Current cap rate of 14.06%!! Cash on cash return of $25,300 per year!! 100% occupied turn-key investment with ability to value add property by converting all of the units into 3 bedroom units by adding closet and door in front den of each unit. Conversion would increase cash on cash return to $34,420 and would increase cap rate to 19.13%!! Each unit is sizeable at 850sf with a back porch / balcony for residents. Easy to rent units in strong USF area rental market.Serious Inquires only. Do not disturb tenants. Will only show interior units after contract has been executed as owner does not wish to disturb the tenants. Buyer to Verify all information.
Full Property Details
Full Property Detailsfor 14303 N 18th St
Sold For: $180,000
Taxes: $1,654 (2014)
MLS ID: T2753641
Added: 1, 154 day(s) ago
Interior Features: Blinds/Shades, Smoke Alarm(S), Washer and Dryer Hookups
Appliances/Equip: Hot Water Electric, Range, Range Hood, Refrigerator
Flooring: Carpet, Ceramic Tile, Vinyl
Exterior Features: Balcony/Sun Deck, Oak Trees
Garage Description: None
Subdivision: HAMNERS W E PINE VISTA FIRST ADDITION
Driving Directions: 275 to Bearss. East to 18th, South towards 143rd Street and Property will be on your left about 100 yards before 143rd Street.
Direction Faces: West
Location Details: Close to Bus Line, In County, Level, Sidewalk, Street Paved
Home Owners Assn.: None
Heating & Cooling
Cooling Type: Central
Heating Type: Central, Electric
Utility Description: Cable TV Available, Electric, Public Sewer, Street Lights
# Buildings: 1
Description/Design: Attached, Four Units
Exterior Const.: Block, Stucco
Square Feet: 3,440
Sq. Ft. Source: Public Records
Year Built: 1984
2 Bed/1 Bath Units: 2
2 Bed/2 Bath Units: 2
Lot Size (Acres): 0.22
Lot Size (Sq. Ft.): 9,583
Lot Size Range: Up to 10, 889 Sq. Ft.
Lot Dimensions: 110.0 x 88.0
Potential Use: RE03
Price Per Sq. Ft.: $52.3
Security Deposit: $1,800
Tax Amount: $1,654
Tax Year: 2014
Terms: Cash, Conventional
Disclosures and Reports
Legal Description: HAMNER'S W E PINE VISTA FIRST ADDITION W 110.10 FT OF LOT 13 LESS S 89.23 FT THEREOF AND W 110.10 FT OF LOT 14 LESS N 88 FT THEREOF
Listed by Highmark Real Estate Sold by Re/Max Capital Realty
14303 N 18th St, Tampa, FL 33613 (MLS# T2753641) is a
Multi-Family property that was sold at $180,000 on July 02, 2015.
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