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727-415-4982
Real Estate Company
1024 E Crenshaw Street, Tampa, FL 33604
- $835,000
- 7
- BD
- 5
- BA
- 3,696
- SqFt
- Sold Price
- $835,000
- List Price
- $924,990
- Status
- Sold
- Days on Market
- 14
- Closing Date
- Sep 30, 2024
- MLS#
- T3541655
- Property Style
- Quadruplex
- Year Built
- 1937
- Bedrooms
- 7
- Bathrooms
- 5
- Living Area
- 3,696
- Lot Size
- 5,300
- Acres
- 0.12
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Evelyn City
- MLS Area Major
- Tampa / Sulphur Springs
Property Description
2 COMPLETELY RENOVATED duplexes on one lot, OFFERING A 8%+ CAP RATE, right off 275 Hwy and 41 N Florida Ave (numerous commercial and restaurant options), just 10 minutes off downtown Tampa as well as USF. The property will soon be generating $86,400/yr in income, but would also be a FANTASTIC AIRBNB OPPORTUNITY to push this income higher (see description below for proximity to major Tampa Bay sites/attractions). NO HOA and NO FLOOD INSURANCE REQUIRED. The properties have the following units and leases (total 7 beds and 5 bathrooms)...1 bed/ 1 bath studio at $1,300/month, lease ending 9/1/2024...1 bed, 1 bath at $1,650/month, lease ending 5/1/2025...3 bed, 2 bath at $2,250/month, lease ends 3/1/2025...2 bed, 1 bath JUST LISTED FOR RENT at $2,000/month and should have a tenant soon. The properties have SEPARATE METERS AND SEPARATE WASHER/DRYER for ALL UNITS as well as 4 parking stalls, 2 parking spots behind a fence with gate and significant street parking. The properties also have a NEW ROOF, HVACs (mini-splits on 2 units for affordability), ELECTRICAL, PLUMBING (including new water heaters), and were fully renovated inside and out. Renovations include new laminate flooring in 3 of the units, paint inside and out, washer and dryer for all units, extended parking pads, trees trimmed; the kitchens have quartz countertops throughout, new cabinets, and new appliances; the bathrooms have tiled showers with new vanities. The properties are located in a gentrified section just north of DOWNTOWN (about 10 minutes), down the street from TGT POKER AND RACEBOOK FACILITY (soon to be redeveloped), 15 minutes from AMALIE ARENA, HISTORIC YBOR, the TAMPA RIVERWALK, and RAYMOND JAMES STADIUM. The value in the area is increasing at an above-average rate. The street they are located on has predominantly renovated single-family housing and a few other multi-family homes.
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Additional Information
- Taxes
- $6335
- Annual Gross Income
- 86400
- Community Features
- No Deed Restriction
- Property Description
- Two Story
- Zoning
- SH-RS
- Interior Layout
- Thermostat
- Interior Features
- Thermostat
- Utilities
- Public
- Heating
- Central
- Air Conditioning
- Central Air
- Fireplace
- Yes
- Exterior Construction
- Wood Frame
- Exterior Features
- Balcony
- Roof
- Metal, Shingle
- Foundation
- Crawlspace
- Pool
- No Pool
- Elementary School
- Foster-Hb
- Middle School
- Sligh-Hb
- High School
- Chamberlain-HB
- Flood Zone Code
- X
- Parcel ID
- A-30-28-19-4JF-000000-00237.0
- Legal Description
- EVELYN CITY LOT 237
Listing courtesy of MCBRIDE KELLY & ASSOCIATES. 813-254-0900
Selling Office: KELLER WILLIAMS LEGACY REALTY.Mortgage Calculator
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