$435,000

1635 And 1637 E Mulberry Drive

TAMPA FL, 33604

Description

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.

Details

MLS#T3191227
Sub-TypeResale
StatusActive
Year1985
Days On Site121

Features

SQ Feet3,008
Units2
Building(s)1
Water FrontYes
Property ViewYes

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Area Information

StateFL
CountyHillsborough
CityTAMPA
Zip Code33604
Area33604 - Tampa / Sulphur Springs
Listing VS Median (in 33604)
Price:
$435,000
low | high
Med:
$207,450
100% of Average
SqFt:
3,008
low | high
Med:
1,766
91.306515957447% of Average
$ / SqFt:
$145
low | high
Med:
$127
62.310683523708% of Average
On Site:
121
low | high
Med:
202
59.90099009901% of Average
Listing Updated: 12/04/2019
MLS Number: T3191227
Listing Provided By:
Duncan Anderson  of  WEICHERT REALTORS YATESASSOC

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