Under contract-accepting backup offers. 2 COMPLETELY RENOVATED duplexes on one lot, OFFERING A 8%+ CAP RATE, right off 275 Hwy and 41 N Florida Ave (numerous commercial and restaurant options), just 10 minutes off downtown Tampa as well as USF. The property will soon be generating $86,400/yr in income, but would also be a FANTASTIC AIRBNB OPPORTUNITY to push this income higher (see description below for proximity to major Tampa Bay sites/attractions). NO HOA and NO FLOOD INSURANCE REQUIRED. The properties have the following units and leases (total 7 beds and 5 bathrooms)…1 bed/ 1 bath studio at $1,300/month, lease ending 9/1/2024…1 bed, 1 bath at $1,650/month, lease ending 5/1/2025…3 bed, 2 bath at $2,250/month, lease ends 3/1/2025…2 bed, 1 bath JUST LISTED FOR RENT at $2,000/month and should have a tenant soon.
The properties have SEPARATE METERS AND SEPARATE WASHER/DRYER for ALL UNITS as well as 4 parking stalls, 2 parking spots behind a fence with gate and significant street parking. The properties also have a NEW ROOF, HVACs (mini-splits on 2 units for affordability), ELECTRICAL, PLUMBING (including new water heaters), and were fully renovated inside and out. Renovations include new laminate flooring in 3 of the units, paint inside and out, washer and dryer for all units, extended parking pads, trees trimmed; the kitchens have quartz countertops throughout, new cabinets, and new appliances; the bathrooms have tiled showers with new vanities. The properties are located in a gentrified section just north of DOWNTOWN (about 10 minutes), down the street from TGT POKER AND RACEBOOK FACILITY (soon to be redeveloped), 15 minutes from AMALIE ARENA, HISTORIC YBOR, the TAMPA RIVERWALK, and RAYMOND JAMES STADIUM. The value in the area is increasing at an above-average rate. The street they are located on has predominantly renovated single-family housing and a few other multi-family homes.
The properties have SEPARATE METERS AND SEPARATE WASHER/DRYER for ALL UNITS as well as 4 parking stalls, 2 parking spots behind a fence with gate and significant street parking. The properties also have a NEW ROOF, HVACs (mini-splits on 2 units for affordability), ELECTRICAL, PLUMBING (including new water heaters), and were fully renovated inside and out. Renovations include new laminate flooring in 3 of the units, paint inside and out, washer and dryer for all units, extended parking pads, trees trimmed; the kitchens have quartz countertops throughout, new cabinets, and new appliances; the bathrooms have tiled showers with new vanities. The properties are located in a gentrified section just north of DOWNTOWN (about 10 minutes), down the street from TGT POKER AND RACEBOOK FACILITY (soon to be redeveloped), 15 minutes from AMALIE ARENA, HISTORIC YBOR, the TAMPA RIVERWALK, and RAYMOND JAMES STADIUM. The value in the area is increasing at an above-average rate. The street they are located on has predominantly renovated single-family housing and a few other multi-family homes.
Property Details
Price:
$924,990
MLS #:
T3541655
Status:
Pending
Beds:
7
Baths:
5
Address:
1024 E CRENSHAW STREET
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
EVELYN CITY
City:
TAMPA
Listed Date:
Jul 15, 2024
State:
FL
Finished Sq Ft:
3,696
ZIP:
33604
Lot Size:
5,300 sqft / 0.12 acres (approx)
Year Built:
1937
Units:
4
Schools
Elementary School:
Foster-HB
Middle School:
Sligh-HB
High School:
Chamberlain-HB
Interior
Cooling
Central Air
Heating
Central
Laundry Features
In Garage, Inside
Exterior
Construction Materials
Wood Frame
Exterior Features
Balcony
Roof
Metal, Shingle
Financial
Tax Year
2023
Taxes
$6,335
Map
Community
- Address1024 E CRENSHAW STREET TAMPA FL
- CityTAMPA
- CountyHillsborough
- Zip Code33604
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Courtesy of MCBRIDE KELLY & ASSOCIATES. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved.
1024 E CRENSHAW STREET
TAMPA, FL
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