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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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Bought with (813) 833-4396 VINE REAL ESTATE ADVISORS