💎💰🏠Off-Market Duplex Opportunity Tampa FL💎💰🏠

Description

Starting Price is $356k Accepting Highest and Best by Tuesday May 21st

Off Market Duplex
EMD: $5,000
Close: June 7th
1600 sqft total
Cap Rate: 7.7%
Market rent rates $1400-$1800 per unit

Tampa Military Base is very close and a lot of the rentals in that area are for military people and the neighborhood is very quiet. Surrounded by new developments empty lots on both sides of the house owned by the church. Possibly room to build another duplex in the back or ADU

2/1 upstairs might need a little TLC for higher rent
1/1 downstairs was just remodeled with new carpet, paint and flooring
Roof 8 years old
HVAC system less than 5 years old (both units have ducts but only the upstairs is connected. Downstairs unit is on window mini splits
Separate water and electric meters
Water heaters are less than 10 years old
Washer & Dryer upstairs and downstairs
Siding was just replaced and painted (50 year warranty)

Sold comps:
4803 W Ingraham st – 392k – 2/16/24

Rent comps:
k7208 S Kissimmee st A – $1600
7208 S Kissimmee st B – $1600
6713 S Faul St – $1700
6806 S Juanita St – $1800