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9502 Banyan Avenue, Tampa, FL 33612

$3,246,000
  • 9502 Banyan Avenue, Tampa, FL 33612 Main Photo

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BEDS35 BATHS SQUARE FEET11,804 MLS#TB8428982
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONFAIRVIEW TERRACE RESUB

Property Description

Turnkey Tampa Income Portfolio: 9 (NINE) Properties with Immediate Cash Flow Primed for Growth in Tampa. A Premier Turnkey Rental Portfolio: 9 Properties | 12 Units | 100% Occupied | Tampa, Florida**An unparalleled opportunity to acquire a fully-stabilized, income-generating portfolio of 9 properties (12 units) strategically located throughout Tampa, Florida. Offered by retiring owners, this meticulously assembled collection represents a rare chance for an investor to achieve immediate and significant scale in one of the nation's most dynamic rental markets.**The portfolio is 100% occupied and generates a substantial Gross Annual Income of $190,380. This offering provides a secure, cash-flowing asset from day one, coupled with clearly defined, multi-faceted avenues for future value creation.**Portfolio Composition & Strategic Strengths:This is not a homogenous collection of assets; it is a strategically diversified portfolio designed for resilience and optimized returns.**Asset Class Diversity: The portfolio includes a robust mix of single-family residences, duplexes and one commercial property, minimizing concentration risk and appealing to a broad tenant base.**Durable Construction: A significant majority of the properties feature low-maintenance, high-durability block construction, ensuring reduced long-term capital expenditures and operational ease.**Immediate & Stable Returns: With all 12 units currently leased to tenants, the portfolio eliminates initial lease-up risk and provides immediate, predictable cash flow upon acquisition.**The Value-Add Proposition: Unlocking Embedded EquityBeyond its stable in-place income, the portfolio is primed for significant growth through two key value-add strategies:**Revenue Growth Through Property Enhancement: A new owner has the opportunity to increase revenue by making strategic property improvements. Many units provide a strong foundation for cosmetic and functional upgrades that can enhance their appeal and market position. By investing in these enhancements, a new owner can justify higher rental rates, leading to a direct increase in net operating income and the portfolio's overall value.**Unique Zoning & Development Potential: The portfolio includes a unique mixed-use property (3417 E Lake Ave) with valuable Commercial Intensive (CI) zoning. This asset is a strategic long-term holding that offers exceptional flexibility. While currently generating residential income, the CI zoning opens future possibilities for higher-yield commercial use, a live/work redevelopment, or a small business operation, representing significant embedded value beyond its current function.**Conclusion: An Unmatched Acquisition OpportunityThis 9-property portfolio is an ideal turnkey investment for a buyer seeking to establish a strong presence in the Tampa market. It offers a powerful combination of features: 1) stable, immediate cash flow, 2) clear opportunities to add value, and 3) a diversified asset base in a high-growth market.This is a rare opportunity to acquire a well-established portfolio built for long-term performance.

9502 Banyan Avenue | MLS# TB8428982

This multi-family property located at 9502 Banyan Avenue, Tampa, FL 33612 is currently listed for sale with an asking price of $3,246,000. Search Tampa real estate on www.realtymark.net today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air, Wall/Window Unit(s)
Heating: Central, Electric, Other
Lot Size: 0.17 Acres
Roof Type: Other
Taxes: $4,670
Year Built: 1988

Amenities

Other
Other

Feature Descriptions

Annual Net Income: 190380.00
Days on Site: 164
Directions: From 1251 E Fowler Ave F, Tampa, FL 33612, head west toward E Fowler Ave, turn right toward E Fowler Ave, turn right onto E Fowler Ave, pass by Steak â??n Shake (on the left), turn right onto N 15th St, turn right onto E Linebaugh Ave., turn left onto N 1
Flood Zone Code: X
Foundation: Other
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional, Other, Special Funding
Lot Dimensions: 0.17
Ownership: Fee Simple
Pets Restrictions: Buyer to verify pet restrictions
Property Attached Y/N: No
Property Sub-Type: Multi Family
Security: Smoke Detector(s)
Sewer: Public Sewer, Other
Showing Instructions: Call Listing Agent, Do Not Contact Tenants, No Lockbox, See Remarks, ShowingTime
Special Sale Provisions: None
Units: 12
Utilities: Electricity Connected, Public, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: RS-50

Listed By / Shown By

Listed By

Agency Name: KELLER WILLIAMS SOUTH TAMPA
Agency Contact: 813-875-3700

Shown By

Agency Title: RealtyMark
Agency Phone: 888-260-0040

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Estimated Payment

$ 8,560.11 per month $7,224.19 Principal & Interest $389.17 Property Tax $946.75 Homeowner's Insurance

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