Active

$730,000

Features:
  • 5 Bedrooms
  • 5 Bathrooms
  • 2480 sq ft
Overview
  • ID: MFRTB8390018
  • Bedrooms: 5
  • Bathrooms: 5
  • Size: 2480 sq ft
Property Details
Remarks
Incredible Investor Opportunity! Income-producing 5-unit multifamily in the heart of Tampa, located at 3015 W Collins St. Property has not been operated as a traditional investment property—units have been occupied by family members and rented at under-market value, leaving significant upside potential for a new owner to increase income and maximize returns. Situated on a quiet residential street within walking distance to Raymond James Stadium and St. Joseph’s Hospital. Convenient access to Midtown Tampa, Whole Foods, I-275, Tampa International Airport (10 min), and Downtown/Water Street. Three units are rented month-to-month with tenants happy to stay, one unit is owner-occupied, and one unit is vacant, ready for some TLC to lease long or short term. Tenants are open to staying under new terms. All units have separate electric meters; water is on one bill. Property includes a detached two-car garage with potential to convert into a 6th income-producing unit (buyer to verify with city). Interior spaces needs some TLC— paint, flooring, landscaping—to improve curb appeal and increase rent potential. Recent appraisal (April 2025) available to support listing price. Strong rental demand in the area. No HOA. No Rental restrictions. Solid block construction, 2018 Roof, on-site parking space for all units. Why This Property Stands Out: Undervalued Rents – Long-term family occupancy means immediate rent growth opportunity Garage Conversion Potential – Add a 6th unit or ADU Separately Metered Electric – Tenants pay their own utilities Month-to-Month Leases – Flexibility to raise rents or reposition Walk to Bucs games, concerts, restaurants, medical campuses, and city bus lines; bike to booming Midtown and Westshore business districts, location drives consistent tenant demand year-round. Don't miss this unique multifamily investment opportunity in one of Tampa’s most sought-after and fast-growing neighborhoods. Ready for value-add investors or owner-operators to bring this hidden gem to its full potential.
Financial Considerations
Price:
$730,000
HOA Fee:
N/A
Tax Amount:
$4715.71
Price per SqFt:
$294.35
Tax Legal Description:
DREW'S JOHN H SUB BLKS 11 TO 13 AND 34 TO 36 LOTS 7 AND 8 BLOCK 36 AND 10 FT CLOSED ALLEY ABUTTIN ON N
Exterior Features
Lot Size:
10800
Lot Features:
Oversized Lot
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Other, Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
5
Bathrooms:
5
Heating:
Ductless
Cooling:
Other, Wall/Window Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
Ceramic Tile
Levels:
Two
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1944
Construction Type:
Block, Concrete, Frame
Garage Spaces:
Yes
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Other
Additional Features 2:
N/A
Map
  • Address
    3015 W COLLINS ST
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
Featured Properties

Related Properties

avt
Daniel Dourado
$ 2,900,000
img
  • Featured
  • Active
Multi Family

1203 E DR MARTIN LUTHER KING JR BLVD

  • 0
  • 415 m²
avt
Daniel Dourado
$ 635,000
avt
Daniel Dourado
$ 4,999,000
avt
Daniel Dourado
$ 2,190,000
avt
Daniel Dourado
$ 2,500,000
avt
Daniel Dourado
$ 3,750,000
avt
Daniel Dourado
$ 4,500,000
avt
Daniel Dourado
$ 1,610,000
avt
Daniel Dourado
$ 850,000
avt
Daniel Dourado
$ 639,700
avt
Daniel Dourado
$ 1,700,000
avt
Daniel Dourado
$ 2,100,000