Tampa, FL 33619,7512 E 21ST AVE
Tampa, FL 33619,7512 E 21ST AVE
Tampa, FL 33619,7512 E 21ST AVE
$305,000
Est. payment /mo
$315,000
3.2%
Est.Price: ?

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2,030 SqFt
SOLD DATE : 09/21/2021

Key Details

Sold Price $305,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,030 sqft

Price per Sqft $150

Subdivision Tampa Tourist Club

MLS Listing ID U8126991

Sold Date 09/21/21

Construction Status Inspections

HOA Y/N No

Year Built 1930

Annual Tax Amount $2,219

Lot Size 0.280 Acres

Acres 0.28

Lot Dimensions 300x40

Property Description

Massive Price Reduction & the capitalization rate on the duplex speaks volumes. Excellent cash flowing property with long term tenants in place. There are 2 separate buildings providing a 4BR/2BA, a 2BR/1.5BA duplex and a partially finished garage conversion. Seller is offering property at 9.67% Gross Cap Rate based on new list price with conversion the rate of return can be above 12%. There is plenty of room to maximize your margins. Investors take note as Seller says make it a Win-Win by offering below current market value based on GRM Analysis (attached). Best of all, the Seller did not just purchase and let the tenants pay rent. The Capital Improvements are endless meaning your needed contributions are minimal and cosmetic. Improvements include a New Roof (2018, 2021), New Cabinetry (2018), New Electrical Panel (2018, New A/C Unit (2018), New Flooring (2020), New Bathroom Vanities (2018, 2020)as well as New(2021) Windows, Doors, Siding and Roof on conversion. Everything on the exterior of conversion has been done. This property just makes sense as it is zoned RDC-12 meaning up to 12 units per acre. Better still, the property is surrounded by single family homes which shows in the upkeep of the neighborhood and is within five to fifteen minutes of varying area attractions such as downtown Ybor, TIA or MacDill AFB. Please do not disturb tenants. Leases are available upon request. Property is being sold As-Is.

Location

State FL

County Hillsborough

Community Tampa Tourist Club

Zoning RDC-12

Interior

Interior Features Kitchen/Family Room Combo, L Dining, Other

Heating Central, Wall Units / Window Unit

Cooling Central Air, Wall/Window Unit(s)

Flooring Carpet, Tile

Furnishings Unfurnished

Fireplace false

Appliance Range, Refrigerator

Exterior

Exterior Feature Fence, Lighting, Sidewalk

Garage Spaces 2.0

Utilities Available Public

Roof Type Shingle

Attached Garage false

Garage true

Private Pool No

Building

Lot Description Corner Lot, City Limits, In County, Level, Oversized Lot, Sidewalk, Paved

Entry Level Two

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block,Vinyl Siding,Wood Frame

New Construction false

Construction Status Inspections

Schools

Elementary Schools Kenly-Hb

Middle Schools Mann-Hb

High Schools Blake-Hb

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by IMPACT REALTY TAMPA BAY
Bought with PINEYWOODS REALTY LLC

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agent

Ruben Orozco

+1(407) 928-5466

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