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Investment Property Hotsheet

Interesting Income Properties Available for Sale

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 1720 E MULBERRY DR, TAMPA, FL 33604

Listed Price:  $140,000  - Sold for $140,000 in 39 days.

 

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Property Type:  Duplex (2 floors)

Beds:   2 + 2  (Both units have 2 bedrooms)

Baths:  1 + 1  (Both units have 1 bath)

Heated Area:  1,300 SqFt

Rent (unit A):  $850/mo plus $50/mo water fee

Rent (unit B):   $825 mo plus $50/mo water fee

LISTING DETAILS:

**UPDATE: This home recently sold for full asking price**.  Recently renovated 2 story block duplex located on quiet street just across from the Hillsborough River. Both units share virtually identical floor plans that feature 2 beds, 1 bath, and each includes its own spacious, private screened porch area. Property accommodates off-street parking for up to 4 vehicles. Exterior upgrades include roof replacement(new as of Summer 2016), and upgraded electric service from the street to interior panels. Inside each unit, you’ll notice beautiful, yet durable, khaki wood-look resilient vinyl flooring throughout, which sets off the modern living room/kitchen combo space. Both kitchens feature newer cabinets with plenty of storage, counter space, large sinks, and come equipped with a breakfast bar, tank-less hot water heater, range hood, a large pantry, refrigerator and range oven. Both units have been recently painted inside, and have been outfitted with LED lighting fixtures/fans, and newer plumbing fixtures. Unit A leased through 11/30/19 for $850/mo plus $50/mo water utility fee. Unit B is leased through 4/30/19 for $825 mo plus $50/mo water utility fee. If desired, the sale will include the usage rights to the current staged listing photos, which help quickly lease these units out for top dollar when vacant. Furnishings not included and units are no longer staged. Please do not disturb tenants.

OUR OPINION OF THIS PROPERTY:

This duplex looks like it has SOLID earning potential and offers established tenants already in place.  Given the recent renovations and upgrades, this investment property is positioned to be a long-term hold in your portfolio.  The area is stable and is a busy rental district.  Sourcing new tenants should be relatively fast given the attractiveness of this property.  We feel it represents excellent value for the money for Landlord and Tenant alike.

             Contact Dave Kinkade at [813]  434-1529 or leave a note in the form below to discuss acquiring a rental property.                                     

 

   (*listing information and photos courtesy of Brainard Realty*)

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