BEDS9
BATHS
SQUARE FEET1,372
MLS#TB8449870
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONGROVE HEIGHTS
Property Description
Located in the highly desirable Tampa Heights submarket, 2306 Morgan Street is a well-positioned multifamily asset consisting of two buildings totaling 7 units across 4,315 square feet. The property includes a front triplex built in 1902 and a rear quadplex built in 1926, offering a compelling blend of historic charm and modern improvements. The asset features a diverse unit mix comprised of two studios (approximately 343 SF each), one 1-bedroom/1-bath unit (682 SF), and four 2-bedroom/1-bath units (approximately 735 SF each). The property has benefited from recent capital improvements, including a new roof installed within the past 2-3 years, along with additional upgrades and fresh interior and exterior paint, providing strong curb appeal and a low-maintenance ownership profile. Income totals include a combination of market rents and housing assistance payments, offering stable cash flow with upside potential. Several long-term tenants are currently paying below-market rents, creating an opportunity to optimize rents to market levels over time. Additional value-add strategies include implementing utility bill-backs, particularly for water, to further enhance net operating income. Redevelopment or reconfiguration potential may exist, subject to buyer due diligence. Positioned minutes from some of Tampa's most vibrant destinations, residents enjoy easy access to Ybor City's historic nightlife, Downtown Tampa's Riverwalk, Armature Works, and the Tampa Heights food and entertainment district. With consistent occupancy, recent updates, and a prime central location, 2306 Morgan Street stands out as a strong opportunity to own a turn-key multifamily asset in one of Tampa's most in-demand rental corridors.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s)
Heating: Ductless
Lot Size: 0.14 Acres
Roof Type: Shingle
Taxes: $4,959
Year Built: 1902
Amenities
Other
Other
Feature Descriptions
Annual Net Income: 93000.00
Days on Site: 103
Directions: Nebraska to Columbus Dr. turn east go to Morgan turn left proprty on the right.
Exterior: Stucco, Wood Siding
Flood Zone Code: X
Flooring: Carpet, Linoleum
Foundation: Crawlspace, Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA, Private Financing Available
Lot Dimensions: 0.14
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Sewer: Public Sewer
Showing Instructions: Call Listing Office, Do Not Contact Tenants
Special Sale Provisions: None
Units: 7
Utilities: Public
Water: Public
Water Access Y/N: No
Zoning: RM-24
Listed By / Shown By
Listed By
Agency Name: SERRALLES GROUP,INC
Agency Contact: 813-307-0007
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 4,440.82 per month $3,560.91 Principal & Interest $413.25 Property Tax $466.67 Homeowner's InsuranceChange Payment Information
2306 N Morgan Street | MLS# TB8449870
This multi-family property located at 2306 N Morgan Street, Tampa, FL 33602 is currently listed for sale with an asking price of $1,600,000. Search Tampa real estate on www.realtymarkllc.com today.