Photo 1 of 1
$720,000
Sold on 1/11/24
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
2,582 |
$1,795 |
1918 |
On the market:
175 days
|
View full details, 15 photos, school info, and price history
Welcome to a unique real estate gem that offers the perfect blend of comfort and opportunity! This distinguished property, comprising of a duplex and a single-family home on one extensive lot, is an investor's dream and an owner's delight.
The duplex, designated as Unit A and B, is currently accommodating residents at $1,700 and $1,949 respectively. Yet, the real charm lies in its potential. With minor adjustments, the rent could elevate to a remarkable range of $2,200 - $2,400 per unit, unlocking unprecedented value and income.
Unit A, with its open-plan layout and cozy ambience, offers residents a delightful living experience. Simultaneously, Unit B enchants with its spacious interiors and modern amenities.
But wait, the offerings don't stop there! An enchanting single-family home nestles on the same lot, currently fetching $1,400 in rent. A minimal investment in updating the kitchen, bathroom, and flooring could skyrocket the income to an impressive $2,400, making it an irresistible prospect.
Currently, this property generates a gross income of $59,964. However, with the right attention, the turnkey expected gross income could surge to $75,600. Moreover, with updates, this number could further rise to a whopping $87,600.
So why wait? Experience the joy of living in a charming home while the other units contribute to your wealth. This property is a manifestation of the phrase 'the best of both worlds.' Indulge in the comfort of a warm home and rejoice in the consistent stream of passive income it provides.
***LOCATION HIGHLIGHTS***
Convenient to Over 74,000 Jobs & 4,100 Companies Including Major Employers and attractions such as the University of South Florida, Busch Gardens, Yuengling Brewing Company, and Adventure Island.
Located in Close Proximity to Over $2 Billion in New Developments Including the $1 Billion “Uptown” University Mall Redevelopment, the $256 Million Advent Health Expansion Development, the $400 Million Moffitt Cancer Center Development, and the Yuengling Brewery Campus Expansion Development.
Listing courtesy of Antonio Beccaria, LPT REALTY