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$405,000
$435,000
6.9%For more information regarding the value of a property, please contact us for a free consultation.
3,008 SqFt
SOLD DATE : 03/27/2020
Key Details
Sold Price $405,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,008 sqft
Price per Sqft $134
Subdivision Fern Cliff
MLS Listing ID T3191227
Sold Date 03/27/20
Construction Status Appraisal
HOA Y/N No
Year Built 1985
Annual Tax Amount $4,800
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 55x171
Property Description
BY APPOINTMENT ONLY. PLEASE DO NOT DISTURB TENANTS, PARK OR WALK ON PROPERTY!!! Excellent income opportunity two adjacent duplexes (includes adjacent property - 1637 E Mulberry Folio #150079-0100) Located on a beautiful Hillsborough Riverside Lots, with excellent river frontage and uninterrupted boating to Tampa Bay and Gulf of Mexico.
Recently updated consisting of total of 4 units - 2 Bedrooms, 1 Bathroom each. Private paved parking for 4 cars each unit. Attainable gross income in excess of $4050 per month $45,600 per annum Affording a cap rate return of 8.5%. Expected rent $1,000-$1,050. Pro-forma statement available upon request. Units were previously purchased individually and are now being sold as a complete package. With the growth of demand in the neighborhood these lots are in high demand
Long successful rental records three units currently occupied one being refurbished for rental. Units have grandfathered multi-family status one unit carries additional rental certification and rental compliance with section 8 housing making excellent investment potential for owner to live on site or manage remotely.
Location
State FL
County Hillsborough
Community Fern Cliff
Zoning RS-50
Interior
Interior Features Eat-in Kitchen
Heating Central, Electric
Cooling Central Air
Flooring Ceramic Tile
Fireplace false
Appliance Freezer
Laundry Inside
Exterior
Exterior Feature Fence, Rain Gutters, Sliding Doors
Parking Features Assigned, Boat, None
Community Features Sidewalks
Utilities Available Cable Available, Public
Waterfront Description River Front
View Y/N 1
Water Access 1
Water Access Desc River
View Park/Greenbelt, Water
Roof Type Metal
Garage false
Private Pool No
Building
Lot Description Paved
Lot Size Range Up to 10,889 Sq. Ft.
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Appraisal
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Private Financing Available
Membership Fee Required None
Listing Terms Cash, Conventional, Private Financing Available
Special Listing Condition None
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Bought with COASTAL PROPERTIES GROUP