4911 Temple Heights Road #ADTampa, FL 33617
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
Don't look past these 8 Value Add Multifamily units in Tampa! The Property consists of two 4 unit buildings with below market rents and one vacancy. The Seller completed major renovations on each building, including but not limited to plumbing, HVAC, roof, bathrooms, and kitchen countertops. An investor is presented with the unique opportunity to invest in a Value Add property where the hard work of renovations has already been completed! Current Annual Scheduled Gross Income is $77,760, with a Pro Forma Gross Rental Income of $91,200 after rents are brought to a market value. All units except for one are occupied. An investor has the opportunity to stabilize the investment at a Prop Forma Cap Rate of around 6.35%. All property photos will be updated shortly.
|20 hours ago||Listing updated with changes from the MLS|
|3 weeks ago||Price changed to $835,000|
|2 months ago||Listing first seen online|