1210 E 140TH AVE Tampa, FL 33613
3 Beds
2 Baths
1,323 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,323 sqft
Price per Sqft $225
Subdivision Byars Revision Of Sunnyland Ac
MLS Listing ID TB8511454
Bedrooms 3
HOA Y/N No
Year Built 1969
Annual Tax Amount $3,735
Lot Size 9,147 Sqft
Acres 0.21
Lot Dimensions 67x137
Property Sub-Type Duplex
Source Stellar MLS
Property Description
Opportunity to acquire a cash-flowing duplex in a rapidly growing Tampa market with significant upside potential. 1210 E 140th Ave is currently generating $2,300 per month in gross rental income with both units occupied and tenants expressing interest in remaining, providing immediate income from day one.
The property consists of a 2-bedroom, 1-bath unit currently leased at $1,300/month and a 1-bedroom, 1-bath unit leased at $1,000/month. Both tenants are on month-to-month agreements, offering investors flexibility to maintain occupancy, increase rents, or implement a value-add strategy.
This property presents a clear path to increased cash flow through strategic interior improvements and repositioning. Estimated market rents after renovation are approximately $1,600/month for the 2-bedroom unit and $1,300-$1,400/month for the 1-bedroom unit, creating a compelling opportunity to boost NOI and long-term asset value.
Recent capital improvements include a roof replacement in 2016 with central HVAC replacement in Unit A in 2016 and wall unit AC in unit B. Utilities are investor-friendly with separate electric meters for each unit, allowing tenants to pay their own electric service. Water is supplied through a shared meter and averages approximately $100 per month.
Whether you're looking to expand an existing portfolio, complete a value-add renovation project, or secure a cash-flowing asset in one of Florida's strongest rental markets, this duplex offers both immediate income and long-term appreciation potential.
Properties at this price point with in-place income and rental upside are becoming increasingly difficult to find in Tampa. Schedule your showing today.
Property being sold AS-IS. Tenant occupied. Seller will make no repairs.
Location
State FL
County Hillsborough
Community Byars Revision Of Sunnyland Ac
Area 33613 - Tampa
Zoning RMC-20
Interior
Interior Features L Dining, Thermostat
Heating Central, Ductless
Cooling Central Air, Wall/Window Unit(s)
Fireplace false
Laundry None
Exterior
Exterior Feature None
Utilities Available Public
Roof Type Shingle
Attached Garage false
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Brick
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8511454
