Active

$650,000

Features:
  • 6 Bedrooms
  • 3 Bathrooms
  • 2127 sq ft
Overview
  • ID: MFRTB8540301
  • Bedrooms: 6
  • Bathrooms: 3
  • Size: 2127 sq ft
Property Details
Remarks
Introducing a rare, fully renovated triplex investment opportunity in the heart of V.M. Ybor, one of Tampa’s most dynamic and rapidly evolving urban neighborhoods. Extensively renovated in 2023, nearly every major aspect of the property has been updated, offering investors a turnkey income-producing asset with limited near-term maintenance. The property features a highly desirable three-unit configuration, with the main residence consisting of a spacious 3-bedroom, 1-bath unit previously renting for $2,800 per month and a 2-bedroom, 1-bath unit previously renting for $1,800 per month, along with a detached 1-bedroom, 1-bath accessory dwelling unit providing additional privacy and currently leased at $1,400 per month with approximately seven months remaining on the lease. At full occupancy, the property previously generated approximately $72,000 in annual gross rental income. The tenants in the 3-bedroom and 2-bedroom units recently moved out, creating an excellent opportunity for a new owner to immediately place new tenants, reposition rents, or explore alternative rental strategies based on their investment goals. Located less than a 10-minute drive from Downtown Tampa and just minutes from Ybor City, Tampa Heights, Armature Works, the Tampa Riverwalk, and some of the city’s largest employment, entertainment, and development districts, this property is positioned directly in the path of Tampa’s continued growth. Significant redevelopment, new construction, and investment throughout V.M. Ybor and the surrounding urban core continue to transform the area and strengthen its long-term appeal. Whether you're an investor seeking strong rental income, an owner-occupant looking to offset housing costs with two additional units, or a buyer looking to secure a multi-family asset in a rapidly growing Tampa neighborhood, this renovated V.M. Ybor triplex offers a compelling combination of proven rental history, multiple income streams, extensive 2023 renovations, and an exceptional location minutes from the heart of the city.
Financial Considerations
Price:
$650,000
HOA Fee:
N/A
Tax Amount:
$4530
Price per SqFt:
$305.59
Tax Legal Description:
PANAMA LOT 10 BLOCK 9
Exterior Features
Lot Size:
5000
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Metal, Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
6
Bathrooms:
3
Heating:
Central, Electric
Cooling:
Central Air
Appliances:
Built-In Oven, Cooktop, Disposal, Gas Water Heater, Microwave, Refrigerator
Furnished:
No
Floor:
Vinyl
Levels:
One
Additional Features
Property Sub Type:
Triplex
Style:
N/A
Year Built:
1926
Construction Type:
Asbestos
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Lighting, Private Entrance, Private Mailbox
Additional Features 2:
N/A
Map
  • Address
    1406 E 21ST AVE
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