Property Description
Investment Revenue-Generating Duplex.
This block duplex promises a consistent cash flow, boasting an impressive average rental income of $1,695 per month per unit. Each of the spacious 3-bedroom, 2-bathroom apartments is thoughtfully 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. Currently occupied by reliable tenants, who also contribute $70-$75 for water/trash in addition to rent. With separate electrical meters, the financial responsibility shifts to the tenant, safeguarding your profits.
While these two units have not undergone full updates like others in this portfolio, the current tenants are paying market rate, leaving room for growth and value-added enhancements for future renovations.
Situated in a neighborhood witnessing new construction homes, this investment transcends typical real estate—it’s a strategic opportunity nestled in the thriving heart of Tampa. Close to 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.
*****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
- Flooring:
- Tile
- Interior Features:
- Ceiling Fans(s), Open Floorplan, Living Room/Dining Room Combo
- Laundry Features:
- Inside
- Sewer:
- Public Sewer
- Utilities:
- Cable Available, Electricity Available, Sewer Available, 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:
- 3402
- Street Suffix:
- STREET
- Longitude:
- W83° 36' 1.5''
- Latitude:
- N27° 58' 27.6''
- 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:
- 51x113
- Water Source:
- Public
- Virtual Tour:
- https://www.propertypanorama.com/instaview/stellar/T3503015
- On Market Date:
- 2024-02-13
- Number Of Units Total:
- 2
- Lot Features:
- Corner Lot
- 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
3402 Phillips Street, Tampa, Florida 33619
6 Bedrooms
4 Bathrooms
1,872 Sqft
$465,000
Listing ID #T3503015
Basic Details
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Listing ID :
- T3503015
- 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
