$237,000

8115 N 9th Street

TAMPA FL, 33604

Description

For sale is a 4 unit apartment building that is bringing in SERIOUS cash flow. Currently renting out rooms to individual tenants. The current layout is 3 rooms per unit with shared kitchen and bathroom. We are talking about 12 rooms that fill just as soon as one is emptied! The average rent for a room is $150 per WEEK... do the math!! Property has been under renovation over the past two months including bathrooms and kitchens to make it a clean, attractive place for your tenants. As we are renovating we have been filling rooms. Currently 9 out of 12 are rented and will be filling the last few rooms shortly. Given how quickly these fill the rents are below market. Available for review is an actual income/expense breakdown as well as pro-forma. Agent is owner and currently managed out of state. The building operates very smoothly and most tenants pay via online payment systems but also has an on-site check deposit box. Installed a state of the art video surveillance that can be monitored remotely. Management can be transitioned slowly if buyer needs to ease into this cash flow machine. This area is ideal for rooms and there is a serious shortage of affordable housing for people. This property will not last at this cash flow.. Priced to move quick!! DO NOT DISTURB TENANTS... NOT AWARE OF SALE!!

Details

MLS#T3230101
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1925
Days On Site23

Features

SQ Feet2,208
Units4
Building(s)1

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Area Information

StateFL
CountyHillsborough
CityTAMPA
Zip Code33604
Area33604 - Tampa / Sulphur Springs
Listing VS Median (in 33604)
Price:
$237,000
low | high
Med:
$215,000
59.282700421941% of Average
SqFt:
2,208
low | high
Med:
1,357
88.541666666667% of Average
$ / SqFt:
$107
low | high
Med:
$160
2% of Average
On Site:
23
low | high
Med:
47.5
48.421052631579% of Average
Listing Updated: 04/03/2020
MLS Number: T3230101
Listing Provided By:
Tracy Moll  of  FLORIDA REALTY INVESTMENTS

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