BEDS6
BATHS
SQUARE FEET1,726
MLS#TB8529405
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONBONITA
Property Description
This exceptional income-producing duplex at 1514 E North Bay Street, Tampa, FL 33610 presents an outstanding investment opportunity with immediate cash flow and strong upside. Built in 1934, this well-maintained property features two separate 3-bedroom, 2-bathroom units totaling 1,726 heated square feet on a 6,250-square-foot lot, with each unit offering comfortable living spaces and strong rental appeal. The property was recently occupied with Unit 1 rented for $2,000/month and Unit 2 rented for $2,200/month, both on month-to-month leases, generating a combined gross annual rental income of $50,400. Recent improvements include the front A/C unit replaced in 2022, back A/C unit replaced in 2024, a fully remodeled kitchen in 2022, and new flooring installed in 2022, providing peace of mind for investors. Each residence has its own water meter, while electric service is shared. Conveniently located just minutes from Downtown Tampa, Ybor City, Armature Works, Tampa Riverwalk, major hospitals, shopping, dining, entertainment, I-275, and I-4, this property offers tenants exceptional accessibility and convenience. Whether you're expanding your investment portfolio or seeking a turnkey duplex with stable rental income, this property is an excellent opportunity. Property is being sold strictly AS-IS. Realtor has an ownership interest in the property.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.14 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $4,198
Year Built: 1934
Amenities
Living Room/Dining Room Combo
Open Floorplan
Primary Bedroom Main Floor
Thermostat
Fence
Feature Descriptions
Annual Net Income: 50400.00
Community Features: Street Lights
Days on Site: 44
Directions: Head south on I-275 S, Take exit 46B toward FL-574/Martin Luther King Jr Blvd, Turn left onto FL-574 E/E Dr Martin Luther King Jr Blvd/E M.L.K. Jr Blvd, Turn left onto N 15th St, Turn right onto E North Bay St, Destination will be on the left.
Exterior: Stucco
Flood Zone Code: X
Foundation: Crawlspace
Home Warranty Y/N: No
Lot Dimensions: 0.14
Other Structures: Shed(s)
Ownership: Fee Simple
Parking: Driveway
Parking Notes: Driveway
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Call Listing Agent, See Remarks, ShowingTime
Special Sale Provisions: None
Utilities: BB/HS Internet Available, Cable Available, Electricity Available, Phone Available, Public, Sewer Available, Water Available
Water: Public
Water Access Y/N: No
Windows: Blinds
Zoning: RS-50
Local Schools
High School: Middleton-HB
Middle School: Sligh-HB
Elementary School: Edison-HB
Listed By / Shown By
Listed By
Agency Name: PEOPLE'S CHOICE REALTY SVC LLC
Agency Contact: 813-933-0677
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 1,318.97 per month $856.84 Principal & Interest $349.83 Property Tax $112.29 Homeowner's InsuranceChange Payment Information
1514 E North Bay Street | MLS# TB8529405
This multi-family property located at 1514 E North Bay Street, Tampa, FL 33610 is currently listed for sale with an asking price of $385,000. Search Tampa real estate on www.realtymark.net today.