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Spring Villas 8315 N Semmes St 2 Unit Apartment Building £281,911 (£140,956/Unit) 7.06% Net Initial Yield Tampa, FL 33604

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INVESTMENT HIGHLIGHTS

  • 100% Leased
  • Central Tampa Location
  • Professional Management Available

EXECUTIVE SUMMARY

North central Tampa duplex. 100% occupied. Professional management available. Recent renovations in 2023 include all new floors, kitchen cabinets, new AC, new windows (Unit A) and bathroom remodel, new flooring, new fixtures, new windows (Unit B). Both units have received updated plumbing. Both units leased at $1500/month. Close proximity to downtown, bush gardeners, parks, and major hospitals.
Cost Analysis Performed as Rental Property
In:
Rent - $36,000.00

Out:
(Annual) Property Taxes - $3,723.00
(Annual) Estimated Insurance - $1,790.00
(Annual) Property Management (Optional) - $2,520.00
(Annual) Estimated Utilities/Lawn/Repair/Misc. - $1,320.00
Total Costs - $9,353.00

Net: $26,647.00

Earn:
Total yearly net equates to - $26,647.00
Total monthly gross equates to - $3,000.00
TOTAL MONTHLY NET EQUATES TO - $2,220.58

PROPERTY FACTS

Price £281,911
Price Per Unit £140,956
Sale Type Investment
Yield 7.06%
No. Units 2
Property Type Build-to-Rent
Property Subtype Apartment
Apartment Style Low-Rise
Costar Property Class C
Total Plot Size 0.12 ac
Property Size 1,602 sq ft
Average Occupancy 100%
No. Floors 1
Year Built/Renovated 1981/2023
Opportunity Zone Yes
Use Class RS-50

AMENITIES

UNIT AMENITIES

  • Heating
  • Kitchen
  • Oven
  • Range
  • Tub/Shower

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
A-30-28-19-46S-000000-00146.0
Land Assessment
£38,866
Improvements Assessment
£108,564
Total Assessment
£147,429
  • Listing ID: 31481307

  • Date on Market: 11/04/2024

  • Last Updated:

  • Address: 8315 N Semmes St, Tampa, FL 33604

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