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701 W PLAZA PLACE

Multi-family For Sale
$1,349,900

BTC: 17.63192268

ETH: 599.95555556

1 days
7 bds
2,347 sqft

Overview

Virtually Staged. FULLY LEASED RIVERSIDE HEIGHTS * THREE DETACHED HOMES* HIGH ANNUALIZED RENTAL INCOME ALL LEASED THROUGH JULY 31, 2027. An opportunity to expand a rental portfolio, reallocate capital, or evaluate a replacement real estate for a qualifying 1031 exchange. Acquire an established rental income producing property with three fully remodeled independent residences with all residences leased through July 31, 2027. Located at 701 W Plaza Place in Riverside Heights, this property offers established rental income and an existing tenant base, eliminating the need for an initial leasing effort. With its unique configuration, the property presents an attractive investment opportunity and a distinctive alternative to traditional apartment-style multifamily ownership. The property includes a 4-bedroom / 2-bathroom home, a 1-bedroom / 1-bathroom home, and a 2-bedroom / 1-bathroom home. All three residences are fully detached, with no shared walls, offering added privacy and a versatile mix of floor plans that distinguishes this investment from a conventional shared-wall triplex. Each home has its own electric meter and dedicated main water line. The property currently shares one water meter, with the potential to install two additional meters for separate water metering, subject to utility approval. Situated in highly desirable Riverside Heights, the property offers unmatched convenience with access to Armature Works, the Tampa Riverwalk, Downtown Tampa, and the University of Tampa. For the buyer who values both the underlying real estate and its income-producing potential, this offering combines three remodeled residences with an established Tampa location. Income and lease information are owner-reported and subject to buyer verification. Buyer to verify leases, payment history, expenses, and all other material information.

Location

Details

Type:
Residential Income
Parking:
Driveway / On Street / Parking Pad
Year Built:
1948
Lot:
0.20 Acres
Heating:
Central / Electric
Price/sqft:
$575
Cooling:
Central Air / Mini-Split Unit(s)
HOA:
No Data

Highlights

Annual tax
$7,846
2026
Pets
Allowed
All facts and features
  • Flooring

    • Tile

    • Vinyl

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Mini-Split Unit(s)

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Electric Water Heater

    • Microwave

    • Range

    • Refrigerator

    • Tankless Water Heater

    • Washer

    Other interior features

    • Ceiling Fan(s)

    • Eating Space In Kitchen

    • Living Room/Dining Room Combo

    • Open Floorplan

    • Stone Counters

    • Thermostat

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 7

  • Parking

    • Driveway

    • On Street

    • Parking Pad

    Property

    • Exterior Features: Fenced / French Doors / Lighting

    Lot

    • Lot: 0.20 Acres

    Other Property Information

    • Parcel Number: A1129184QH00000000007.0

    • Zoning: RS-50

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Utility

    • Cable Connected

    • Electricity Connected

    • Natural Gas Available

    • Sewer Connected

    • Water Connected

    Green energy

    • Insulation

    • Lighting

    • Windows

  • Other financial information

    • Annual tax amount: $7,846

  • Source details

    • MLS ID: TB8563797

    Other facts

    • Construction Materials: Cement Siding / Wood Frame

    • Foundation Details: Crawlspace / Slab

    • Laundry Features: Inside / Laundry Closet / Laundry Room

    • Patio And Porch Features: Front Porch / Patio

    • Living Area: 2347

    • Water Source: Public

    • Lot Size Dimensions: 140 x 64

    • Subdivision Name: TAMPA HEIGHTS

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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 ©2026-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: HOMECOIN.COM