UPDATED:
09/04/2024 09:09 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 9,222 sqft
Price per Sqft $271
Subdivision Hamners W E Homestead Acres
MLS Listing ID T3520848
Construction Status Financing
HOA Y/N No
Originating Board Stellar MLS
Year Built 1986
Annual Tax Amount $14,100
Lot Size 0.650 Acres
Acres 0.65
Property Description
1. Brand new roof installed in 2024.
2. Two designated parking spaces allocated for every tenant.
3. Visitor parking amenities have been added.
4. The majority of air conditioning units have been recently upgraded, with a significant portion just replaced.
5. Majority of water heaters have been recently installed or replaced.
6. Entire property has been refreshed with a new coat of paint.
7. Security cameras installed.
Seller has individual water meters installed on each apartment, and bills to tenants. All utility expenses are borne by tenants. Please refer to the attached document for Profit and Loss statements, pro forma, and capitalization rates.
Current Cap Rate 7.4%
Pro forma Cap Rate 9.3%
*The property can be managed by the same management team for a 5% fee, should any buyer require management services.
*Hard money lending and seller financing options are available with a 40% down payment.
Location
State FL
County Hillsborough
Community Hamners W E Homestead Acres
Zoning RMC-16
Interior
Interior Features Living Room/Dining Room Combo
Heating Central
Cooling Central Air
Fireplace false
Laundry Laundry Room, Washer Hookup
Exterior
Exterior Feature Balcony
Utilities Available Other
Waterfront false
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Block
Lot Size Range 1/2 to less than 1
Sewer Other
Water Public
Structure Type Stucco
New Construction false
Construction Status Financing
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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