8 UNIT 100 PERCENT OCCUPIED BUILDING ADD VALUE IN TAMPA!!!!!! The property contains 8 units with 4 separate structures on 1 parcel. There is a large lot with parking on both sides (in an L shape). On the side that has the Quad Plex there is at least 6 parking spots. On the side that has the stand alone unit, duplex and another standalone unit there is at least another 6 parking spots, potentially more if parking lot is re-striped.
1- Quadplex facing 15th st N
1- Duplex in the center of the property
1- Stand alone unit with central AC that has 3 bedrooms facing the side street
1- Stand alone unit that faces the side street that has 2 bedrooms and has layout like a loft unit
The property is extremely under rented and is a HUGE ADD VALUE, however it is 100% OCCUPIED allowing the new owner to still collect rents which renovating some of the units! There is currently 1 water meter and SEPARATE ELECTRIC METERS for each unit. Redoing the plumbing and adding separate water meters would be a huge upside for the new owner. The new owner could also add a laundry facility with coin operating machines which would also create additional revenue. THE POTENTIAL FOR THIS PROPERTY IS ENDLESS! 5 out of the 8 tenants are on MTM leases allowing the new owner the option to raise rents immediately. See OM attached for rent roll and financials. Job and population growth as well as lower cost of living compared to Florida's larger cities makes Tampa Florida the ideal place for purchasing investments. This location is known as University Square which is in the 33612 zip code and home to many attractions such as Busch Gardens as well as the VA hospital. This particular location attracts young professionals with its nightlife, job opportunities and also being close to USF. THIS WONT LAST LONG! PLEASE SEE ATTACHMENTS FOR MORE INFORMATION!