Income-Generating
1200 E BOUGAINVILLEA AVENUE Tampa, FL 33612
1200 E BOUGAINVILLEA AVENUE, Tampa, FL, 33612
$349,900
For Sale
$349,900
Duplex offers two separate units with individual electric and water meters for ongoing rental income.
Property Size1,566 SF
Price / SF$223.44
Days on Market492
Property Features for 1200 E BOUGAINVILLEA AVENUE
General Information
- Standard status
- Active
- Size
- 1,566 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1981
Listing agency
YOU FIRST REALTY AND ASSOC LLC
(813) 458-6686
Listed by
Ramez Lahham · License #3264260
(813) 458-6686
Source
Exitrealty
Added: Mar 19, 2025 Updated: Jul 22 at 6:29PM Checked: Jul 22 at 6:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of YOU FIRST REALTY AND ASSOC LLC
Investment Insights
Based on property information with market context.
This duplex in Tampa includes two residential units, each with 2 bedrooms and 1 bathroom. The property is set up with two separate electric meters and two separate water meters, supporting independent utility arrangements for each unit.
The location is described as convenient to I-275 and I-4, as well as shopping centers and Publix.
The current gross income is provided as $3,420 per month times 12 months, totaling $41,040. The seller indicates the property is 1031 tax exchange friendly and invites interested parties to schedule a viewing.
The location is described as convenient to I-275 and I-4, as well as shopping centers and Publix.
The current gross income is provided as $3,420 per month times 12 months, totaling $41,040. The seller indicates the property is 1031 tax exchange friendly and invites interested parties to schedule a viewing.
Key Highlights
- Duplex built in 1981 with 2 units, each offering 2 bedrooms and 1 bathroom
- Current gross rental income of $41,040 per year ($3,420/month)
- Two separate electric meters and two separate water meters
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.0k | $17.88 |
| − Vacancy | −$1.9k | −$1.21 |
| EGI | $26.1k | $16.67 |
| − OpEx | −$7.8k | −$5.00 |
| NOI | $18.3k | $11.67 |
1,566 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$261.1K
$228.5K – $304.7K
NOI $18,279 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$242.8K
$212.4K – $283.3K
NOI $16,995 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$356.7K
$312.1K – $416.2K
NOI $24,971 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex offers two separate units with individual electric and water meters for ongoing rental income.
Where is this duplex located?
The property is located at 1200 E BOUGAINVILLEA AVENUE Tampa, FL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Duplex built in 1981 with 2 units, each offering 2 bedrooms and 1 bathroom; Current gross rental income of $41,040 per year ($3,420/month); Two separate electric meters and two separate water meters
