Investor Opportunity! This property is part of a 4-property, 10-unit portfolio available individually or as a complete package. Located in the Gibsonton/Ruskin area, all properties are within 20 minutes of each other, making it an ideal setup for efficient management. This specific property offers a new septic system installed, contributing to a portfolio-wide pro forma CAP rate of 10% and immediate 6-FIGURE cash flow. The entire portfolio is 80% stabilized with upside through lease-up and potential rent increases.
Financial Considerations
Price:
$399,000
HOA Fee:
N/A
Tax Amount:
$3023
Price per SqFt:
$164.27
Tax Legal Description:
GIBSONTON ON THE BAY 3RD ADDITION LOTS 217 AND 218 LESS RD'S R/W