2813 Lorraine Street, Tampa, FL 33614

$450,000
1,599
SqFt

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Sold Price
$450,000
List Price
$450,000
Status
Sold
Days on Market
22
Closing Date
Aug 01, 2024
MLS#
T3532846
Property Style
Duplex
Year Built
1960
Living Area
1,599
Lot Size
7,437
Acres
0.17
Total Acreage
0 to less than 1/4
Legal Subdivision Name
Grove Park Estates Unit 6
MLS Area Major
Tampa

Property Description

Welcome to an exceptional investment opportunity located in a centrally located neighborhood! This versatile property, totaling 1599 sqft, offers a unique layout perfect for maximizing rental income. Split into two distinct sections, this property provides both a comfortable family home and a separate studio apartment, each with its own entry and amenities. Main Residence Size: Approximately 1100 sqft Layout: 3 Bedrooms, 1 Bathroom Features: Outdoor Space: Enjoy a spacious patio and a refreshing pool, perfect for entertaining or relaxing on sunny days. Living Area: Bright and open living spaces with modern finishes. Kitchen: Fully equipped kitchen with updated appliances and ample storage. Bedrooms: Three well-sized bedrooms with plenty of natural light. Bathroom: Clean and contemporary design with modern fixtures. Studio Apartment Size: Approximately 499 sqft Layout: Open-concept studio Features: Separate Entry: Private access ensures complete independence from the main house. Parking: Dedicated parking spot for the studio apartment. Living Area: Cozy and efficient space with a kitchenette and a comfortable living/sleeping area. Bathroom: Full bathroom with modern amenities. Financials Gross Income (2023): $58,000 Income Breakdown: Both units have been successfully rented short-term, providing a consistent and lucrative income stream. Investment Potential High Demand Location: Situated in a popular area, this property attracts tourists and short-term renters year-round. Flexible Usage: Ideal for investors looking to maximize rental income or for owner-occupants wanting to live in one unit while renting out the other. Proven Track Record: With a gross income of $58,000 in 2023, this property has demonstrated strong earning potential. Additional Information Parking: Ample parking space for both units. Utilities: Separate metering for ease of management. Proximity: Close to local attractions, dining, shopping, and public transportation. Don’t miss out on this rare investment opportunity! Whether you're an experienced investor or looking to enter the rental market, this property offers flexibility, strong income potential, and an attractive lifestyle for tenants.

Additional Information

Taxes
$5913
Annual Gross Income
59574
Community Features
Street Lights, No Deed Restriction
Zoning
RSC-6
Interior Layout
Ceiling Fans(s), Thermostat
Interior Features
Ceiling Fans(s), Thermostat
Utilities
BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Fiber Optics, Public
Heating
None
Air Conditioning
Central Air
Exterior Construction
Block, Stucco
Exterior Features
Fence, Lighting
Roof
Shingle
Foundation
Slab
Pool
Private
Pool Type
In Ground, Screen Enclosure
Elementary School
Egypt Lake-Hb
Middle School
Pierce-Hb
High School
Leto-HB
Pets
Allowed
Flood Zone Code
x
Parcel ID
U-27-28-18-15T-000003-00017.0
Legal Description
GROVE PARK ESTATES UNIT NO 6 LOT 17 BLOCK 3

Listing courtesy of LPT REALTY. 877-366-2213

Selling Office: YANY REALTY LLC.

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Calculator source: Real Geeks

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