BEDS6
BATHS
SQUARE FEET2,127
MLS#TB8540301
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONPANAMA
Property Description
Introducing a rare, fully renovated triplex investment opportunity in the heart of V.M. Ybor, one of Tampa's most dynamic and rapidly evolving urban neighborhoods. Extensively renovated in 2023, nearly every major aspect of the property has been updated, offering investors a turnkey income-producing asset with limited near-term maintenance. The property features a highly desirable three-unit configuration, with the main residence consisting of a spacious 3-bedroom, 2-bath unit previously renting for $2,800 per month and a 2-bedroom, 1-bath unit previously renting for $1,800 per month, along with a detached 1-bedroom, 1-bath accessory dwelling unit providing additional privacy and currently leased at $1,400 per month with approximately seven months remaining on the lease. At full occupancy, the property previously generated approximately $72,000 in annual gross rental income. The tenants in the 3-bedroom and 2-bedroom units recently moved out, creating an excellent opportunity for a new owner to immediately place new tenants, reposition rents, or explore alternative rental strategies based on their investment goals. Located less than a 10-minute drive from Downtown Tampa and just minutes from Ybor City, Tampa Heights, Armature Works, the Tampa Riverwalk, and some of the city's largest employment, entertainment, and development districts, this property is positioned directly in the path of Tampa's continued growth. Significant redevelopment, new construction, and investment throughout V.M. Ybor and the surrounding urban core continue to transform the area and strengthen its long-term appeal. Whether you're an investor seeking strong rental income, an owner-occupant looking to offset housing costs with two additional units, or a buyer looking to secure a multi-family asset in a rapidly growing Tampa neighborhood, this renovated V.M. Ybor triplex offers a compelling combination of proven rental history, multiple income streams, extensive 2023 renovations, and an exceptional location minutes from the heart of the city.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central, Electric
Lot Size: 0.11 Acres
Roof Type: Metal, Shingle
Stories: 1.0
Taxes: $4,530
Year Built: 1926
Amenities
Ceiling Fans(s)
Lighting
Private Entrance
Private Mailbox
Feature Descriptions
Annual Net Income: 72000.00
Appliances: Built-In Oven, Cooktop, Disposal, Gas Water Heater, Microwave, Refrigerator
Days on Site: 11
Directions: Traveling East on E. Dr. Martin Luther King Jr. Blvd. to N. Nebraska Ave. (Turn Right Heading South) Continue to the Intersection of E. Floribraska Ave., Turn Left on to E. 21st Ave Continuing East to 1406 E 21st Ave, Tampa, FL 33605-1895, On Left Hand Si
Exterior: Asbestos
Flood Zone Code: x
Flooring: Vinyl
Foundation: Block
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional, FHA
Lot Dimensions: 0.11
Other Equipment: Private Entrance
Ownership: Fee Simple
Patio/Porch: Porch
Pets Allowed: Yes
Property Attached Y/N: No
Property Sub-Type: Triplex
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only, Call Listing Agent 2,Listing Agent Must Accompany
Special Sale Provisions: None
Units: 3
Utilities: Electricity Available, Natural Gas Connected, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: RS-50
Listed By / Shown By
Listed By
Agency Name: KELLER WILLIAMS TAMPA CENTRAL
Agency Contact: 813-865-0700
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 2,013.70 per month $1,446.62 Principal & Interest $377.50 Property Tax $189.58 Homeowner's InsuranceChange Payment Information
1406 E 21st Avenue | MLS# TB8540301
This multi-family property located at 1406 E 21st Avenue, Tampa, FL 33605 is currently listed for sale with an asking price of $650,000. Search Tampa real estate on www.realtymarkllc.com today.