109 W 131st Ave - Apartments FOR SALE


Tampa, FL 33612
$1,175,000 USD
813-933-1761
109 W 131st Ave, Tampa, FL for Sale
$1,175,000 USD
Apartments - FOR SALE
1/22
null | 5.9% Cap Rate

109 W 131st Ave
Tampa, FL 33612


HIGHLIGHTS

  • Room to potentially BUILD ADDITIONAL UNITS
  • Lot Size Acres: 0.98
  • Right off bustling Florida Ave, just south of Fletcher
  • DUPLEX (1,458 sq ft) and a TRIPLEX (2,187 sq ft)
  • Five 2BR/1BA units, each 729 sq ft. All with central AC
  • NEW SHINGLE ROOFS

OVERVIEW

PRIME LOCATION – INVESTOR ALLERT!! Excellent opportunity to own a MULTI-FAMILY property in the heart of Tampa Bay! This offering includes a DUPLEX (1,458 sq ft) and a TRIPLEX (2,187 sq ft) situated on nearly 1-ACRE, right off bustling Florida Ave, just south of Fletcher. This 3,645-square-foot property features five 2BR/1BA units, each 729 sq ft, built with sturdy concrete BLOCK construction, central AC, and NEW SHINGLE ROOFS. Tenants pay all utilities with separate meters aside from a shared water meter. Each unit is in good condition, having been updated a few years ago with wood-look standard tile flooring. Most units feature stainless steel appliances and quality cabinetry in the kitchens and bathrooms. Parking is available for each unit. All units are occupied by month-to-month tenants with below-market rents, providing an excellent opportunity for rental INCOME GROWTH. Plus, with no HOA, there's flexibility for future development! The existing structures are located at the back of the lot, leaving room to potentially BUILD ADDITIONAL UNITS at the front. Located minutes from downtown Tampa, International Mall, MacDill Air Force Base, I-275, shopping, dining, and more! Please do not visit the property or disturb the tenants.

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$311 USD /SF

# OF UNITS

5

PRICE/UNIT

$235,000

CAP RATE

5.9%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,208 SF

ZONING

RMC-6

APN/PARCEL ID

U-12-28-18-0TD-000003-00008.3

ASK ABOUT THIS PROPERTY

Bettina Reisenauer-GrimsleyBHHS Florida Properties GroupMore Info
813-933-1761

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Bettina Reisenauer-GrimsleyBHHS Florida Properties GroupMore Info
813-933-1761

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.