1210 E 140th Avenue, Tampa, FL 33613
- $265,000
- 3
- BD
- 2
- BA
- 1,323
- SqFt
- List Price
- $265,000
- Status
- Active
- Days on Market
- 64
- Price Change
- ▼ $20,000 1785178292
- MLS#
- TB8511454
- Property Style
- Duplex
- Year Built
- 1969
- Bedrooms
- 3
- Bathrooms
- 2
- Living Area
- 1,323
- Lot Size
- 9,179
- Acres
- 0.21
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Byars Revision Of Sunnyland Ac
- MLS Area Major
- Tampa
Property Description
MASSIVE PRICE ADJUSTMENT. NOW AROUND AN 8% CAP. Income-Producing VALUE-ADD Tampa Duplex with Immediate Cash Flow & Strong Rental Upside Opportunity to acquire a cash-flowing duplex in a rapidly growing Tampa market with significant upside potential. 1210 E 140th Ave is currently generating $2,300 per month in gross rental income with both units occupied and tenants expressing interest in remaining, providing immediate income from day one. The property consists of a 2-bedroom, 1-bath unit currently leased at $1,300/month and a 1-bedroom, 1-bath unit leased at $1,000/month. Both tenants are on month-to-month agreements, offering investors flexibility to maintain occupancy, increase rents, or implement a value-add strategy. This property presents a clear path to increased cash flow through strategic interior improvements and repositioning. Estimated market rents after renovation are approximately $1,600/month for the 2-bedroom unit and $1,300-$1,400/month for the 1-bedroom unit, creating a compelling opportunity to boost NOI and long-term asset value. Recent capital improvements include a roof replacement in 2016 with central HVAC replacement in Unit A in 2016 and wall unit AC in unit B. Utilities are investor-friendly with separate electric meters for each unit, allowing tenants to pay their own electric service. Water is supplied through a shared meter and averages approximately $100 per month. Whether you're looking to expand an existing portfolio, complete a value-add renovation project, or secure a cash-flowing asset in one of Florida's strongest rental markets, this duplex offers both immediate income and long-term appreciation potential. Properties at this price point with in-place income and rental upside are becoming increasingly difficult to find in Tampa. Schedule your showing today. Property being sold AS-IS. Tenant occupied. Seller will make no repairs.
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Additional Information
- Taxes
- $3735
- Annual Gross Income
- 27600
- Community Features
- No Deed Restriction
- Zoning
- RMC-20
- Interior Layout
- L Dining, Thermostat
- Interior Features
- L Dining, Thermostat
- Utilities
- Public
- Heating
- Central, Ductless
- Air Conditioning
- Central Air, Wall/Window Unit(s)
- Exterior Construction
- Block, Brick
- Exterior Features
- None
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Flood Zone Code
- x
- Parcel ID
- U-06-28-19-1GH-000002-00011.0
- Legal Description
- BYARS REVISION OF SUNNYLAND ACRES THE W 64 FT OF LOT 11 BLOCK 2
Listing courtesy of MCBRIDE KELLY & ASSOCIATES. 813-254-0900
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