2306 N MORGAN St Tampa, FL 33602

Located in the Tampa Heights submarket, 2306 Morgan Street features two multifamily buildings totaling 7 units across 4,315 square feet. The property includes a front triplex, built in 1902, and a rear quadplex, built in 1926, creating a diverse unit mix of 2 studios (343 SF each), one 1-bedroom/1-bathroom unit (682 SF), and four 2-bedroom/1-bathroom units (735 SF each). The property has benefited from recent improvements, including a new roof within the past 2-3 years and upgraded capital expenditures. The asset presents a unique opportunity for investors targeting value-add potential. Long-term tenants are paying below-market rents, creating immediate upside. Implementing water bill-back systems provides a way to improve net operating income. The property has been freshly painted inside and out, offering strong curb appeal and a low-maintenance setup for any investor looking for steady cash flow. Positioned minutes from Tampa’s attractions, residents enjoy easy access to Ybor City’s historic nightlife, Downtown Tampa’s Riverwalk, Armature Works, and the Tampa Heights food and entertainment district. With consistent occupancy, recent updates, and a prime location near all the city’s key amenities, 2306 Morgan stands out as an exceptional opportunity to own a turn-key multifamily asset in one of Tampa’s rental corridors.