Located in emerging Seminole Heights and Ybor area off N. 34th Street on E. 26th Ave. A few blocks east of South Seminole Heights. Very convenient to I-275 And I-4, Downtown Tampa, Channelside etc! SELLER FINANCE AVAILABLE ON THIS MULTIFAMILY INCOME PRODUCING INVESTMENT! ALSO, LOCATED IN DESIGNATED OPPORTUNITY ZONE. 8.4% CAP AND ROOM FOR RENT UPSIDE UPON LEASE RENEWALS! This multifamily property consists of 2 adjacent duplexes, 1458 SF each building for a total of 2,916 SF. Located in the emerging Seminole Heights/Ybor Area, easily accessible to major arterial roadways, conveniently located blocks North of I-4 and E of I-275. 4 units with annual leases, with opportunity to raise rents. All units are 2 bedroom/1 bath. In-unit Laundry connections. Current owner has renovated each unit as leases have turned over, and is updating final unit now, so this unit is being kept unoccupied and available to be shown. Leases renew again in May 2021. **TENANTS PAY RENT ON TIME AND ALL HAVE REMAINED CURRENT DURING COVID** Rents were not increased at renewal during Covid, but can be increased upon next renewals in May. Granite, Tile throughout (no carpeting), new cabinets. Building 2914 roof was re-roofed in 2015. Although owner has updated units, there are additional upgrades that can be made to further increase rental rates. With a very modest rent renewal increase from current rent to only $800 per unit, this would produce a CAP rate of 9.3%. Lot is 9, 500 SF, with paved parking in front of Buildings. Located in emerging Seminole Heights and Ybor area off N. 34th Street on E. 26th Ave. A few blocks east of South Seminole Heights. Very convenient to I-275 And I-4, Downtown Tampa, Channelside etc! BYPASS THE BANK, WITH FLEXIBLE SELLER FINANCE AVAILABLE! LOCATED IN DESIGNATED OPPORTUNITY ZONE. Seller finance terms are negotiable: Apx 25% down, apx. 5% interest, and the term and balloon is negotiable.
