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3404 PHILLIPS ST #A-F
3404 PHILLIPS ST #A-F
3404 PHILLIPS ST #A-F
3404 PHILLIPS ST #A-F
3404 PHILLIPS ST #A-F
3404 PHILLIPS ST #A-F
3404 PHILLIPS ST #A-F
3404 PHILLIPS ST #A-F
3404 PHILLIPS ST #A-F
3404 PHILLIPS ST #A-F
3404 PHILLIPS ST #A-F
3404 PHILLIPS ST #A-F
3404 PHILLIPS ST #A-F
3404 PHILLIPS ST #A-F
3404 PHILLIPS ST #A-F
3404 PHILLIPS ST #A-F
3404 PHILLIPS ST #A-F
3404 PHILLIPS ST #A-F
3404 PHILLIPS ST #A-F
3404 PHILLIPS ST #A-F
3404 PHILLIPS ST #A-F
3404 PHILLIPS ST #A-F
3404 PHILLIPS ST #A-F
3404 PHILLIPS ST #A-F
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$1,350,000

3404 PHILLIPS ST #A-F

18 Beds 12 Baths 6,048 Sq.Ft.

Description

Welcome to the Prime DUPLEXES at 3402, 3404, and 3406 N Phillips St, Tampa, FL 33619 - an Unbeatable Investment Package!

Key Features that Set this Investment Apart:
TRIPLE BLOCK DUPLEXES. Acquire not one, not two, but THREE contiguous block duplexes, forming a solid block of SIX income-producing units. HIGH OCCUPANCY: Currently, 5 out of 6 units are leased, ensuring a steady and reliable income stream from day one.
LUCRATIVE RENTAL INCOME: With an impressive average rental income of $1,695 per month per unit, this investment promises substantial and consistent cash flow.WELL DESIGNED LAYOUTS: Each apartment boasts a spacious 3-bedroom, 2-bathroom layout, catering to the modern tenant's needs.RECENT RENOVATIONS: Witness the value-added enhancements, including newer roofs, and fresh exterior paint. 4 of the 6 units have been upgraded with new flooring, kitchen, baths and more - totalling $100,000 in improvements. These renovations not only enhance the property's appeal but also contribute to long-term durability and value. RAPID APPRECIATION:Rents have already increased by a remarkable 24% in less than 2 years, showcasing the potential for significant appreciation.STABLE TENANT BASE: We've strategically cleared out non-paying tenants and secured new, long-term occupants for increased stability. FUTURE POTENTIAL: This property is ripe for the savvy investor willing to secure higher rents and guaranteed payments using Gov't programs. Seize the opportunity to tap into this additional income stream! TENANT-PAID UTILITIES: Tenants contribute $70-$75 each for water/trash in addition to rent, ensuring minimal overhead for the savvy investor.SOLID FINANCIALS: Enjoy an annual rent of $112,387, with an 8% vacancy discount, and separate electrical meters - tenants foot the bill!

This meticulously curated portfolio of income-producing properties can be yours as a package deal for $1.4M or individually. Don't miss out on the chance to secure a sound and lucrative investment in the dynamic real estate market. Your future prosperity awaits! Contact us now to seize this golden opportunity!

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Location

3404 PHILLIPS ST #A-F, TAMPA, FL 33619

Status

Sold

Property Amenities

Interior
Laundry room Inside
Total Bedrooms: 18
Other Interior Features Ceiling Fans(s)
Area & Lot
Lot Area 5,600 Sq.Ft.
Living area 6,048 Sq.Ft.
MLS® ID T3503111
Year Built 1989
Type Multi-Family
Status Sold
Exterior
Stories 1
Air conditioning Central Air
Heat type Central
Water Source Public
Sewer Public Sewer
Other Exterior Features Other
Lot Features Corner Lot
Roof Shingle
Utilities BB/HS Internet Available, Electricity Connected, Sewer Connected, Water Connected
Finance
Sales Price $1,350,000
Real Estate Tax $4,074 yearly

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Work With Tami

Tami utilizes Compass’s high-tech marketing tools and materials to generate more awareness, better price points, and faster transactions, making the real estate journey more exciting than stressful. Work with Tami now!