$720,000
$750,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
2,582 SqFt
SOLD DATE : 01/11/2024
Key Details
Sold Price $720,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,582 sqft
Price per Sqft $278
Subdivision Pinecrest
MLS Listing ID T3460056
Sold Date 01/11/24
Construction Status Appraisal,Financing,Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1918
Annual Tax Amount $1,795
Lot Size 6,969 Sqft
Acres 0.16
Property Description
Welcome to a unique real estate gem that offers the perfect blend of comfort and opportunity! This distinguished property, comprising of a duplex and a single-family home on one extensive lot, is an investor's dream and an owner's delight.
The duplex, designated as Unit A and B, is currently accommodating residents at $1,700 and $1,949 respectively. Yet, the real charm lies in its potential. With minor adjustments, the rent could elevate to a remarkable range of $2,200 - $2,400 per unit, unlocking unprecedented value and income.
Unit A, with its open-plan layout and cozy ambience, offers residents a delightful living experience. Simultaneously, Unit B enchants with its spacious interiors and modern amenities.
But wait, the offerings don't stop there! An enchanting single-family home nestles on the same lot, currently fetching $1,400 in rent. A minimal investment in updating the kitchen, bathroom, and flooring could skyrocket the income to an impressive $2,400, making it an irresistible prospect.
Currently, this property generates a gross income of $59,964. However, with the right attention, the turnkey expected gross income could surge to $75,600. Moreover, with updates, this number could further rise to a whopping $87,600.
So why wait? Experience the joy of living in a charming home while the other units contribute to your wealth. This property is a manifestation of the phrase 'the best of both worlds.' Indulge in the comfort of a warm home and rejoice in the consistent stream of passive income it provides.
***LOCATION HIGHLIGHTS***
Convenient to Over 74,000 Jobs & 4,100 Companies Including Major Employers and attractions such as the University of South Florida, Busch Gardens, Yuengling Brewing Company, and Adventure Island.
Located in Close Proximity to Over $2 Billion in New Developments Including the $1 Billion “Uptown” University Mall Redevelopment, the $256 Million Advent Health Expansion Development, the $400 Million Moffitt Cancer Center Development, and the Yuengling Brewery Campus Expansion Development.
Location
State FL
County Hillsborough
Community Pinecrest
Zoning SH-RS
Interior
Interior Features Other
Heating Central
Cooling Central Air
Fireplace false
Exterior
Exterior Feature Fence
Utilities Available BB/HS Internet Available, Cable Connected, Electricity Connected, Fiber Optics, Fire Hydrant, Public
Waterfront false
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level One
Foundation Block, Crawlspace, Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Stucco,Wood Frame
New Construction false
Construction Status Appraisal,Financing,Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition None
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Bought with IMPACT REALTY TAMPA BAY
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5425 Golden Gate Pkwy, Naples, FL, 34116, United States