Listed by Future Home Realty
$714,000
1808 4 plex
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio, Apartment Building
Square Footage 3,472
Net Rentable (SqFt) 3,472
Units 4
NOI $28,390
Occupancy 50%
Tenancy Multi
Pro-Forma NOI $110,400
Price per SqFt $209
Class B
Year Built 1984
Buildings 1
Zoning Zoning: RMC-20
Sale Condition N/A
About This Property for Sale
Marketing description
Investor Special! Excellent opportunity to own a 4-unit multifamily property in a high-demand Tampa rental market. Each spacious 3-bedroom unit features washer and dryer hookups. Two units are occupied, while two have been recently remodeled and are ready for lease. Projected gross rental income of up to $110,400 annually (based on all units leased at approximately $2,300/month). Conveniently located near I-275, I-75, US-41, and Fletcher Avenue, with easy access to USF, Moffitt Cancer Center, AdventHealth Tampa, shopping, dining, and public transportation. An outstanding opportunity for investors seeking strong cash flow and long-term appreciation.
Investment highlights
Investment Highlights
- Income-Producing Quadplex featuring four 3-bedroom, 1-bath units in a strong Tampa rental market.
- Value-Add Opportunity with two units already occupied and two recently renovated and ready for lease, providing immediate upside.
- Strong Income Potential with projected gross annual rental income of approximately $110,400 when fully leased at market rents.
- Desirable Unit Mix of four spacious 3-bedroom units, a layout that appeals to families and long-term tenants.
- Tenant Convenience with washer and dryer hookups in every unit.
- Excellent Location offering quick access to I-275, I-75, US-41, Fletcher Avenue, USF, Moffitt Cancer Center, AdventHealth Tampa, shopping, dining, and major employment centers.
- High Rental Demand Area supported by nearby universities, hospitals, and a growing employment base.
- Opportunity to Increase Cash Flow through lease-up of the vacant units and future rent optimization.
- Ideal for Both New and Experienced Investors seeking immediate income with additional appreciation and value-add potential.
Listing Contacts
Listed by Future Home Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$28,390.00
$2,365.83/mo
Valuation Metrics
0
DSCR
3.98%
Cap Rate
3.98%
ROI
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