9613 15Th St Tampa, FL 33612
- Commercial real estate
- 0.13 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 9613 15Th St
- Year built
- 1980
- Lot size
- 0.13 lot acres
- Property type
- Commercial real estate
Description
This exceptional Tampa duplex presents a compelling investment opportunity. Completely renovated in 2024, this two-unit apartment building boasts a new roof, electrical system, kitchens, bathrooms, and flooring. Both the interior and exterior have been freshly painted, and a new driveway has been installed. Situated on a 0.13-acre lot in Hillsborough County (zip code 33612), this property benefits from RS-50 zoning and is free from HOA, flood zone, and CDD fees. The building, constructed in 1980, offers 1,437 square feet of net rentable space, spread across two stories. Currently, one unit commands a monthly rent of $1,550 with a guaranteed lease, while the other rents for $1,500 per month. Both leases are nearing expiration, providing the new owner with flexibility to adjust rental rates to market value or retain the existing tenants. Each unit features separate water and electric meters, with tenants responsible for their utilities. Annual owner expenses include $2,150 for insurance, $600 for yard maintenance, and property taxes. The property's current NOI is $30,346, with a pro-forma NOI of $38,146, resulting in a 7.68% cap rate and a pro-forma cap rate of 9.66%. The asking price is $395,000, or $197,500 per unit. This low-maintenance, high-yield investment is ready for immediate occupancy. The property is being sold as-is.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tampa
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.4426287
- Latitude
- 28.0368949
