$415,000
$425,000
2.4%For more information regarding the value of a property, please contact us for a free consultation.
3,248 SqFt
SOLD DATE : 06/01/2020
Key Details
Sold Price $415,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,248 sqft
Price per Sqft $127
Subdivision Temple Terraces
MLS Listing ID T3234525
Sold Date 06/01/20
Construction Status Financing
HOA Y/N No
Year Built 1982
Annual Tax Amount $3,403
Lot Size 9,583 Sqft
Acres 0.22
Property Description
Excellent Investment Property Ownership Opportunity! Well maintained quadruplex is comprised of Four (4) 2 Bedroom/ 1 Bathroom units with 812 Interior Square Feet per unit for a grande total of 3,248 square feet. All units are presently tenant occupied with leases in place (earliest expiration date of 12/20) and three of the four units are Section 8 approved with rents direct deposited monthly. Potential for rent increases in the future as rents are set less than comparable area rental estimates. Building is noted as having Roof Replacement (2017), All A/C systems (Compressors / Air-Handlers) have been recently replaced (Unit A - 2019/Unit B - July 2018/Unit C - May 2017/Unit D - November 2017) and all water heaters were replaced within the last three years. With a 25% down payment, this investment property boasts an impressive 16%-19% estimated ROI within an area that has a history of stable and consistent growth. Close to shopping, hospitals, USF, restaurants, easy interstate access & more.
Location
State FL
County Hillsborough
Community Temple Terraces
Zoning RM-24
Rooms
Other Rooms Great Room, Inside Utility
Interior
Heating Central, Electric
Cooling Central Air
Flooring Tile
Furnishings Unfurnished
Fireplace false
Appliance Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer
Laundry Inside
Exterior
Exterior Feature Lighting
Parking Features None, Off Street
Community Features None
Utilities Available BB/HS Internet Available, Cable Available, Electricity Available, Electricity Connected, Phone Available, Public, Sewer Available, Sewer Connected, Water Available, Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Lot Description City Limits, In County, Paved
Entry Level Two
Foundation Slab
Lot Size Range Up to 10,889 Sq. Ft.
Sewer Public Sewer
Water Public
Structure Type Block,Stucco
New Construction false
Construction Status Financing
Schools
Elementary Schools Temple Terrace-Hb
Middle Schools Van Buren-Hb
High Schools King-Hb
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Membership Fee Required None
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with BEX REALTY, LLC