Property Description
Welcome to the Prime DUPLEXES at 3402, 3404, and 3406 N Phillips St, Tampa, FL 33619 – an Unbeatable Investment Package! Key Features that Set this Investment Apart: TRIPLE BLOCK DUPLEXES. Acquire not one, not two, but THREE contiguous block duplexes, forming a solid block of SIX income-producing units. HIGH OCCUPANCY: Currently, 5 out of 6 units are leased, ensuring a steady and reliable income stream from day one. LUCRATIVE RENTAL INCOME: With an impressive average rental income of $1,695 per month per unit, this investment promises substantial and consistent cash flow.WELL DESIGNED LAYOUTS: Each apartment boasts a spacious 3-bedroom, 2-bathroom layout, catering to the modern tenant’s needs.RECENT RENOVATIONS: Witness the value-added enhancements, including newer roofs, and fresh exterior paint. 4 of the 6 units have been upgraded with new flooring, kitchen, baths and more – totalling $100,000 in improvements. These renovations not only enhance the property’s appeal but also contribute to long-term durability and value. RAPID APPRECIATION:Rents have already increased by a remarkable 24% in less than 2 years, showcasing the potential for significant appreciation.STABLE TENANT BASE: We’ve strategically cleared out non-paying tenants and secured new, long-term occupants for increased stability. FUTURE POTENTIAL: This property is ripe for the savvy investor willing to secure higher rents and guaranteed payments using Gov’t programs. Seize the opportunity to tap into this additional income stream! TENANT-PAID UTILITIES: Tenants contribute $70-$75 each for water/trash in addition to rent, ensuring minimal overhead for the savvy investor.SOLID FINANCIALS: Enjoy an annual rent of $112,387, with an 8% vacancy discount, and separate electrical meters – tenants foot the bill! This meticulously curated portfolio of income-producing properties can be yours as a package deal for $1.4M or individually. Don’t miss out on the chance to secure a sound and lucrative investment in the dynamic real estate market. Your future prosperity awaits! Contact us now to seize this golden opportunity!
Features
: Central
: Central Air
: Other
: Ceiling Fans(s)
: Inside
: Public Sewer
: Electricity Connected, Sewer Connected, Water Connected, BB/HS Internet Available
Address Map
US
FL
Hillsborough
Tampa
GRANT PARK
33619
PHILLIPS
3404
STREET
W83° 36' 1.5''
N27° 58' 28.1''
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.
33619 - Tampa / Palm River / Progress Village
A-F
RM-16
Additional Information
150x113
: Public
https://www.propertypanorama.com/instaview/stellar/T3503111
2024-02-14
6
: Corner Lot
: One
: Slab
: Block, Concrete, Stucco
Financial
4074
Listing Information
261548850
781263
Cash,Conventional,FHA,VA Loan
Sold
2024-05-01T15:57:10Z
Stellar
: None
2024-04-02T13:39:27Z

Residential Income For Sale

3404 Phillips Street #A-F, Tampa, Florida 33619

18 Bedrooms
12 Bathrooms
6,048 Sqft
$1,400,000
Listing ID #T3503111
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : T3503111
Price : $1,400,000
Bedrooms : 18
Bathrooms : 12
Square Footage : 6,048 Sqft
Year Built : 1989
Lot Area : 0.13 Acre
Property Sub Type : Multi-Family
Roof : Shingle
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