Pending
1024 E CRENSHAW ST
TAMPA FL, 33604
$924,990
$250.27 per sqft
Pending
7 Beds
5 Baths
3,696 sqft
Multi-family
Built in 1937
Under contract-accepting backup offers. 2 COMPLETELY RENOVATED duplexes on one lot, OFFERING A 8%+ CAP RATE, right off 275 Hwy and 41 N Florida Ave (numerous commercial and restaurant options), just 10 minutes off downtown Tampa as well as USF. The property will soon be generating $86,400/yr in income, but would also be a FANTASTIC AIRBNB OPPORTUNITY to push this income higher (see description below for proximity to major Tampa Bay sites/attractions). NO HOA and NO FLOOD INSURANCE REQUIRED. The properties have the following units and leases (total 7 beds and 5 bathrooms)...1 bed/ 1 bath studio at $1,300/month, lease ending 9/1/2024...1 bed, 1 bath at $1,650/month, lease ending 5/1/2025...3 bed, 2 bath at $2,250/month, lease ends 3/1/2025...2 bed, 1 bath JUST LISTED FOR RENT at $2,000/month and should have a tenant soon.
The properties have SEPARATE METERS AND SEPARATE WASHER/DRYER for ALL UNITS as well as 4 parking stalls, 2 parking spots behind a fence with gate and significant street parking. The properties also have a NEW ROOF, HVACs (mini-splits on 2 units for affordability), ELECTRICAL, PLUMBING (including new water heaters), and were fully renovated inside and out. Renovations include new laminate flooring in 3 of the units, paint inside and out, washer and dryer for all units, extended parking pads, trees trimmed; the kitchens have quartz countertops throughout, new cabinets, and new appliances; the bathrooms have tiled showers with new vanities. The properties are located in a gentrified section just north of DOWNTOWN (about 10 minutes), down the street from TGT POKER AND RACEBOOK FACILITY (soon to be redeveloped), 15 minutes from AMALIE ARENA, HISTORIC YBOR, the TAMPA RIVERWALK, and RAYMOND JAMES STADIUM. The value in the area is increasing at an above-average rate. The street they are located on has predominantly renovated single-family housing and a few other multi-family homes.
T3541655
MLSⓇ ID
July 15, 2024
Listed
September 4, 2024
Updated
Map
1024 E CRENSHAW ST
TAMPA FL, 33604
Interior Features
Total Stories
2
Bedrooms
7
Total Bathrooms
5
Interior Features
Thermostat
Laundry Description
In Garage, Inside
Fireplace
Yes
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.12 Acres
Exterior Features
Balcony
Roof
Metal, Shingle
Sewer
Public Sewer
School Information
High School
Chamberlain-HB
Elementary School
Foster-HB
Other Property Details
Area Name
33604 - Tampa / Sulphur Springs
Taxes
$6,335
Tax Frequency
Annually
Days on Market
14
Garage
No
View
No
County
Hillsborough
Municipality
28
Water Source
Public
Pool
No
Zoning
SH-RS
Listing History
Date | Event | Price |
---|---|---|
7/31/2024 | Pending | — |
7/22/2024 | Price change | $924,990 -3% |
Listed by MCBRIDE KELLY & ASSOCIATES
Listing Contact: 813-254-0900
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Data last updated 9/4/2024, 3:21 PM UTC