Compass Florida, Llc
This listing was posted on Compass Florida, Llc (via ListedBuy).
$465,000
3404 Phillips St, Tampa, FL 33619 - MLS T3503093
Price:
$465,000
BR/BA:
6 BR, 4 BA
Location:
3404 Phillips St, Tampa, FL
Description:
Unlock the Door to this Lucrative Block Duplex: Immerse yourself in the promise of substantial and consistent cash flow with an impressive average saleal income of $1,695 per month per unit. One unit is already occupied by reliable tenants, and the second is currently vacant, awaiting its next future tenant. Each of the spacious 3-bedroom, 2-bathroom apartments is designed for optimal comfort, featuring an open floorplan, galley style kitchen, in-unit laundry room, and a main bedroom with an ensuite bath, along with two generously sized additional bedrooms. INVESTMENT UPGRADES: Both units have been renovated with new flooring throughout, kitchen and baths, updated paint and fixtures, newer roof, totaling over $50,000 in improvements. The neutral gray color palate adds a touch of sophistication, ensuring your investment stands out in style. RAPID APPERICATION: Capitalize on a remarkable 24% increase in sales in less than 2 years. The seller has not just renovated units but strategically cleared out non-paying tenants, bringing in new, long-term occupants to ensure stability. TENANT PAID UTILITIES & SEPARATE METERS: Watch your investment flourish as tenants contribute $70-$75 each for water/trash in addition to sales. With separate electrical meters, the financial burden shifts to the tenant, ensuring your profits stay intact. Strategic Location, Strategic Investment: This is more than just real estate; while new construction homes are being built across the street this is a strategic investment opportunity nestled in the thriving heart of Tampa. Positioned near major retail giants such as Home Depot, Lowe's, Walmart, and other bustling stores, the potential for increased returns is not just evident but undeniable. Seize the Chance: You can purchase this duplex individually or acquire not one, not two, but THREE contiguous block duplexes, forming a solid block of SIX income-producing units. (3402, 3404,3406 Phillips St. ) for a package deal. Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
Sq feet:
1,872 sq. ft.
For sale by:
Agent/Broker
Agent Name:
Compass Florida, Llc
Posted:
February 24 on ListedBuy
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More About this Listing: 3404 Phillips St, Tampa, FL 33619 - MLS T3503093
3404 Phillips St, Tampa, FL 33619 - MLS T3503093 is a Six Bedroom 4.5 Bath Multi-Family Real Estate for Sale at 3404 Phillips St in Tampa FL. Find other listings like 3404 Phillips St, Tampa, FL 33619 - MLS T3503093 and listings near 3404 Phillips St by searching Oodle Classifieds for Six Bedroom 4.5 Bath Multi-Family Real Estate for Sale in Tampa FL.
3404 Phillips St, Tampa, FL 33619 - MLS T3503093 is a Six Bedroom 4.5 Bath Multi-Family Real Estate for Sale at 3404 Phillips St in Tampa FL. Find other listings like 3404 Phillips St, Tampa, FL 33619 - MLS T3503093 and listings near 3404 Phillips St by searching Oodle Classifieds for Six Bedroom 4.5 Bath Multi-Family Real Estate for Sale in Tampa FL.