PRIME LOCATION – INVESTOR ALLERT!! Excellent opportunity to own a MULTI-FAMILY property in the heart of Tampa Bay! This offering includes a DUPLEX (1,458 sq ft) and a TRIPLEX (2,187 sq ft) situated on nearly 1-ACRE, right off bustling Florida Ave, just south of Fletcher. This 3,645-square-foot property features five 2BR/1BA units, each 729 sq ft, built with sturdy concrete BLOCK construction, central AC, and NEW SHINGLE ROOFS. Tenants pay all utilities with separate meters aside from a shared water meter. Each unit is in good condition, having been updated a few years ago with wood-look standard tile flooring. Most units feature stainless steel appliances and quality cabinetry in the kitchens and bathrooms. Parking is available for each unit. All units are occupied by month-to-month tenants with below-market rents, providing an excellent opportunity for rental INCOME GROWTH. Plus, with no HOA, there's flexibility for future development! The existing structures are located at the back of the lot, leaving room to potentially BUILD ADDITIONAL UNITS at the front. Located minutes from downtown Tampa, International Mall, MacDill Air Force Base, I-275, shopping, dining, and more! Please do not visit the property or disturb the tenants. Don’t miss out on this fantastic investment opportunity!
Property Details
Property Features
Property Information:
Year Built: 1984
Living Area: 3,645 SqFt
Listing Office:
Office Name: BHHS FLORIDA PROPERTIES GROUP
Office Phone: (813) 933-1761
Listing Agent: Duncan Anderson
Interior Features
Interior Information:
Appliances: Range, Refrigerator
Flooring Type: Ceramic Tile, Tile
Interior: Ceiling Fans(s), Open Floorplan, Window Treatments
This property is $750.2K more than the Median Sold Price and $48/SqFt more than other homes in Tampa, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MFRMLS
MLS Number: #TB8317229
Listing Office:
Office Name: BHHS FLORIDA PROPERTIES GROUP
Office Phone: (813) 933-1761
Listing Agent: Duncan Anderson
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$5,649
$364,818
2018
$4,349
$229,002
2017
$4,040
$210,713
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Frank D. Miles Elementary School
317 E 124th Ave
Distance between this listing and this school0.54 miles
Public District Grades KG-5
5
/10
Lake Magdalene School
2002 Pine Lake Dr
Distance between this listing and this school1.22 miles
Public District Grades PK-5
2
/10
Shaw Elementary School
11311 N 15th St
Distance between this listing and this school1.54 miles
Public District Grades PK-5
Nearby Schools
2
/10
Buchanan Middle School
1001 W Bearss Ave
Distance between this listing and this school1.65 miles
Public District Grades 6-8
2
/10
Adams Middle School
10201 N Boulevard
Distance between this listing and this school1.68 miles
Public District Grades 6-8
2
/10
Excelsior Preparatory Charter School
2156 University Square Mall Unit 260
Distance between this listing and this school1.72 miles
Public Charter Grades KG-8
Nearby Schools
7
/10
Brooks Debartolo Collegiate High School
10948 N Central Ave
Distance between this listing and this school1.26 miles
Public Charter Grades 9-12
1
/10
West University Charter High School
11602 N 15th St
Distance between this listing and this school1.34 miles
Public Charter Grades 9-12
2
/10
Bowers-Whitley Career Center
13609 N 22nd St
Distance between this listing and this school1.81 miles
The neighbors living near this home have an average income of $38,529. The most common annual income of people living in Tampa, FL is between $35k-100k. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
This home is located at 109 W 131st Ave in Tampa, FL and zip code 33612 in the North Tampa neighborhood. This 3,645 square foot home, which was built in 1984, sits on a 0.98 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since November 09, 2024 and is currently priced at $1,175,000.
Over 80 listings were sold over their listed price in October 2024 in Tampa, FL. In the same period over 349 listings were sold below the listed price and 116 listings were sold for the listed price. The inventory of homes for sale in Tampa, FL between September 2024 and October 2024 decreased by 0.6%. In October 2024 median list price was $424,741 and the average listing age was 53 days.
From Rocket Homes Real Estate and based on county public records data.