FL > Tampa > Hillsborough Heights East A Re
Tampa, FL 33610,4507-4517 E GIDDENS AVE
Tampa, FL 33610,4507-4517 E GIDDENS AVE
Tampa, FL 33610,4507-4517 E GIDDENS AVE
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Realtor Rick Goretski FL

Realtor Rick Goretski FL

Real Broker LLC

+1(407) 497-5156
$1,990,000
Est. payment /mo
8,424 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,424 sqft

Price per Sqft $236

Subdivision Hillsborough Heights East A Re

MLS Listing ID TB8398696

HOA Y/N No

Year Built 1974

Annual Tax Amount $14,347

Lot Size 0.680 Acres

Acres 0.68

Property Sub-Type Multi Family

Source Stellar MLS

Property Description

Package listing only 1031 TAX EXCHANGE friendly!!! ****** Please bring all offers, seller likes to negotiate! 100% occupied 6 Duplexes for Sale. Prime Investment Opportunity!** This exceptional investment opportunity features six duplexes, totaling 12 income-producing units, all conveniently located next to each other. Situated in the heart of Tampa. Each unit features 2 bedrooms and 1 bathroom. Tenants pay all utilities, reducing landlord expenses Each unit has separate water and electric meters. Landlord only pays for landscaping, Taxes, Sewage & Insurance. One unit recently rented for $1,563/month. Tampa Housing Authority offers $1,771/month for 2-bedroom, 1-bathroom units in the same zip code Property is currently rented for $11,753 per month, equating to an annual gross income of $141,036 The property is currently under-rented, providing significant potential to increase rents to market rates. Tampa housing shows a payment standard of $1771 a month if you were to get all units rented with Tampa housing that's a potential annual gross rent of $21,252 per month X 12 months = $255,024 With tenants responsible for their utilities and minimal landlord expenses, these units generate substantial rental income.There's significant potential to increase rents to match market rates, maximizing returns on investment.Proximity to major amenities and transportation hubs ensures high demand and occupancy rates.These properties offer easy access to shopping centers, gyms,Hard Rock Casino,Walmart, USF, I-275, I-4, Busch Gardens, Downtown Tampa, and more. Schedule a viewing today to explore this cash cow investment before it's no longer available. This is a prime opportunity to secure a high-yield property in a rapidly growing area. *** Potential seller financing available with 50% down Expenses - Insurance $18,000 annual Taxes $14,347.48 Lawn care $3600 annual Annual Expenses =$35,947.48-$133,356 Gross rents = Net Income $97,408.52 4507 E Giddens ave Tampa Florida 33610 Unit A - $1563 lease ends 06/2025 Unit B- $1,000 month to month =$2536 per month 4509 E Giddens ave Tampa Florida 33610 Unit A -$1000 month to month Unit B -$850 month to month =$1850 per month 4511 E Giddens ave Tampa Florida 33610 Unit A -$825 Unit B -$900 month to month =$1725 per month 4513 E Giddens ave Tampa Florida 33610 Unit A-$800 month to month Unit B-$900 month to month =$1700 per month 4515 E Giddens ave Tampa Florida 33610 Unit A -$850 month to month Unit B -$900 month to month =$1750 per month 4517 E Giddens ave Tampa Florida 33610 Unit A-$800 month to month Unit B-$725 month to month =$1525 per month Tampa housing payment standard https://www.tampaha.org/payment-standards ( package listing only)

Location

State FL

County Hillsborough

Community Hillsborough Heights East A Re

Area 33610 - Tampa / East Lake

Zoning RM-16

Interior

Interior Features Living Room/Dining Room Combo

Heating Central, Electric

Cooling Central Air

Fireplace false

Laundry None

Exterior

Exterior Feature Other

Utilities Available Electricity Available, Water Available

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 1/2 to less than 1

Sewer Septic Tank

Water Public

Structure Type Block

New Construction false

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

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