3601 N 55th St., Tampa, FL 33619

Attention Investors:

Four fully occupied duplexes for sale. Each duplex contains two identical 3 bedroom/1 bathroom, 1105 sf units (1 floor). Three of the duplexes are on 1 lot and the 4th duplex is 203 ft away on the same street. There is off-street parking for each duplex. PLEASE DO NOT DISTURB TENANTS.

Addresses:
3601 N 55th St
3603 N 55th St
3605 N 55th St
3420 N 55th St

Year Built: 1984 (all 4 buildings)
All 8 units have been updated
All 8 units contain: Stove/Refrigerator, Washer/Dryer hookups, Central Air/Heat 
All 8 units on yearly leases
All 8 units are Section 8 approved ($800 month)

Unit # | Rent Amt | Roof Replaced 
3601A -- $750.00 --- 2011 
3601B -- $700.00 --- 2011
3603A -- $800.00 --- 2012 
3603B -- $750.00 --- 2012 
3605A -- $750.00 --- 2012 
3605B -- $750.00 --- 2012 
3420A -- $800.00 --- 2012 
3420B -- $800.00 --- 2012

Monthly Numbers: 
Rents: $6,100.00 
Taxes: $366.00 
Insurance: $266.66 
Property Management: 10% ($610.00)
Lawn: $100
Water/Trash: $600.00 (This could be eliminated by adding 4 meters and would increase CAP by 1.5% and ROI by 7.5%) 

Monthly Cash Flow $4,167.34 

Annual Numbers: 
Rents: $73,200
Expenses: $23,192 (Includes Taxes, Insurances, Water and Property Management) 

Net: $50,008
CAP Rate: 11.11% (This could be increased by 1.5% by adding 4 water meters)