Multi-Family•Low-Rise/Garden•For Sale

Two Apartment Buildings - 8 unit portfolio

3124 W. Sligh Ave, Tampa, Florida 33614

Sale Price $950,000
Zoning RMC-20
Stories 2
Cap Rate 7.35%
Gross Bldg 8,348 SqFt
RBA 4,688 SqFt
Land Area Acres
Project Size 8
Improvements PORTFOLIO HAS 8 UNITS LOCATED AT TWO ADDRESSES: 4 units located at 3124 W Sligh Ave in Tampa and 4 units located at 220 Tulane Ave in Clearwater.
Net Op Inc $69,846
Upside Potential to Increase Rents and Returns! Great investment opportunity! Eight 2 bedroom/2 bathroom units (4 units located at 3124 W Sligh Ave in Tampa for $499,000 and 4 units located at 220 Tulane Ave in Clearwater for $475,000). All 8 units have been updated. All 8 units have tenants. 3124 W Sligh Ave 3124 W Sligh Ave Gross Annual Income: $50,328. 220 Tulane Ave Gross Annual Income: $48,540. Total Gross Income for both properties: $98,868. Total Annual Expenses: $29,022. Net Operating Income: $69,846.00. Each location has plenty of parking. PORTFOLIO HAS 8 UNITS LOCATED AT TWO ADDRESSES: 4 units located at 3124 W Sligh Ave in Tampa for $499,000 and 4 units located at 220 Tulane Ave in Clearwater for $475,000
  • Upside Potential to Increase Rents and Returns
  • Great Investment opportunity
  • Units have been updated
  • All units occupied
  • Great location
  • 3124 W Sligh Ave in Tampa - $499,000
  • 220 Tulane Ave in Clearwater - $475,000
10/2/2019 4:24:35 PM 12/6/2019 5:34:53 PM
Kari Lynn Grimaldi
Broker / President
Grimaldi Commercial Realty Corp.
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