6602 and 6604 S JUANITA ST, Tampa, FL 33616 – T3304083

$700,000

$749,000

6.5%

Est.Price: ?

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Est. payment -/mo

3,456 SqFt

SOLD DATE : 06/28/2021

Key Details

Sold Price $700,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,456 sqft

Price per Sqft $202

Subdivision West Port

MLS Listing ID T3304083

Sold Date 06/28/21

HOA Y/N No

Year Built 1983

Annual Tax Amount $6,929

Lot Size 10,454 Sqft

Acres 0.24

Property Description

New roof and completely renovated unit leased at market rate! VALUE ADD PROPERTY. Excellent income opportunity 2 duplex buildings in the heart of South Tampa! All units are very easily rentable as in highly desirable area in growing Port Tampa; close to Westshore Yacht Club and Westshore Marina District. 3 of the tenants are long-standing tenants with more dated apartments, so room to maximize rents
and create more value. Each unit has a large 1,700 sq ft garage. There may even be opportunity to convert these into more apartments.

Tenants pay for water, sewer, electricity and garbage. Current contracted gross rental income is $54,000/year. Attainable gross rents of $67,200/year, based on increasing tenants to market rent of $1400/month. This affords a cap rate of 7% at a pro forma NOI of $52,008/year. See attached Pro Forma and Rent Roll. DO NOT DISTURB TENANTS.

Location

State FL

County Hillsborough

Community West Port

Zoning RM-16

Interior

Heating Central

Cooling Central Air

Flooring Ceramic Tile, Vinyl

Fireplace false

Appliance Range

Laundry Laundry Closet

Exterior

Exterior Feature Awning(s), Balcony

Parking Features Parking Pad

Garage Spaces 4.0

Utilities Available Cable Connected, Public

Roof Type Shingle

Porch Covered

Attached Garage true

Garage true

Private Pool No

Building

Lot Description Cul-De-Sac, Street Dead-End

Entry Level Two

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Schools

Elementary Schools West Shore-Hb

Middle Schools Monroe-Hb

High Schools Robinson-Hb

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Submit

Rosemond Noel

listwithrosemond@gmail.com +1(239) 200-3619

Our team is ready to help you sell your home for the highest possible price ASAP

Listed by HIGHMARK REAL ESTATE
Bought with REAL BROKER LLC

Rosemond Noel

Agent | License ID: SL3480275

+1(239) 200-3619 | listwithrosemond@gmail.com