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#9927086906
Multi-family
6
6
Description
6 units stable 6.53% Cap St. Pete
6 Beds | 6 Baths | 6 Units | Income Producing
Multifamily property in a strong Tampa location with stabilized income. Unit mix consists of six 1/1 units, each renting for approximately $1,500/month. Property is rent-ready with major improvements already completed including roof supports, electrical updates, and structural/piling work. Positioned near new development, adding long-term appreciation upside. Annual income is approximately $108,000 with operating expenses around $34,512, resulting in roughly $73,488 net income. Strong in-place cash flow with additional upside through rent increases or operational efficiencies.
Asking: $1,125,000
NOI: $73,488
6.53% Cap
More...6 Beds | 6 Baths | 6 Units | Income Producing
Multifamily property in a strong Tampa location with stabilized income. Unit mix consists of six 1/1 units, each renting for approximately $1,500/month. Property is rent-ready with major improvements already completed including roof supports, electrical updates, and structural/piling work. Positioned near new development, adding long-term appreciation upside. Annual income is approximately $108,000 with operating expenses around $34,512, resulting in roughly $73,488 net income. Strong in-place cash flow with additional upside through rent increases or operational efficiencies.
Asking: $1,125,000
NOI: $73,488
6.53% Cap
Home Type
Sale
Multi-family
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$1,125,000
