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8114 N 11TH ST, TAMPA, 33604

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property details

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list price :
$175,000
style :
Duplex
beds:
baths:
Full
year built:
1922
total sqft:
1,500
sqft heated:
1,457
lp / sqft:
$120.11
pool:
No Information
total acreage:
Up to 10889 SQFT
garage / carport:
N/A
subdivision:
SULPHUR SPGS ADD
location:
county:

INVESTOR ALERT, TAMPA is booming! This beautiful property is located in the up & coming Sulphur Springs neighborhood: which is ten minutes from the heart of Downtown Tampa, fifteen minutes from the airport, and half a mile from the Interstate: LOCATION, LOCATION, LOCATION. The building is a legal duplex, consisting of a 962 square foot 3 bedroom 1 bathroom main home unit and a 391 square foot 1 bedroom/1 bathroom second unit. Both units are currently rented: the 3/1 unit is rented for $1242 and the 1/1 is rented for $660. The 3/1 and the 1/1 are rented long-term. What does this mean for an investor? You can rent out both units and secure a 12-13% GROSS annual return on investment. Returns even get better with a 20% down payment of $35,000: you would have a mortgage payment of approximately $950 including taxes and insurance. With rent of $1902 a month, that is $950 in monthly CASH FLOW, or $11,400 in YEARLY CASH FLOW, equal to a 32% CASH ON CASH RETURN ON YOUR ORIGINAL INVESTMENT. The home has new everything! Building has new roof and both units have new kitchen and granite countertops! The main unit has has new central AC, flooring, washer and dryer hook up as well. This opportunity will NOT LAST!!

Contact agent or request a showing.