Tampa, FL 33606,403 S ALBANY AVE ##1-3
Tampa, FL 33606,403 S ALBANY AVE ##1-3
Tampa, FL 33606,403 S ALBANY AVE ##1-3
$1,025,000
Est. payment /mo
$1,250,000
18.0%
Est.Price: ?

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2,891 SqFt
SOLD DATE : 12/28/2021

Key Details

Sold Price $1,025,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,891 sqft

Price per Sqft $354

Subdivision Tibbetts

MLS Listing ID T3326367

Sold Date 12/28/21

Construction Status No Contingency

HOA Y/N No

Year Built 1924

Annual Tax Amount $8,794

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 51x126

Property Description

Location, location, location! This fully leased multifamily Hyde Park income-producing property is waiting for new owners! This property is steps away from all that Howard avenue and Hyde Park Village has to offer. The main house is a 3 bedroom / 1 bathroom 1,451 sq ft classic bungalow that has been fully restored over the years to keep to its historic charm and adding modern finishes. The prior updates and improvements include a large remodel in 2020 with new luxury vinyl flooring, full bathroom remodel, interior paint, hot water heater, HVAC (2019), and 30 year shingle roof (2011). The family room, dining room, and kitchen provide a large open floorplan. Current lease is MTM and rent is $2,750. Attainable rent is $4,500 / month. Built in 2017, behind the main house is a 2 story rental with two 1 bedroom / 1 bathroom apartments that are separately metered for electric and have independent laundry. These apartments are beautiful and have separate entrance from main house. These units currently rent for $1,400 and $1,500 per month. Attainable rents in the area are $1,650 / month. Total current rent roll offers gross income of $67,800 with attainable rents of $98,400. Ideal value-add opportunity for new owner by increasing rental rate with not much upfront money. Top-rated schools.

Location

State FL

County Hillsborough

Community Tibbetts

Zoning PD

Interior

Interior Features Ceiling Fans(s)

Heating Central

Cooling Central Air

Flooring Hardwood

Fireplaces Type Wood Burning

Fireplace true

Appliance Dishwasher, Range, Range Hood, Refrigerator

Laundry Laundry Room

Exterior

Exterior Feature Balcony, French Doors

Utilities Available Cable Connected

Roof Type Shingle

Porch Covered

Garage false

Private Pool No

Building

Entry Level Multi/Split

Foundation Crawlspace

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Wood Frame

New Construction false

Construction Status No Contingency

Schools

Elementary Schools Mitchell-Hb

Middle Schools Wilson-Hb

High Schools Plant-Hb

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by HIGHMARK REAL ESTATE
Bought with (813) 833-4396 VINE REAL ESTATE ADVISORS

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Anthony LaPorta

+1(941) 615-8474

REALTOR® | License ID: SL3506142

REALTOR® License ID: SL3506142

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