BEDS3
BATHS
SQUARE FEET1,323
MLS#TB8511454
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONBYARS REVISION OF SUNNYLAND AC
Property Description
MASSIVE PRICE ADJUSTMENT. NOW AROUND AN 8% CAP. Income-Producing VALUE-ADD Tampa Duplex with Immediate Cash Flow & Strong Rental UpsideOpportunity to acquire a cash-flowing duplex in a rapidly growing Tampa market with significant upside potential. 1210 E 140th Ave is currently generating $2,300 per month in gross rental income with both units occupied and tenants expressing interest in remaining, providing immediate income from day one.The property consists of a 2-bedroom, 1-bath unit currently leased at $1,300/month and a 1-bedroom, 1-bath unit leased at $1,000/month. Both tenants are on month-to-month agreements, offering investors flexibility to maintain occupancy, increase rents, or implement a value-add strategy.This property presents a clear path to increased cash flow through strategic interior improvements and repositioning. Estimated market rents after renovation are approximately $1,600/month for the 2-bedroom unit and $1,300-$1,400/month for the 1-bedroom unit, creating a compelling opportunity to boost NOI and long-term asset value.Recent capital improvements include a roof replacement in 2016 with central HVAC replacement in Unit A in 2016 and wall unit AC in unit B. Utilities are investor-friendly with separate electric meters for each unit, allowing tenants to pay their own electric service. Water is supplied through a shared meter and averages approximately $100 per month.Whether you're looking to expand an existing portfolio, complete a value-add renovation project, or secure a cash-flowing asset in one of Florida's strongest rental markets, this duplex offers both immediate income and long-term appreciation potential.Properties at this price point with in-place income and rental upside are becoming increasingly difficult to find in Tampa. Schedule your showing today.Property being sold AS-IS. Tenant occupied. Seller will make no repairs.
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: 53
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: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 1,028.66 per month $634.29 Principal & Interest $311.25 Property Tax $83.13 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 $285,000. Search Tampa real estate on www.realtymark.net today.