Property Description
SELLER FINANCING OPTION!!! Located in the heart of Palma Ceia, Esperanza Flats features four apartment units each with a two-bedroom / one-bathroom floorplan. Currently 100% occupied, the two-story boutique building is located on a prime corner lot and includes off-street tenant parking, upgraded landscaping, and bike storage. Tenant leases are structured with one-year durations and include utility reimbursement. The property has historically maintained 100% occupancy due to its prime location and high-quality unit interiors. Completed in 2018, the current owner undertook a substantial renovation to bring the property in-line with the surrounding luxury home aesthetic. Renovations included interior and exterior upgrades that differentiate the properties and drive consistent tenant demand. While upgraded, unit interiors could be further improved and washer/ dryers can be added throughout the community as part of a value-add strategy to capture even higher rents. In addition to the renovation, Esperanza Flats has just completed a TPO reroof. Palma Ceia is amongst the most sought-after neighborhoods in the Tampa MSA. With easy access to luxury retail and dining amenities in Hyde Park Village, proximity to picturesque Bayshore Boulevard, and direct connections to downtown Tampa’s demand generators. Over the last decade, Palma Ceia has transformed into an attractive retail destination filled with independent and boutique retailers lining Bay to Bay Boulevard, two blocks north of Esperanza Flats. The submarket has experienced substantial luxury condominium development, including the 182-unit Ritz Carlton project that began construction in 2021 with sales prices starting at $1.7M. To complement the project, Related Group/Ritz-Carlton has plans to add a dog park, swings and pedestrian walkway under the Expressway overpass which will be a great tenant amenity. This capital commitment adds to the billions of dollars of construction within the area spearheaded by Bill Gates and Jeff Vinik.
Features
Heating System:
Central
Cooling System:
Central Air
Parking:
Off Street
Exterior Features:
Sidewalk
Flooring:
Tile, Vinyl
Interior Features:
Open Floorplan, Window Treatments, Solid Surface Counters
Laundry Features:
Laundry Room, Outside
Sewer:
Public Sewer
Utilities:
Public, Sewer Connected, Water Connected
Appliances
Appliances:
Range, Refrigerator
Address Map
Country:
US
State:
FL
County:
Hillsborough
City:
Tampa
Subdivision:
PALMA CEIA PARK A RESUB OF BLO
Zipcode:
33629
Street:
ESPERANZA
Street Number:
3107
Street Suffix:
AVENUE
Longitude:
W83° 30' 16.1''
Latitude:
N27° 55' 4.3''
Directions:
From Bay to Bay Boulevard turn South onto S Ferdinand Avenue. Proceed three blocks South and turn left onto W San Pedro St. The property is located on the NW corner of San Pedro St and S Esperanza Ave.
Mls Area Major:
33629 - Tampa / Palma Ceia
Street Dir Prefix:
S
Zoning:
RM-16
Neighborhood
Elementary School:
Roosevelt-HB
High School:
Plant-HB
Middle School:
Coleman-HB
Additional Information
Lot Size Dimensions:
50x100
Water Source:
Public
Previous Price:
1400000
On Market Date:
2023-01-18
Number Of Units Total:
4
Lot Features:
Sidewalk, Corner Lot, Landscaped
Levels:
Two
Foundation Details:
Crawlspace
Construction Materials:
Concrete, Wood Frame, Brick
Financial
Tax Annual Amount:
10346.63
Listing Information
List Agent Mls Id:
261200277
List Office Mls Id:
261011583
Listing Term:
Private Financing Available
Mls Status:
Sold
Modification Timestamp:
2023-08-17T18:00:08Z
Originating System Name:
Stellar
Special Listing Conditions:
None
Status Change Timestamp:
2023-08-17T17:59:59Z

Residential Income For Sale

3107 S Esperanza Avenue, Tampa, Florida 33629

8 Bedrooms
4 Bathrooms
3,472 Sqft
$1,350,000
Listing ID #O6084314
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Listing ID :
O6084314
Price :
$1,350,000
Bedrooms :
8
Bathrooms :
4
Square Footage :
3,472 Sqft
Year Built :
1925
Lot Area :
0.11 Acre
Property Sub Type :
Quadruplex
Roof:
Membrane
Contact Agent

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