Irene Street Apartments
2207 Irene Street, Lutz, Florida 33549
KW Commercial is proud to represent Irene Street Apartments in Lutz, FL for Sale. This offering includes (2) quadplexes and (1) duplex for a total of (10) units. Each unit comprises a 2/1 configuration with roughly 705 SF. The Sale includes three parcels; addresses 2203, 2205, & 2207 Irene Street. All of the buildings had new roofs installed in 2018. Interior wise, 1 of the 10 units has been fully upgraded with granite countertops, new appliances and new bathroom features. Future ownership has the value add upside to renovate the remaining 9 units and increase rents to market rent of $950/month. New ownership may also elect to add an onsite laundry facility to increase income. For a full review of the Financial Offering, please sign the Confidentiality Agreement attached to the Initial Offering Memorandum and return to Broker.
The property is located just north of E Bearss Ave. between I-275 and Bruce B Downs Blvd.
- - 10 Units of Multifamily for Sale with interior value add potential.
- - Located in the North Tampa Market of Lutz near the University District.
- - Property is on septic.
- - 9 of 10 units remain to be upgraded and rents increased to market.
- - Additional value add by creating onsite laundry facility.
5/17/2019 6:21:44 PM
8/16/2019 4:55:43 PM