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
Agent info
Contact Agent
