Welcome to an exceptional investment opportunity in the vibrant city of Tampa, Florida, brought to you by USF. This offering presents a truly unique chance to acquire an entire block of real estate comprising six buildings with a total of 12 units. The majority of the units have undergone extensive remodeling, with only two awaiting renovation, ensuring modern living standards and aesthetic appeal. Each unit boasts a spacious layout of one bedroom and one bathroom, catering to the needs of various tenants.Currently, the average rental income per unit stands impressively at around $1300, reflecting the strong demand for housing in the area. Furthermore, with the potential for future development, the property holds even greater promise. As the city of Tampa continues to experience growth, there exists the possibility to replace existing units with townhomes, expanding the portfolio and maximizing returns. Additionally, there are no restrictions on the properties, affording flexibility in rental strategies. Whether it's long-term leases, short-term rentals, or even daily Airbnb listings, you have the freedom to explore various avenues for income generation. Moreover, this offering is just the beginning, as the sellers have an additional 13 units slated for sale in the upcoming week. For those interested in expanding their investment portfolio further, this presents an excellent opportunity to capitalize on the burgeoning real estate market in Tampa. Don't miss out on this chance to secure a lucrative investment in a prime location with endless potential for growth and profitability. Contact us now to learn more and seize this extraordinary opportunity!
Property Details
Property Features
Property Information:
Year Built: 1968
Living Area: 13,872 SqFt
Listing Office:
Office Name: KELLER WILLIAMS SOUTH TAMPA
Office Phone: (813) 875-3700
Listing Agent: Aldo Delacruz
Interior Features
Interior Information:
Interior: Living Room/Dining Room Combo, Open Floorplan
This property is $1.5M more than the Median Sold Price and $125/SqFt less than other homes in Tampa, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MFRMLS
MLS Number: #T3520670
Listing Office:
Office Name: KELLER WILLIAMS SOUTH TAMPA
Office Phone: (813) 875-3700
Listing Agent: Aldo Delacruz
Listings courtesy of Stellar MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.
Last updated on: 5/31/2024, 11:19:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$10K
Per Month
Principal & Interest
$9,982
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$6,063
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Miles Elementary School
317 E 124th Ave
Distance between this listing and this school0.45 miles
Public District Grades PK-5
6
/10
Usf/Patel Partnership Elementary School
11801 Usf Bull Run St
Distance between this listing and this school2.73 miles
Public District Grades KG-5
8
/10
Metropolitan Ministries Partnership Elementary School
102 E Palm Ave
Distance between this listing and this school6.66 miles
Public District Grades KG-5
Middle School
5
/10
Liberty Middle School
17400 Commerce Park Blvd
Distance between this listing and this school6.59 miles
Public District Grades 6-8
High School
3
/10
Freedom High School
17410 Commerce Park Blvd
Distance between this listing and this school6.58 miles
Public District Grades 9-12
7
/10
Hillsborough Virtual School
901 E Kennedy Blvd
Distance between this listing and this school7.55 miles
Public District Grades KG-12
Assigned Schools
4
/10
Miles Elementary School
317 E 124th Ave
Distance between this listing and this school0.45 miles
Public District Grades PK-5
6
/10
Usf/Patel Partnership Elementary School
11801 Usf Bull Run St
Distance between this listing and this school2.73 miles
Public District Grades KG-5
8
/10
Metropolitan Ministries Partnership Elementary School
102 E Palm Ave
Distance between this listing and this school6.66 miles
Public District Grades KG-5
Assigned Schools
5
/10
Liberty Middle School
17400 Commerce Park Blvd
Distance between this listing and this school6.59 miles
Public District Grades 6-8
Nearby Schools
1
/10
Adams Middle School
10201 N Boulevard
Distance between this listing and this school1.50 miles
Public District Grades 6-8
3
/10
Van Buren Middle School
8715 N 22nd St
Distance between this listing and this school2.11 miles
Public District Grades 6-8
Assigned Schools
3
/10
Freedom High School
17410 Commerce Park Blvd
Distance between this listing and this school6.58 miles
Public District Grades 9-12
7
/10
Hillsborough Virtual School
901 E Kennedy Blvd
Distance between this listing and this school7.55 miles
Public District Grades KG-12
Nearby Schools
1
/10
West University Charter High School
11602 N 15th St
Distance between this listing and this school0.56 miles
The neighbors living near this home have an average income of $48,947. Most Tampa, FL residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
This home is located at 919 E 122nd Ave in Tampa, FL and zip code 33612 in the North Tampa neighborhood. This 13,872 square foot home, which was built in 1968, sits on a 0.84 acre lot. Features: 12 bedrooms, 12 bathrooms. It has been listed on Rocket Homes since April 22, 2024 and is currently priced at $1,999,999.
While more than 131 listings in Tampa, FL in April 2024 were sold above asking price, there were more than 167 listings sold at asking price, and more than 457 were sold below. The inventory of homes for sale in Tampa, FL between March 2024 and April 2024 increased by 2.6%. While the average time on the market in April 2024 was 40 days, the median list price was $411,476.
From Rocket Homes Real Estate and based on county public records data.