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725 S 51ST STREET

Multi-family Recently Sold
$720,000

BTC: 7.65957365

ETH: 234.90951090

Sold on: 2023-08-31
3 days
8 bds
3,925 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

INVESTOR ALERT / DEVELOPER ALERT…….....HIGH INCOME POTENTIAL...........OVER 91K ANNUAL INCOME………ZONED FOR 12 UNITS PER ACRE…….……..RECENTLY RENOVATED……….…OVER A ACRE OF LAND…….…This property presents an excellent opportunity for investors looking to build there rental portfolio and developers seeking a highly profitable project. With zoning for up to 12 units per acre, it offers versatile options for potential development. The property currently boasts four single-family homes, three of which are already rented out and completely renovated, while the largest serves as the owner's residence. Benefiting from recent renovations and the high demand for rentals in the area, this property forecasts an impressive annual income exceeding $91,800, with the potential to achieve $7,650 in monthly rental revenue. After accounting for expenses, the property's remarkable……… Pro forma Cap Rate 9.67% further enhances its appeal. Moreover, the expansive over one-acre land parcel enjoys the added advantage of opportunity zoning, unlocking even more development potential. Don't let this lucrative opportunity slip away. Reach out today to explore the full potential of this property and how it can significantly benefit your investment portfolio.

Location

Florida • TAMPA • 33619 • Multi-family • Recently Sold

Facts and features

Type:
Residential Income
Parking:
Driveway / Ground Level / Guest / Open / Oversized / Parking Pad
Year Built:
1940
Lot:
1.36 Acres
Heating:
Central
Price/sqft:
$183
Cooling:
Central Air / Mini-Split Unit(s)
HOA:
No Data
All facts and features

  • Flooring

    • Bamboo

    • Luxury Vinyl

    • Tile

    • Hardwood

    Heating

    • Central

    Cooling

    • Central Air

    • Mini-Split Unit(s)

    Appliances

    • Built-In Oven

    • Dishwasher

    • Disposal

    • Dryer

    • Freezer

    • Ice Maker

    • Microwave

    • Range

    • Range Hood

    • Refrigerator

    • Washer

    Other interior features

    • Ceiling Fan(s)

    • Eating Space In Kitchen

    • Living Room/Dining Room Combo

    • Primary Bedroom Main Floor

    • Thermostat

    Bedrooms and bathrooms

    • Bedrooms: 8

  • Parking

    • Driveway

    • Ground Level

    • Guest

    • Open

    • Oversized

    • Parking Pad

    Property

    • Levels: One

    • Exterior Features: Lighting / Private Mailbox / Storage

    Lot

    • Lot: 1.36 Acres

    Other Property Information

    • Parcel Number: U222919ZZZ00000150070.0

    • Zoning: RDC-12

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • Cable Available

    • Electricity Available

    • Natural Gas Available

    • Propane

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $2,489

  • Source details

    • MLS ID: N6127959

    Other facts

    • Construction Materials: Block / HardiPlank Type / Stucco / Vinyl Siding / Wood Frame

    • Foundation Details: Concrete Perimeter / Crawlspace / Slab

    • Laundry Features: Inside / Laundry Closet / Laundry Room

    • Lot Features: Level / Private

    • Patio And Porch Features: Deck / Front Porch / Patio / Rear Porch

    • Window Features: Blinds / Drapes

    • Other Structures: Guest House / Other / Shed(s) / Storage

    • Living Area: 3925

    • Water Source: Well

    • Lot Size Dimensions: 200 x 297

    • Subdivision Name: UNPLATTED

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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: KELLER WILLIAMS ON THE WATER