4507-4517 E GIDDENS AVENUE

Multi-family For Sale

$2,200,000

BTC: 28.48901761

ETH: 748.10084399

-$200K (2024/10/22)

142 days

For Sale

Multi-family

0 room(s) •

8,424 sqft

Est. Estimated sales range: $0 - $0

Overview

1031 TAX EXCHANGE friendly!!! ****** Please bring all offers, seller likes to negotiate! 100% occupied 6 Duplexes for Sale. Prime Investment Opportunity!** This exceptional investment opportunity features six duplexes, totaling 12 income-producing units, all conveniently located next to each other. Situated in the heart of Tampa. Each unit features 2 bedrooms and 1 bathroom. Tenants pay all utilities, reducing landlord expenses Each unit has separate water and electric meters. Landlord only pays for landscaping, Taxes, Sewage & Insurance. One unit recently rented for $1,563/month. Tampa Housing Authority offers $1,771/month for 2-bedroom, 1-bathroom units in the same zip code Property is currently rented for $11,113 per month, equating to an annual gross income of $133,356 The property is currently under-rented, providing significant potential to increase rents to market rates. Tampa housing shows a payment standard of $1771 a month if you were to get all units rented with Tampa housing that’s a potential annual gross rent of $21,252 per month X 12 months = $255,024 With tenants responsible for their utilities and minimal landlord expenses, these units generate substantial rental income.There's significant potential to increase rents to match market rates, maximizing returns on investment.Proximity to major amenities and transportation hubs ensures high demand and occupancy rates.These properties offer easy access to shopping centers, gyms,Hard Rock Casino,Walmart, USF, I-275, I-4, Busch Gardens, Downtown Tampa, and more. Schedule a viewing today to explore this cash cow investment before it's no longer available. This is a prime opportunity to secure a high-yield property in a rapidly growing area. *** Potential seller financing available with 50% down. Total Income - $11,113per month X12 month = $133,356 Gross annual rent Expenses - Insurance $18,000 annual Taxes $14,347.48 Lawn care $3600 annual Annual Expenses =$35,947.48-$133,356 Gross rents = Net Income $97,408.52 4507 E Giddens ave Tampa Florida 33610 Unit A - $1563 lease ends 06/2025 Unit B- $1,000 month to month =$2536 per month 4509 E Giddens ave Tampa Florida 33610 Unit A -$1000 month to month Unit B -$850 month to month =$1850 per month 4511 E Giddens ave Tampa Florida 33610 Unit A -$825 Unit B -$900 month to month =$1725 per month 4513 E Giddens ave Tampa Florida 33610 Unit A-$800 month to month Unit B-$900 month to month =$1700 per month 4515 E Giddens ave Tampa Florida 33610 Unit A -$850 month to month Unit B -$900 month to month =$1750 per month 4517 E Giddens ave Tampa Florida 33610 Unit A-$800 month to month Unit B-$725 month to month =$1525 per month Tampa housing payment standard https://www.tampaha.org/payment-standards

Location

Florida • TAMPA • 33610 • Multi-family • For Sale

Facts and features

Type:

Residential Income

Parking:

No Data

Year Built:

1974

Lot:

0.68 Acres

Heating:

Central / Electric

Price/sqft:

$261

Cooling:

Central Air

HOA:

No Data

Type:

Residential Income

Parking:

No Data

Year Built:

1974

Lot:

0.68 Acres

Heating:

Central / Electric

Price/sqft:

$261

Cooling:

Central Air

HOA:

No Data

All facts and features

Heating

• Central

• Electric

Cooling

• Central Air

Other interior features

• Living Room/Dining Room Combo
Property

• Exterior Features: Other

Lot

• Lot: 0.68 Acres

Other Property Information

• Parcel Number: A04291949C00000000020.0

• Zoning: RM-16
Type and style

• Property Type: Residential Income

• Property Sub Type: Multi Family
Utility

• Electricity Available

• Water Available
Other financial information

• Annual tax amount: $14,347
Source details

• MLS ID: T3535251

Other facts

• Construction Materials: Block

• Foundation Details: Slab

• Laundry Features: None

• Living Area: 8424

• Water Source: Public

• Subdivision Name: HILLSBOROUGH HEIGHTS EAST A RE

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: YOU FIRST REALTY AND ASSOC LLC

4507-4517 E GIDDENS AVENUE

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Utilities / Green Energy Details

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