Property Description
Unlock the Door to this Lucrative Block Duplex: Immerse yourself in the promise of substantial and consistent cash flow with an impressive average rental income of $1,695 per month per unit. One unit is already occupied by reliable tenants, and the second is currently vacant, awaiting its next future tenant. Each of the spacious 3-bedroom, 2-bathroom apartments is designed for optimal comfort, featuring an open floorplan, galley style kitchen, in-unit laundry room, and a main bedroom with an ensuite bath, along with two generously sized additional bedrooms. INVESTMENT UPGRADES: Both units have been renovated with new flooring throughout, kitchen and baths, updated paint and fixtures, newer roof, totaling over $50,000 in improvements. The neutral gray color palate adds a touch of sophistication, ensuring your investment stands out in style. RAPID APPERICATION: Capitalize on a remarkable 24% increase in rents in less than 2 years. The seller has not just renovated units but strategically cleared out non-paying tenants, bringing in new, long-term occupants to ensure stability. TENANT PAID UTILITIES & SEPARATE METERS: Watch your investment flourish as tenants contribute $70-$75 each for water/trash in addition to rents. With separate electrical meters, the financial burden shifts to the tenant, ensuring your profits stay intact. Strategic Location, Strategic Investment: This is more than just real estate; while new construction homes are being built across the street this is a strategic investment opportunity nestled in the thriving heart of Tampa. Positioned near major retail giants such as Home Depot, Lowe’s, Walmart, and other bustling stores, the potential for increased returns is not just evident but undeniable. Seize the Chance: You can purchase this duplex individually or acquire not one, not two, but THREE contiguous block duplexes, forming a solid block of SIX income-producing units. (3402, 3404,3406 Phillips St.) for a package deal of $1.4M. Act swiftly and make this sound investment yours.
Features
Heating System:
Central
Cooling System:
Central Air
Exterior Features:
Other
Interior Features:
Ceiling Fans(s), Open Floorplan, Living Room/Dining Room Combo, Stone Counters, Solid Wood Cabinets
Laundry Features:
Inside
Sewer:
Public Sewer
Utilities:
Cable Available, Electricity Available, Sewer Connected, Water Connected, BB/HS Internet Available
Appliances
Appliances:
Range, Refrigerator
Address Map
Country:
US
State:
FL
County:
Hillsborough
City:
Tampa
Subdivision:
GRANT PARK
Zipcode:
33619
Street:
PHILLIPS
Street Number:
3404
Street Suffix:
STREET
Longitude:
W83° 36' 1.5''
Latitude:
N27° 58' 28.1''
Directions:
Travel on i4 east, take exit 3 (Columbus dr) , left into 50th st , right at e. 26th ave , left at n phillips st, corner Lot first property on your left , 3 duplexes In a row.
Mls Area Major:
33619 - Tampa / Palm River / Progress Village
Zoning:
RM-16
Additional Information
Lot Size Dimensions:
52X112
Water Source:
Public
Virtual Tour:
https://www.propertypanorama.com/instaview/stellar/T3503093
On Market Date:
2024-02-13
Number Of Units Total:
2
Levels:
One
Foundation Details:
Slab, Block
Construction Materials:
Block, Concrete, Stucco
Financial
Tax Annual Amount:
4074
Listing Information
List Agent Mls Id:
261548850
List Office Mls Id:
781263
Listing Term:
Cash,Conventional,FHA,VA Loan
Mls Status:
Canceled
Modification Timestamp:
2024-04-03T04:32:08Z
Originating System Name:
Stellar
Special Listing Conditions:
None
Status Change Timestamp:
2024-04-03T04:30:23Z

Residential Income For Sale

3404 Phillips Street, Tampa, Florida 33619

6 Bedrooms
4 Bathrooms
1,872 Sqft
$465,000
Listing ID #T3503093
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Listing ID :
T3503093
Price :
$465,000
Bedrooms :
6
Bathrooms :
4
Square Footage :
1,872 Sqft
Year Built :
1989
Lot Area :
0.13 Acre
Property Sub Type :
Duplex
Roof:
Shingle
Contact Agent

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