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Spring Villas 8315 N Semmes St

2 Unit Block of Flats £297,453 (£148,726/Unit) 7.06% Net Initial Yield Tampa, FL 33604

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 £297,453
Price Per Unit £148,726
Sale Type Investment
Net Initial Yield 7.06%
No. Units 2
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Building Size 1,602 SF
Average Occupancy 100%
Number of Floors 1
Year Built/Renovated 1981/2023
Opportunity Zone Yes

Unit Amenities

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

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
A-30-28-19-46S-000000-00146.0
Land Assessment
£36,955
Improvements Assessment
£115,516
Total Assessment
£152,471
  • Listing ID: 31481307

  • Date on Market: 11/04/2024

  • Last Updated:

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

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