635 S 63rd St
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635 S 63rd St
7 Unit Block of Flats £680,732 (£97,247/Unit) Tampa, FL 33619
Investment Highlights
- Prime redevelopment investment for an up and coming area.
- Perfect for a larger multi family building, possible retail as well.
Executive Summary
Prime Investment Opportunity - 4 Building - 7 Unit Income Property, on 1.25 acres with Commercial Zoning & Future Development Potential. This outstanding income-producing property in a highly sought-after location. This well-maintained 4-unit Multifamily Residence offers a fantastic opportunity for Investors and Owner-Occupants looking to grow their Real Estate Portfolio. What sets this property apart are its commercial zoning and exciting potential for future development. Located in desired South Tampa, this property offers convenience and easy access to amenities, schools, public transportation, and more. Sitting on 3 Parcels of Land, and included in the purchase are 2 separate Duplexes, each featuring 1 Bedroom and 1 Bathroom per side. 2 Single Family Homes, one consisting of 2 Bedrooms and 2 Bathrooms with a separate Efficiency unit collecting a separate rental income, and a 1 Bedroom 1 Bathroom Single Family Dwelling. All units have separate Electric Meters and shared Water. All Tenants are long-term, on Month to Month Leases, and paying Below Market Rent.
Property Facts
| Price | £680,732 | Lot Size | 150.00 AC |
| Price Per Unit | £97,247 | Building Size | 4,242 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Sale Conditions | Development Sale | Number of Floors | 1 |
| No. Units | 7 | Year Built | 1972 |
| Property Type | Residential | Parking Ratio | 7.31/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | £680,732 |
| Price Per Unit | £97,247 |
| Sale Type | Investment |
| Sale Conditions | Development Sale |
| No. Units | 7 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Lot Size | 150.00 AC |
| Building Size | 4,242 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built | 1972 |
| Parking Ratio | 7.31/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 3 | £665.08 | 600 - 1,000 |
| 2+2 | 1 | £978.06 | - |
| 2+1 | 2 | £606.40 | - |
| Studios | 1 | £391.23 | - |
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PROPERTY TAXES
| Parcel Number | U-23-29-19-ZZZ-000001-51150.0 | Improvements Assessment | £70,164 |
| Land Assessment | £35,249 | Total Assessment | £105,413 |
PROPERTY TAXES
Parcel Number
U-23-29-19-ZZZ-000001-51150.0
Land Assessment
£35,249
Improvements Assessment
£70,164
Total Assessment
£105,413
zoning
| Zoning Code | CR-1 (Commercial residential) |
| CR-1 (Commercial residential) |
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635 S 63rd St
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