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727-415-4982
Real Estate Company
2900 W Grandfield Street, Plant City, FL 33563
- $1,030,000
- 16
- BD
- 8
- BA
- 1,560
- SqFt
- Sold Price
- $1,030,000
- List Price
- $1,100,000
- Status
- Sold
- Days on Market
- 23
- Closing Date
- Jul 02, 2024
- MLS#
- T3511494
- Property Style
- Multi-Family
- Year Built
- 1979
- Bedrooms
- 16
- Bathrooms
- 8
- Living Area
- 1,560
- Lot Size
- 19,470
- Acres
- 0.45
- Total Acreage
- 1/2 to less than 1
- Legal Subdivision Name
- West Pinecrest
- MLS Area Major
- Plant City
Property Description
Excellent Investment Opportunity for 4 duplexes - 8 total units on .45 acre property - 1 parcel. Each unit is 2 bedrooms, 1 bath units with exterior storage rooms that have full size washer & dryer hookups - 762 sf heated space in each unit. The roofs were replaced in 2020 & central AC systems. 2 units remodeled in 2024 with new cabinets, bathrooms, vinyl plank flooring and appliances. Most recent unit rented at $1295/m within 1 week. All tenants have been background checked and pay on time with no issues with long term leases. Tenant pays utilites, City Water, city trash collection, City Sewer all paid by tenants individually. Good location, central to everything and minutes from major highways. Lots of potential for rent improvement. Cap rate around 8% for a very good solid investment with easy potential to increase returns. HUD website shows fair market rent for 2 bedrooms in 33563 zip code at $1570/m if new owner chooses to allow section 8 rentals. Owner pays for Lawn Maintenance at $200/m. Turn key investment. Please do not disturb tenants. No HOA or lease restrictions with the city.
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Additional Information
- Taxes
- $10343
- Minimum Lease
- No Minimum
- Annual Gross Income
- 98340
- Community Features
- No Deed Restriction
- Zoning
- C-1A
- Interior Layout
- Ceiling Fans(s)
- Interior Features
- Ceiling Fans(s)
- Utilities
- Cable Available
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Stucco, Wood Frame
- Exterior Features
- Other
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Elementary School
- Bryan Plant City-Hb
- Middle School
- Tomlin-Hb
- High School
- Plant City-HB
- Flood Zone Code
- X
- Parcel ID
- P-30-28-22-58T-000003-00006.0
- Legal Description
- WEST PINECREST LOTS 6 7 AND 8 BLOCK 3
Listing courtesy of BLUE SUN REALTY LLC.
Selling Office: BLUE SUN REALTY LLC.Mortgage Calculator
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