409 E FLORIBRASKA AVENUE

Recently renovated quad 1 mile from downtown Tampa in the highly coveted Tampa Heights. The property consists of 2 duplexes on the same parcel for a total of 4 units, (3) 1 bedroom/1 bath units & (1) 2 bedroom/1 bath unit. The 2-story duplex in the back is concrete block with a new roof in 2023, a 2-bedroom unit and a 459 SF storage room that could be converted to rentable space. The 2-bedroom unit is 918 SF and is currently rented for $1,800/mo. The 1-bedroom unit is currently rented for $1,400/mo. The bungalow duplex in the front houses 2 1-bedroom units with a large front porch and lots of curb appeal. One unit is rented for $1,500/mo and the other is recently vacant and will also rent for $1,500/mo. The total monthly rent is $6,200 and annual rent is $74,400 resulting in 7% cap rate with opportunity to add value with storage space conversion to rentable space. The units feature stainless steel appliances, in unit laundry, waterproof LVP flooring, a metal roof on the bungalow, new roof on the 2-story building, central air in 2 units, upgraded cabinets, & granite countertops. There is a large off-street parking area for 10 cars in between the 2 buildings and a private yard behind the back building. Also, the back building was fumigated in 2023 and all plumbing and electrical has been updated over the past several years.