SQUARE FEET1,439
MLS#TB8444805
STATUSActive
PROPERTY TYPECommercial - Multiple
SUBDIVISIONGROVE HEIGHTS
Property Description
Located in the highly desirable Tampa Heights submarket,2306-2308 Morgan Street consists of two multifamily buildings totaling 7 units across 4,315 square feet.The front triplex, built in 1902,and the rear quadplex, built in 1926, together create a diverse unit mix: 2 studios (343 SF each), one 1-bedroom/1-bathroom units (735 SF each). unit (682 SF), and four 2-bedroom/1-bathroom from recent improvements, including a new roof within the past 2-3 years and upgraded capital expenditures. With a blend of historic character and recent updates, the asset neighborhoods presents a unique opportunity for investors targeting value-add potential in one of Tampa's fastest-growing Value-Add Opportunities adjustments Optimize Rents: to market Several levels. Long-term tenants are paying below-market rents, creating immediate upside throughUtility Bill-Backs: Implementing water bill-back systems provides a straightforward way to improve net operating income.Redevelopment Potential: The lot at 2308 Morgan Street is zoned RM-24, allowing future investors the flexibility to redevelop both parcels into higher-density multifamily or modern townhomes. Has been freshly painted inside and out, offering strong curb appeal and a low-maintenance setup for any investor looking for steady cash flow. The property also includes a separate lot designated for tenant parking, adding convenience and long-term value. Positioned minutes from some of Tampa's most vibrant attractions, 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 location near all the city's key amenities, 2306 Morgan stands out as an exceptional opportunity to own a turn-key multifamily asset in one of Tampa's most in-demand rental corridors.
Property Features
Property Type: Commercial - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.14 Acres
Roof Type: Shingle
Taxes: $4,924
Year Built: 1902
Feature Descriptions
Days on Site: 208
Directions: Nebraska to Columbus Dr. turn east go to Morgan turn left proprty on the right.
Exterior: Stucco, Frame, Wood Siding
Flood Zone Code: X
Flooring: Carpet
Foundation: Crawlspace, Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA
Lot Dimensions: 0.14
Ownership: Corporation
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Sewer: Public Sewer
Showing Instructions: Appointment Only, Call Listing Agent, Call Listing Office, Do Not Contact Tenants
Special Sale Provisions: None
Units: 7
Utilities: Electricity Available
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: 888-260-0400
2306 N Morgan Street | MLS# TB8444805
This commercial property located at 2306 N Morgan Street, Tampa, FL 33602 is currently listed for sale with an asking price of $1,499,000. Search Tampa real estate on www.realtymark.net today.