Tampa, FL 33619,725 S 51ST ST
Tampa, FL 33619,725 S 51ST ST
Tampa, FL 33619,725 S 51ST ST
Tampa, FL 33619,725 S 51ST ST
Tampa, FL 33619,725 S 51ST ST
Tampa, FL 33619,725 S 51ST ST
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$720,000

$720,000

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

8 Beds

5 Baths

3,925 SqFt


SOLD DATE : 08/31/2023

Key Details

Sold Price $720,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,925 sqft

Price per Sqft $183

Subdivision Unplatted

MLS Listing ID N6127959

Bedrooms 8

Year Built 1940

Annual Tax Amount $2,489

Lot Size 1.360 Acres

Property Description

Under contract-accepting backup offers. INVESTOR ALERT / DEVELOPER ALERT??.....HIGH INCOME POTENTIAL...........OVER 91K ANNUAL INCOME???ZONED FOR 12 UNITS PER ACRE??.??..RECENTLY RENOVATED???.?OVER A ACRE OF LAND??.?This property presents an excellent opportunity for investors looking to build there rental portfolio and developers seeking a highly profitable project. With zoning for up to 12 units per acre, it offers versatile options for potential development. The property currently boasts four single-family homes, three of which are already rented out and completely renovated, while the largest serves as the owner's residence. Benefiting from recent renovations and the high demand for rentals in the area, this property forecasts an impressive annual income exceeding $91,800, with the potential to achieve $7,650 in monthly rental revenue. After accounting for expenses, the property's remarkable??? Pro forma Cap Rate 9.67% further enhances its appeal. Moreover, the expansive over one-acre land parcel enjoys the added advantage of opportunity zoning, unlocking even more development potential. Don't let this lucrative opportunity slip away. Reach out today to explore the full potential of this property and how it can significantly benefit your investment portfolio.

Location

State FL

County Hillsborough

Community Unplatted

Zoning RDC-12

Rooms

Other Rooms Family Room, Storage Rooms

Interior

Heating Central

Cooling Central Air, Mini-Split Unit(s)

Flooring Bamboo, Luxury Vinyl, Tile, Wood

Laundry Inside, Laundry Closet, Laundry Room

Exterior

Exterior Feature Lighting, Private Mailbox, Storage

Garage Driveway, Ground Level, Guest, Open, Oversized, Parking Pad

Community Features None

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Propane, Sewer Available, Water Available

Waterfront false

View City, Trees/Woods

Roof Type Metal, Shingle

Building

Lot Description Level, Private, Paved

Foundation Concrete Perimeter, Crawlspace, Slab

Sewer Septic Tank

Water Well

Structure Type Block, HardiPlank Type, Stucco, Vinyl Siding, Wood Frame

New Construction false

Schools

Elementary Schools Palm River-Hb

Middle Schools Giunta Middle-Hb

High Schools Blake-Hb

Others

Acceptable Financing Cash, Conventional, FHA, Other

Listing Terms Cash, Conventional, FHA, Other

Special Listing Condition None

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Stellar MLS
Listed by KELLER WILLIAMS ON THE WATER
Bought with QUICKSILVER REAL ESTATE GROUP
agent-avatar

+1(941) 708-3555

ron@teampepka.com

1201 6th Avenue West # 300, Bradenton, FL, 34205, United States

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