🏡 Investment Opportunity: Two Duplexes (4 Units) in Tampa, FL 🌴

🏠 Property Details:

• 🏢 Unit Mix: 2 Duplexes (4 Units Total)
  • Unit #A/B: 2 Bed / 1 Bath + 2 Bed / 1 Bath
  • Unit #C/D: 2 Bed / 1 Bath + 2 Bed / 1 Bath
• 📏 Total Livable Area: 3,132 sqft (1,566 sqft per duplex)
• 🌿 Lot Size: 10,300 sqft
• 📅 Year Built: 1984 (Block)
• 💲 Asking Price: $420,000
• 💼 EMD: $10,000
• ⏳ Close of Escrow (COE): 10/18/24

📸 Link to Photos:

View Property Photos

🔑 Key Features:

• 🏚️ Roofs: Older, may require attention or replacement.
• ❄️ AC Units: Recently updated throughout all units.
• 🔌 Electric Boxes: Dated, may need updates.
• 🚰 Plumbing: PVC pipes installed.

📊 Financial Breakdown:

• 💲 Current "As-Is" Rents:
  • Unit A: $750
  • Unit B: $750
  • Unit C: $900
  • Unit D: $950
  • Total Monthly Income: $3,350
• 💲 Market Rent Potential:
  • Estimated at $1,400 per unit
  • Total Monthly Market Rents: $5,600

📈 After Repair Value (ARV):

$640,000
(Estimated at $320,000 per duplex)

💡 Investment Highlights:

This multi-family investment in Tampa offers two block duplexes with a combined livable space of 3,132 sqft. The property currently generates $3,350/month in rental income, with the potential to increase to $5,600/month once the units are brought up to market standards. The asking price of $420,000 provides significant room for value-add improvements.

With recently updated AC units and PVC plumbing, some important systems have already been upgraded. However, the older roofs and dated electric boxes present potential areas for improvement.

💵 Price Analysis:

• Current Rental Income: $3,350/month
• Potential Market Rent: $5,600/month
• Asking Price per Duplex: $210,000
• ARV per Duplex: $320,000

This $210,000 per duplex asking price offers a significant discount relative to the $320,000 ARV, leaving plenty of room for renovation and value creation.

📍 Location:

Situated in Tampa, FL, this property is located in a growing market with strong rental demand. With easy access to major highways, schools, and local amenities, it is an attractive option for renters.

⚠️ Considerations:

• 🔧 Roofs: Likely need repair or replacement.
• ⚡ Electric: Outdated, updating the electric boxes should be considered.
• 📈 Rental Growth Potential: Units are currently under-rented compared to market rates, presenting a clear path to increasing cash flow.

💼 Conclusion:

This 4-unit duplex property in Tampa offers an excellent investment opportunity with strong potential for increased cash flow and appreciation. With the right updates to the roofs and electric, you can bring the property to its market rent potential of $5,600/month, making this a highly attractive value-add project. 🏘️💰

For more information or to schedule a viewing, please contact:

📞 Phone: 813-544-4909

⚠️ Disclaimer:

All information provided is deemed reliable but is not guaranteed and should be independently verified. The asking price and property details are estimates based on available data and are subject to change. Buyers should conduct their own due diligence, including verifying property details, zoning, and potential for rental income or development. The seller and their representatives make no warranties or guarantees regarding the accuracy of the information or the property's condition. 📝