3408 East Doctor Martin Luther King Junior Blvd Tampa, FL 33610

Located at 3408 E Dr. Martin Luther King Jr. Blvd. in Tampa, FL, this multifamily property features ten 2-bed/1-bath units, each with 690 square feet of living space, totaling 6,900 square feet. Constructed in 1959 and fully renovated in 2024, the property includes TPO roofs, new plumbing, upgraded electrical panels, and new mini-split HVAC systems. Situated on a 1.45-acre lot, the property provides ample parking and outdoor space. The location is less than 5 miles from Downtown Tampa, with access to I-275, I-4, and Tampa International Airport. East Tampa is experiencing significant public and private investment, including an $80 million redevelopment initiative planned to bring new housing, commercial space, and infrastructure upgrades by 2027. Hillsborough County is projected to grow by 30% by 2040. The property is close to employment hubs, port operations, and logistics corridors. Area parks, community centers, and ongoing infrastructure projects are improving the quality of life in East Tampa. The property is zoned for 11 units, allowing for the potential addition of another dwelling. Opportunities exist to add in-unit laundry, an onsite laundry facility, or tenant storage sheds. Submetering water usage could reduce operating expenses. Rent growth potential of $50–100 per unit is possible as market trends continue.