9422, 9424, 9426, 9428 north 50th street, Tampa FL 33617 / 16 Units in Tampa Fl
For Sale
$2,000,000
Property Highlights
| Price | $2,000,000 | Price Per Unit | $125,000 |
| Price Per SF | $153.94 | No. Stories | 2 |
| Sale Type | Amortized | Year Built | 1982 |
| Sale Conditions | Conventional | Occupancy | 95.00% |
| Property Type | Multi Family | Year Renovated | 2020 |
| Property Subtype | Mixed Used | Total Units | 16 |
| Building Class | B | Cap Rate | 5.48% |
| Number of Buildings | 4 |
9422, 9424, 9426, 9428 north 50th street, Tampa FL 33617 / 16 Units in Tampa Fl
16 Units Apartment Complex consisting of 4 Quadruplex units with separate Tax ID numbers allowing Investors to inquire Residential Finance to purchase and sell them separately in the future. This value add opportunity Multi- Family currently has 13 tenants. Seller will complete the Landscaping and Parking Lots before the closing also rest of the 3 units will be occupied at $1100 and sold at 100% Occupancy. Electric meters are separated and each Quads has separate water meters not each units, currently tenants pays their own electric and water+sewer included in rent, new Owners have opportunity to exclude water(each Quads) and increase the cash flow. Seller replaced the roofs of the buildings and major renovations completed inside the units, Each units has washer&dryers and Central AC system. Property located in highly traffic retail corridor walking distance to Convenience stores, service stations, minutes away from shopping centers and high demand rental location.
Ozan Cifci
Listing Agent