Skip To Content

11720 N 15TH Street

Tampa, FL 33612
  • $2,200,000
  • STATUS: Active
  • ON SITE: 19 Days
  • MLS #: U8160881
UPDATED: 56 min ago
$2,200,000
  • 0
    BEDS
  • 0.89
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,743
    SQFT
  • $326
    $/SQFT
Type:
Multi-Family
Built:
1961
County:

School Information

Elementary School:
Middle School:
High School:

Description

GREAT INVESTMENT OPPORTUNITY IN OPPORTUNITY ZONE!!! CHECK OUT VIRTUAL TOUR LINK 2 - AWESOME DRONE VIDEO! This property includes a total of 6-Buildings (10-Rental Units) which incorporates 2-Single Family rentals & 4-Duplexs, a storage shed, and a groundwater well. The storage shed can be converted to a laundry room for additional income. Current Gross income is; $8,755 per month ($105,060 per year) but with the possibility to adjust rents and reflect a monthly Gross income of $11, 050 ($132,600 per year). Currently, there is an on-site manager that is given a discounted rent in return for the property basic needs (lawn care, minor repairs, etc.). Owner had plans to build a new 2-story building (#7) which consists of 4 additional apartments. Final drawings are ready to be submitted to County to pull permits. It includes building plans, topographic survey, geotechnical report, building energy calculations, and a Cost Estimate of $750,000 for the construction costs (Quote dated 2/1/2022). The projections & details for this additional building would include 4-Additional 2 Br, 2 Ba Units (2 Up & 2 Down), 593 Sq. Ft of additional Sidewalks, and 1603 Sq. Ft of Additional Concrete Parking. Also, with the addition of the building #7, the projected monthly Gross income for the building alone is; $5,840 ($70,080 per year). As opposed to the current 10 units, residents of the new building #7 would require to pay their own utilities (water and sewer). This property is located between E. Fletcher Ave. & E. Fowler Ave., just East of Nebraska Ave & Hwy 275 on N 15th St. There is a Public Transportation stop just outside the front of the property. It's located about one mile west of USF and not too far from Hillsborough Community College, shopping, coffee shops, restaurants and much more that Tampa has to offer. All measurements approximate, and the number of bathrooms described under the description of each unit failed to permit the add'l 1/2 (.5) baths & 3/4 (.75) baths. Buyer to verify all measurements & actual bath sizes.

Monthly Payment Calculator




© 2022 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2022-05-22T14:41:22.427.
www.prestigehomerealty.com/homes/128278592
Print Image

11720 N 15TH Street Tampa, FL 33612

  • Price: $2,200,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 56 min ago
  • MLS #: U8160881
0
Beds
0
Baths
0
½ Baths
0.89
Acres
6,743
SQFT
$326
$/SQFT
1961
Built
Neighborhood:
Hamner's W E Homestead Acres
County:
Hillsborough
Area:
Tampa / Forest Hills
Elementary School:
Miles-Hb
Middle School:
Liberty-Hb
High School:
Freedom-Hb
Property Description
GREAT INVESTMENT OPPORTUNITY IN OPPORTUNITY ZONE!!! CHECK OUT VIRTUAL TOUR LINK 2 - AWESOME DRONE VIDEO! This property includes a total of 6-Buildings (10-Rental Units) which incorporates 2-Single Family rentals & 4-Duplexs, a storage shed, and a groundwater well. The storage shed can be converted to a laundry room for additional income. Current Gross income is; $8,755 per month ($105,060 per year) but with the possibility to adjust rents and reflect a monthly Gross income of $11, 050 ($132,600 per year). Currently, there is an on-site manager that is given a discounted rent in return for the property basic needs (lawn care, minor repairs, etc.). Owner had plans to build a new 2-story building (#7) which consists of 4 additional apartments. Final drawings are ready to be submitted to County to pull permits. It includes building plans, topographic survey, geotechnical report, building energy calculations, and a Cost Estimate of $750,000 for the construction costs (Quote dated 2/1/2022). The projections & details for this additional building would include 4-Additional 2 Br, 2 Ba Units (2 Up & 2 Down), 593 Sq. Ft of additional Sidewalks, and 1603 Sq. Ft of Additional Concrete Parking. Also, with the addition of the building #7, the projected monthly Gross income for the building alone is; $5,840 ($70,080 per year). As opposed to the current 10 units, residents of the new building #7 would require to pay their own utilities (water and sewer). This property is located between E. Fletcher Ave. & E. Fowler Ave., just East of Nebraska Ave & Hwy 275 on N 15th St. There is a Public Transportation stop just outside the front of the property. It's located about one mile west of USF and not too far from Hillsborough Community College, shopping, coffee shops, restaurants and much more that Tampa has to offer. All measurements approximate, and the number of bathrooms described under the description of each unit failed to permit the add'l 1/2 (.5) baths & 3/4 (.75) baths. Buyer to verify all measurements & actual bath sizes.
Exterior Features

Carport Yn No Construction Materials BlockConcreteWood Frame Covered Spaces 0 Exterior Features FencedLightingSidewalk Foundation Details Slab Lot Features City LotNear Public TransitSidewalk Lot Size Dimensions 305.41 X 124.84 X 304.99X126.8 Open Parking YN No Other Structures Shed(S) Parking Features CommonDrivewayGuest Patio And Porch Features Patio Pool Private Yn No Road Surface Type PavedAsphaltConcrete Roof Built-UpOtherShingle Spa YN No Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Appliances Electric Water HeaterRangeRange HoodRefrigeratorWater Filtration System Building Area Total 7301 Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Yn No Flooring CarpetTerrazzo Furnished Unfurnished Heating CentralElectricWall Units / Window Unit Heating YN Yes Interior Features Ceiling Fans(S)Eating Space In KitchenLiving Room/Dining Room ComboOtherWalk-In Closet(S) Laundry Features Other Levels One Sewer Public Sewer Water Source Public

Property Features

Annual Expenses 22101 Annual Net Income 82359 Association Approval Required Yn No Association Yn No Cdd Yn No Flood Zone Code X Garage Yn No Homestead Yn No Lease Considered YN Yes Lease Restrictions YN No Lease Term 12 Months Listing Terms CashConventionalOther Minimum Lease No Minimum New Construction Yn No Ownership Fee Simple Pet Restrictions Breed Restrictions Pets Allowed Breed RestrictionsYes Property Sub Type Multi-Family Realtor Info As-IsBrochure AvailableConfidentiality Letter RequiredCurrently LeasedDocs AvailableFloor Plan AvailableNo SignSee AttachmentsSurvey Available Security Features Smoke Detector(S) Senior Community Yn No Special Listing Conditions None Tax Annual Amount 9203 Total Annual Fees 0 Total Monthly Fees 0 Utilities Cable AvailableElectricity AvailableElectricity ConnectedPhone AvailableStreet Lights Zoning Rmc-16


Listing information © 2022 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of Xcellence Realty Inc.



© 2022 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2022-05-22T14:41:22.427.
 
https://bt-photos.global.ssl.fastly.net/mfr/orig_boomver_2_U8160881-2.jpg https://bt-photos.global.ssl.fastly.net/mfr/orig_boomver_2_U8160881-2.jpg https://bt-photos.global.ssl.fastly.net/mfr/orig_boomver_2_U8160881-2.jpg
Logo
Prestige Home Realty
1491 E Venice Ave., Suite A
Venice FL, 34292