Tampa, FL 33604,8114 N 11TH ST
Tampa, FL 33604,8114 N 11TH ST
Tampa, FL 33604,8114 N 11TH ST
$173,000
Est. payment /mo
$175,000
1.1%
Est.Price: ?

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1,457 SqFt
SOLD DATE : 12/13/2019

Key Details

Sold Price $173,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,457 sqft

Price per Sqft $118

Subdivision Sulphur Spgs Add

MLS Listing ID T3207538

Sold Date 12/13/19

Construction Status Other Contract Contingencies

HOA Y/N No

Year Built 1922

Annual Tax Amount $1,029

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 50x95

Property Description

INVESTOR ALERT, TAMPA is booming! This beautiful property is located in the up & coming Sulphur Springs neighborhood: which is ten minutes from the heart of Downtown Tampa, fifteen minutes from the airport, and half a mile from the Interstate: LOCATION, LOCATION, LOCATION. The building is a legal duplex, consisting of a 962 square foot 3 bedroom 1 bathroom main home unit and a 391 square foot 1 bedroom/1 bathroom second unit. Both units are currently rented: the 3/1 unit is rented for $1242 and the 1/1 is rented for $660. The 3/1 and the 1/1 are rented long-term. What does this mean for an investor? You can rent out both units and secure a 12-13% GROSS annual return on investment. Returns even get better with a 20% down payment of $35,000: you would have a mortgage payment of approximately $950 including taxes and insurance. With rent of $1902 a month, that is $950 in monthly CASH FLOW, or $11,400 in YEARLY CASH FLOW, equal to a 32% CASH ON CASH RETURN ON YOUR ORIGINAL INVESTMENT. The home has new everything! Building has new roof and both units have new kitchen and granite countertops! The main unit has has new central AC, flooring, washer and dryer hook up as well. This opportunity will NOT LAST!!

Location

State FL

County Hillsborough

Community Sulphur Spgs Add

Zoning RS-50

Interior

Heating Central

Cooling Central Air

Fireplace false

Exterior

Exterior Feature Other

Utilities Available BB/HS Internet Available

Roof Type Shingle

Garage false

Private Pool No

Building

Lot Size Range Up to 10,889 Sq. Ft.

Sewer Public Sewer

Water Public

Structure Type Wood Frame

New Construction false

Construction Status Other Contract Contingencies

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by LOMBARDO TEAM REAL ESTATE LLC
Bought with FLORIDA EXECUTIVE REALTY
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"After my 14-year service to the U.S. NAVY, I have dedicated my life to the real estate industry for the last decade. Now, my mission is to provide you with a smooth and beneficial experience in buying or selling real estate in Central Florida. Call me to learn more."

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