoning

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NS-1 ResidentialSingle FamilyNeighborhood Suburban Single Family
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Russ Somerday
License
CQ1045501
Brokerage
The Somerday Group
Title
Broker of Record
Name
Carmine Petruzziello
License
SL3455970
Brokerage
The Somerday Group
Brokerage Phone
8135131001
Brokerage Address
400 North Ashley Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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