Tenant-Occupied Duplex
1210 E 140TH AVE Tampa, FL 33613
For Sale
Contact for pricing
Two income-producing units are leased month-to-month, with a roof replacement in 2016 and interior renovation upside.
Property Size1,323 SF
Price / SF$226
Days on Market39
Property Features for 1210 E 140TH AVE
General Information
- Standard status
- Active
- Size
- 1,323 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1969
Listing Agency:
Mcbride Kelly & Associates Llc
(813) 493-0507
Listed By:
Brian Mcbride · License #bk3014081
Source:
Crexi
Added: Jun 17
Changed: Jul 23
Last Checked: Jul 25 at 1:51PM
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 Mcbride Kelly & Associates Llc
Investment Insights
Based on property information with market context.
1210 E 140th Ave is a tenant-occupied duplex for sale featuring two separate units. Unit A is a 2-bedroom, 1-bath home currently rented at $1,300 per month on a month-to-month lease. Unit B is a 1-bedroom, 1-bath home currently rented at $1,000 per month on a month-to-month lease, with tenants indicating they intend to stay. The property is being sold strictly AS-IS, and the seller will make no repairs.
The duplex includes two separate electric meters with tenant-paid electric and one shared water meter with owner-paid water averaging approximately $100 per month. Reported major updates include a roof replacement in 2016 and central AC in Unit A replaced in 2016, while Unit B currently uses window units.
Both units provide renovation upside through interior improvements, with Unit A featuring newer cabinetry and stainless steel appliances, and Unit B having had some bathroom improvements completed. The property is noted to be operating at an approximate 6% cap rate based on current in-place income and estimated operating expenses.
The duplex includes two separate electric meters with tenant-paid electric and one shared water meter with owner-paid water averaging approximately $100 per month. Reported major updates include a roof replacement in 2016 and central AC in Unit A replaced in 2016, while Unit B currently uses window units.
Both units provide renovation upside through interior improvements, with Unit A featuring newer cabinetry and stainless steel appliances, and Unit B having had some bathroom improvements completed. The property is noted to be operating at an approximate 6% cap rate based on current in-place income and estimated operating expenses.
Key Highlights
- Tenant‑occupied duplex in Tampa with 2BR/1BA Unit A and 1BR/1BA Unit B on month‑to‑month leases
- Unit A rented for $1,300/month and Unit B rented for $1,000/month (in‑place income basis for an approximate 6% cap rate)
- Estimated post‑renovation rents: about $1,600/month for the 2/1 and $1,300–$1,400/month for the 1/1
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 | $23.7k | $17.88 |
| − Vacancy | −$1.6k | −$1.21 |
| EGI | $22.1k | $16.67 |
| − OpEx | −$6.6k | −$5.00 |
| NOI | $15.4k | $11.67 |
1,323 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$220.6K
$193.0K – $257.4K
NOI $15,443 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$205.1K
$179.5K – $239.3K
NOI $14,358 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$308.2K
$269.7K – $359.6K
NOI $21,575 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Jesus and His Dad ...
Construction Company
Jesus & His Dad ...
Construction Company
FAQs
What type of property is this?
Duplex - Two income-producing units are leased month-to-month, with a roof replacement in 2016 and interior renovation upside.
Where is this duplex located?
The property is located at 1210 E 140TH AVE Tampa, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Tenant‑occupied duplex in Tampa with 2BR/1BA Unit A and 1BR/1BA Unit B on month‑to‑month leases; Unit A rented for $1,300/month and Unit B rented for $1,000/month (in‑place income basis for an approximate 6% cap rate); Estimated post‑renovation rents: about $1,600/month for the 2/1 and $1,300–$1,400/month for the 1/1
