Investor’s Dream Near Raymond James Stadium!
Discover this versatile income-producing property in Tampa, just minutes from Raymond James Stadium and Steinbrenner Field. Originally a 3-bedroom, 2-bath home, this property has been thoughtfully converted into two studio apartments, one 1-bedroom apartment, and a main living space with 2 Bedrooms and 1 bath.
Current NOI is $36k with a 6.5% Cap Rate, and units are on month-to-month leases at below-market rates. With a Potential Gross Income (PGI) of $64K annually based on current rental market valuation, the property offers a potential of 11.5% Cap Rate.
Updated roof (2021) + solar panels for energy efficiency.
Prime location – close to highways, shopping, dining, and major attractions.
Spacious parking for tenants and guests.
Endless potential for short-term or long-term rentals.
With a motivated seller and multiple income streams, this property is a true investor’s gem in one of Tampa’s hottest rental markets.