1221 E 142nd Ave, Tampa, FL 33613 Available

  • $302,000
  • 6 beds
  • 3 baths
  • 2,157 sqft

6 bed 3 bath

​2157 sq ft

Built in 1966

Multi-family

This six-bedroom, three-bathroom duplex in North Tampa presents a solid opportunity to generate steady cash flow. The property conveniently sits near Interstate 275 and is just a few minutes from USF campus. Unit A is nearly 1200 square feet, consisting of three bedrooms and one bathroom. Unit B has three-bedrooms and two-bathrooms, spanning 997 square feet. The property features a huge backyard with total land covering over a quarter of an acre. Currently, zoned RMC-20, an additional unit could be added for increased future returns.

Both units are currently occupied by month-to-month tenants paying below market rents. Unit A collects $900 per month while Unit B generates $1000 per month. Market rent for a three-bedroom unit in this area, is approximately $1250 and Section 8 vouchers pay up to $1470 in this zip code (displayed in our pro forma).

The property features a seven-year-old roof and operates on a well system. Electric is separately metered and paid by the tenants. In 2020, the septic and drain field were replaced, and the current owner has also added new mini split AC units. To capture top dollar, we recommend a light rehab, including paint and new flooring, updates to the kitchen and bathrooms and some miscellaneous repairs.

Price:
$302,000
Address:
1221 E 142nd Ave
Tampa, FL 33613
Square Feet:
2,157
Bedrooms:
6
Bathrooms:
3
Terms:
Assignment of Contract
Property Type:
Multi-family
Year Built:
1966

Call (954) 998-3366 for more details

Property Location