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Multifamily

Six Building Duplex Tampa

4517 E Giddens Ave, Tampa, FL 33610

Listing Price: $1,799,000

Number of Units
12
GRM
15.14
Occupancy
100.0%
Price/Unit
$149,917

Investment Overview

Property is six separate Duplex's - 12 units total. 100% occupied at below market rents. All tenants are on M-T-M leases with immediate upside. Unit was remodeled within last 6 months. Located in East Tampa which is Tampa’s Smallest Multifamily Submarket. Limited New Construction Over the Past Few Years Has Helped Keep Vacancy low at 3.6%.

Investment Highlights

  • 6 Separate Duplex Parcels all adjoining
  • Below Market Rents which can be increased 30% with remodeled turnover on units (see recent Interior remodel pictures)
  • All Buildings had exterior painting done June 2023
  • Walking Distance to all K-12 Schools
  • Laundry Services located within 1 block of property
  • Strong Demographics: Population Exceeds 230,300 Within 5-Miles, Projected to Grow by 2027
  • Property Is Situated 20 Minutes East of Tampa International Airport and 15 Minutes from Downtown Tampa
  • Located Near Multiple National Retail Tenants Such as Walmart Supercenter, Family Dollar, Walgreens, Ross, Wingstop McDonald's, Arby's, Wendy's, Denny's, 7-Eleven, Circle K and More.

Exclusively Listed By

Financing By

Multifamily

Six Building Duplex Tampa

Listing Price: $1,799,000

Number of Units
12
GRM
15.14
Occupancy
100.0%
Price/Unit
$149,917

Investment Highlights

  • 6 Separate Duplex Parcels all adjoining
  • Below Market Rents which can be increased 30% with remodeled turnover on units (see recent Interior remodel pictures)
  • All Buildings had exterior painting done June 2023
  • Walking Distance to all K-12 Schools
  • Laundry Services located within 1 block of property
  • Strong Demographics: Population Exceeds 230,300 Within 5-Miles, Projected to Grow by 2027
  • Property Is Situated 20 Minutes East of Tampa International Airport and 15 Minutes from Downtown Tampa
  • Located Near Multiple National Retail Tenants Such as Walmart Supercenter, Family Dollar, Walgreens, Ross, Wingstop McDonald's, Arby's, Wendy's, Denny's, 7-Eleven, Circle K and More.

Investment Overview

Property is six separate Duplex's - 12 units total. 100% occupied at below market rents. All tenants are on M-T-M leases with immediate upside. Unit was remodeled within last 6 months. Located in East Tampa which is Tampa’s Smallest Multifamily Submarket. Limited New Construction Over the Past Few Years Has Helped Keep Vacancy low at 3.6%.

Exclusively Listed By

Financing By

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