Block Construction
For Sale
$399,999
8108 N SEMMES STREET, Tampa, FL 33604
The two-unit property includes a renovated residence and a second unit with updated HVAC.
Property Size1,715 SF
Price / SF$233.24
Days on Market14
Property Features for 8108 N SEMMES STREET
General Information
Standard status
Active
Size
1,715 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1987
Buildings
1
Construction
block construction
Listing Agency:
IMPACT REALTY TAMPA BAY
(813) 321-1200
Listed By:
Josh Green · License #3524995
(801) 441-8891
Source:
Endlesssummerrealty
Added: Oct 2
Changed: Oct 15
Last Checked: Oct 15 at 12:28AM
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 IMPACT REALTY TAMPA BAY
Investment Insights
Based on property information with market context.
This 1987 duplex at 8108 N Semmes Street in Tampa is built with block construction and contains 1,715 square feet. Unit A has been renovated and is leased. Unit B has HVAC updates; the property also has a new roof.
The property is less than 20 minutes from Tampa International Airport, the University of South Florida, the University of Tampa, and Downtown Tampa. Restaurants and entertainment options are also noted nearby.
The property is less than 20 minutes from Tampa International Airport, the University of South Florida, the University of Tampa, and Downtown Tampa. Restaurants and entertainment options are also noted nearby.
Key Highlights
- 1,715‑square‑foot duplex with block construction
- New roof
- Unit A is renovated and leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,018
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,360
$400.4K
Cap Rate 7%
$285,971
$286.0K
Cap Rate 9%
$222,422
$222.4K
Market Conditions
NOI Build-Up for 1,715 SF
Gross rent
$30.7K $17.88/SF
− Vacancy
−$2.1K −$1.21/SF
EGI
$28.6K $16.67/SF
− OpEx
−$8.6K −$5.00/SF
NOI
$20.0K $11.67/SF
Area
Tampa, FL
Vacancy
6.74%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,360
Cap Rate 7%
$285,971
Cap Rate 9%
$222,422
Alternative Uses
Best Use
Multifamily LT 5
$286.0K
$250.2K – $333.6K
NOI $20,018 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$265.9K
$232.7K – $310.2K
NOI $18,612 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$399.5K
$349.6K – $466.1K
NOI $27,968 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
Explore this area
Business Placement
Demographics for 33604, FL
39,071
Population
17,053
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
5,209
Density / Sq Mi
$55,988
Median Household Income
$39,537
Median Earnings
$1,326
Median Rent
$264,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - The two-unit property includes a renovated residence and a second unit with updated HVAC.
Where is this duplex located?
The property is located at 8108 N SEMMES STREET Tampa, FL.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: 1,715‑square‑foot duplex with block construction; New roof; Unit A is renovated and leased
