Property Overview:

• Type: Triplex (Multi-Family)
• Building Size: 3,022 sq ft
• Lot Size: 17,337 sq ft
• Asking Price: $747,000

Unit Breakdown and Rent:

1. Unit 1: 2 Bed / 2 Bath - Rent: $1,400/month
2. Unit 2: 2 Bed / 1 Bath - Rent: $1,200/month
3. Unit 3: 2 Bed / 1 Bath - Rent: $1,200/month

• Total Monthly Rental Income: $3,800
• Annual Gross Rental Income: $45,600

Property Features:

• Utilities: Water and electricity are separately metered for each unit.
• Roof: In good condition.
• Air Conditioning: Replaced within the last 2 years.
• Parking: Large yard offers ample space for tenant parking.
• Ownership Duration: Owned for 8+ years.
• Condition: Could use painting and modernizing, but no major issues reported.

Investment Highlights:

• Reliable Rental Income: Steady monthly income of $3,800, with the potential to increase rents.
• Separate Utilities: Each unit has separate utility meters, reducing owner expenses.
• Recent Upgrades: Newer AC units and a well-maintained roof minimize immediate capital expenditures.
• Expansion Potential: The large lot offers the opportunity to add up to two additional units, maximizing rental income.

Additional Selling Points:

• High and Dry Location: The property's elevated position prevented storm damage during recent hurricanes. The area did not lose electricity and remained completely unaffected.
• Long-Term Tenants: Current tenants are long-term and happy, but are on month-to-month leases, providing flexibility for the new owner.
• Desirable Location: The property is in a great neighborhood, close to downtown, beaches, Tampa Bay, and I-275.
  

  
  For more information, text or call Jeff:

  914-552-8141