$213,000
$199,900
6.6%For more information regarding the value of a property, please contact us for a free consultation.
1401 COLLEGE PARK LN #A & B Tampa, FL 33612
1,920 SqFt
Key Details
Sold Price $213,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,920 sqft
Price per Sqft $110
Subdivision Hamners W E Homestead Acres
MLS Listing ID T3217641
Sold Date 03/06/20
Construction Status Appraisal,Financing
HOA Y/N No
Year Built 1965
Annual Tax Amount $1,113
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 63.5x104.5
Property Description
Cash flowing duplex with a central location to USF, 275, and the entire bay area. This property is leased with cash paying, clean respectful tenants. Both are long term tenants, leases have converted to month to month. One unit is paying $1000/month and the other unit is at $900/month. The owner pays a fixed water bill of $150/month for entire building. The property sits at the end of a cul-de-sac and has a good lot size and good interior sqft which brings in higher rents. 960 sqft per unit is much larger than the typical 750 sqft for the area. New flooring was done in one unit, outside painting of building and upgrades were applied as needed, the units are well maintained. Roof 11/2015 HVAC 2007 but one unit just fully rebuilt. Full pro-forma attached. Current cap rates: Gross 12% NET CAP 10.6% fully documented for the last full year! Increase just one unit rent to the current market rate and NET CAP RATE increases to 11.3%. Best deal on the market. Professional management in place and willing to continue if needed. Seller financing available with $60k down
Location
State FL
County Hillsborough
Community Hamners W E Homestead Acres
Zoning RMC-12
Rooms
Other Rooms Attic
Interior
Heating Electric
Cooling Central Air
Flooring Tile, Vinyl
Fireplace false
Appliance Electric Water Heater, Range, Refrigerator
Exterior
Exterior Feature Other
Utilities Available Electricity Available, Sewer Connected, Water Available
Waterfront false
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level Two
Foundation Slab
Lot Size Range Up to 10,889 Sq. Ft.
Sewer Public Sewer
Water Public
Structure Type Block,Brick
New Construction false
Construction Status Appraisal,Financing
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, Private Financing Available, VA Loan
Listing Terms Cash, Conventional, FHA, Private Financing Available, VA Loan
Special Listing Condition None
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Bought with KELLER WILLIAMS REALTY SOUTH TAMPA