Block 8 unit for sale in Tampa, FL. $72.5k a door. This will go very fast. Great opportunity to raise rents. Current rents are significantly below even the lowest comps in the area ($800-$900 a month). Secondly create a billback plan to recapture the lost income of the landlord paying utilities. New owner could easily add a RUB charge of $75+ a month to the leases to increase income.
Unit Mix:
2 - 1 bed / 1 bath
6 - Studio
Average rents for all 8 units are just shy of $600. One tenant is currently not paying. All tenants are on M2M leases.
Heated Sqft: 2,043
Total Sq Ft: 2,043
Lot Size: 11,460
Construction: Block
Year Build: 1965
Utilities: One electric meter & One water meter
Currently Month Expenses -
Water & Trash (Owner) - $750 a month
Electric - $ 750 a month (higher in January and Feb)
Taxes - $4433 a year
Insurance - TBD (owners was $3,000 a year)
Property has a well but it is NOT used. Currently on City Sewer and City Water
This will go very fast, please reach out if you are interested.
Disclaimer: HOUSE IS BEING SOLD " AS-IS" WITH NO WARRANTIES OR DISCLOSURES FROM THE SELLER AND BUYER TO PAY ALL CLOSING COSTS AND TRANSFER TAXES WITH THE EXCEPTION OF ANY PRORATED PROPERTY TAXES, LIENS, AND JUDGMENTS UNLESS OTHERWISE AGREED TO IN WRITING BY BOTH PARTIES. LARGEST HOME BUYERS, LLC either owns or has equitable contractual interest in the property. The above marketing piece is referencing the equitable interest/option in the subject property, and recipients of this email are fully aware that the sellers' "equitable interest and contractual obligations" are what is being offered. Cash or hard money ONLY. Buyer is not relying on any representations, whether written or oral, regarding the property above. A minimum $5000.00 non-refundable deposit is due with contract acceptance. PROPERTY WILL BE CONVEYED WITH FREE AND CLEAR MARKETABLE TITLE UNLESS OTHERWISE AGREED IN WRITING BY BOTH PARTIES. NO INSPECTION PERIODS. Buyer to do their own due diligence prior to the seller accepting an offer. Sight unseen offer will require a sight unseen addendum to be executed prior to the acceptance of an offer.
