1024 E CRENSHAW STREET TAMPA FL 33604 MLS #T3541655

1024 E CRENSHAW STREET
TAMPA, FL, 33604
$924,990
7 Beds
5 Baths
3,696 SqFt
0.12 Acres
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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.

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
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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

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1024 E CRENSHAW STREET
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