BEDS3
BATHS
SQUARE FEET1,323
MLS#TB8511454
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONBYARS REVISION OF SUNNYLAND AC
Property Description
Value-add duplex investment opportunity in Tampa with immediate in-place income and substantial upside potential. 1210 E 140th Ave features a tenant-occupied duplex consisting of a 2-bedroom, 1-bath Unit A currently rented at $1,300/month and a 1-bedroom, 1-bath Unit B currently rented at $1,000/month, both on month-to-month leases with tenants intending to stay. The property currently operates at an approximate 6% cap rate based on current in-place income and estimated operating expenses, with clear upside through repositioning. This is a true investor value-add opportunity, with both units offering renovation upside and the potential for increased rental income through improvements to kitchens, bathrooms, drywall, and overall interior upgrades. Unit A features newer cabinetry, stainless steel appliances, and range, while Unit B has had some bathroom improvements completed. Estimated post-renovation market rents are approximately $1,600/month for the 2/1 and $1,300-$1,400/month for the 1/1. Major updates include roof replaced in 2016 and central AC in Unit A replaced in 2016, while Unit B currently utilizes window units. Property includes two separate electric meters with tenant-paid electric, one shared water meter with owner-paid water averaging approximately $100/month, helping maintain relatively low operating expenses. Property will not be delivered vacant and is being sold strictly AS-IS, with seller making no repairs. Excellent opportunity for investors seeking stable current cash flow with strong repositioning and rental upside in a growing Tampa market.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Wall/Window Unit(s)
Heating: Central, Ductless
Lot Size: 0.21 Acres
Roof Type: Shingle
Taxes: $3,735
Year Built: 1969
Amenities
L Dining
Thermostat
None
Feature Descriptions
Annual Net Income: 18420.00
Days on Site: 8
Directions: From nebraska, turn east on E 140th. property on left
Exterior: Block, Brick
Flood Zone Code: x
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.21
Other Equipment: None
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: See Remarks
Special Sale Provisions: None
Utilities: Public
Water: Public
Water Access Y/N: No
Zoning: RMC-20
Listed By / Shown By
Listed By
Agency Name: MCBRIDE KELLY & ASSOCIATES
Agency Contact: 813-254-0900
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0400
Estimate Your Payment
Estimated Payment
$ 1,091.59 per month $689.93 Principal & Interest $311.25 Property Tax $90.42 Homeowner's InsuranceChange Payment Information
1210 E 140th Avenue | MLS# TB8511454
This multi-family property located at 1210 E 140th Avenue, Tampa, FL 33613 is currently listed for sale with an asking price of $310,000. Search Tampa real estate on www.realtymarkllc.com today.