NOT LISTED FOR SALE

702 E 113th Ave Unit 28 Tampa, FL 33612

University Square Neighborhood
-- Bed
-- Bath
25,220 Sq Ft
2.36 Acres

Last Sold June 25, 2020

Last sale price $2,900,000 $115 Per Sq Ft

185 Days on Market

Highlights

  • 2.36 Acre Lot
  • Solid Surface Countertops
  • Covered patio or porch
  • Property is near public transit
  • No HOA
  • Oversized Lot

About This Home

As of June 2020

Back on Mkt! Hard to find medium size multifamily income property with 8.0% Cap rate on cash sale base numbers! Great location surrounded by quiet single family homes. 28 -2 bed rm 1.5 bath 2 story town homes ! Not 4 plexes! No HOA pvt owned complex! Each unit has individual laundry closets & Central Air! 20 units remodeled now with new kitchen & bath cabinets with granite counters! Each re-painted & re-carpeted before rental. Now at current max rate for new Sec 8 lease in this zip code of $1045/mo which owner includes water sew & garbage. Get half the monthly income directly from sec 8!..renewals of sec 8 can be raised with mkt rents. Owner also gets security deposit equal to rent at move in. Could add private water metering & 3rd party billing to gain extra income. Great location only 1.5 miles to the soon redeveloped University mall, 2.0 miles to USF and 2.5 miles to new VA addition, & new Hospital addition. Only 3 blocks to I275! Great upside to investment in this location! Short walk to bus stop on Nebraska or to Fowler but plenty of parking lot for all the tenants. Currently doing RR on exterior and re painting (2 Buildings done) & couple roofs redone. Can consider assuming 4.03% loan of 1.2mil with 8 yrs left must qualify. Has an affordable leased storage shed & office trailer on site. Self managed! EZ to keep rented! No comparison in Tampa! Decided give up opportunity & retire to travel as last child is in college. All information deemed reliable but subject to verification of buyer & buyer agent.

Last Listed By

Ernest Harpster III

LPT REALTY, LLC License #3186558 Listed on: 08/08/2019

LPT REALTY, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,796

Year Built

  • Built in 1983

Lot Details

  • 2.36 Acre Lot
  • Oversized Lot

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 25,220 Sq Ft Home
  • Window Treatments
  • Combination Dining and Living Room
  • Security System Owned
  • Laundry closet

Kitchen

  • Range with Range Hood
  • Solid Surface Countertops

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • Oversized Parking
  • Common or Shared Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Covered patio or porch
  • Exterior Lighting

Location

  • Property is near public transit
  • City Lot

Schools

  • Wharton High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 28 Units
  • 27,496 Sq Ft Building
  • Unplatted Subdivision

Building Details

  • Gross Income $351,120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,796

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Construction Materials: Block, Stucco, Wood Frame, Wood Siding
  • Fireplace: No
  • Living Area: 25220
  • Lot Size Acres: 2.36
  • New Construction: No
  • Year Built: 1983
  • Building Area Total: 27496
  • Lease Term: 12 Months
  • Lot Size Sq Ft: 102801
  • Tenant Pays: Electricity
  • Directions to Property: I 275 to Fowler to Nebraska Ave south to E 113th Ave right to complex on right.
  • Status: Sold
  • Street Direction: E
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/T3191611?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/T3191611?w=Customer
  • Unit Count: 1
  • Total Acreage: 2 to less than 5
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.90625
  • Price per Sq Ft: 114.99
  • Close to Original List Price Ratio: 0.90625
  • Ratio: Current Price\Building Area Total: 105.47
  • View: No
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2019
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Laminate, Vinyl
  • Interior Amenities: Living Room/Dining Room Combo, Solid Surface Counters, Window Treatments
  • Appliances Included: Electric Water Heater, Range, Range Hood, Refrigerator
  • Spa Yn: No
  • Street Number Modifier: 702
  • Number Of Buildings: 8
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Lighting
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Covered, Rear Porch
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12057C0212H

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Common, Off Street, Open, Oversized
  • Open Parking: Yes

Utilities

  • Utilities: Electricity Connected, Public, Sewer Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Laundry Closet, Other
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Security: Closed Circuit Camera(s), Security System Leased, Security System Owned
  • Senior Community: No

Schools

  • High School: Wharton-HB

Lot Info

  • Zoning: PD
  • Parcel Number: A-13-28-18-ZZZ-000005-35100.0
  • Additional Parcels: No
  • Lot Features: City Lot, Near Public Transit, Oversized Lot
  • Lot Dimensions: 0x0x0x0
  • Flood Zone Code: X
  • Flood Zone Date: 2008-08-28
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Total Actual Rent: 29110

Multi Family

  • Gross Income: 351120
  • Number Of Units Total: 28

Tax Info

  • Tax Annual Amount: 28795.86
  • Tax Block: 5
  • Tax Book Number: 65-29

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2020 06/25/20 Sold $2,900,000 -9.4% $115 / Sq Ft
02/07/2020 02/07/20 Pending -- -- --
09/19/2019 09/19/19 For Sale $3,200,000 0.0% $127 / Sq Ft
09/03/2019 09/03/19 Pending -- -- --
08/06/2019 08/06/19 For Sale $3,200,000 -- $127 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ernest Harpster III

    Seller's Agent in 2020

    Ernest Harpster III

    LPT REALTY, LLC

    (813) 919-8658

    2 in this area

    39 Total Sales

    Ernest Harpster III
    Section Image

  • L

    Buyer's Agent in 2020

    Larry Reid

    SIGNATURE REALTY ASSOCIATES

    (813) 689-3115

    1 in this area

    10 Total Sales

    Larry Reid
    Section Image
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Map

Source: Stellar MLS

MLS Number: T3191611

Stellar MLS

Florida Hillsborough County Tampa 33612 University Square

702 E 113th Ave Unit 28, Tampa, FL

Homes for Sale in Tampa, FL

This home is located at 702 E 113th Ave Unit 28, Tampa, FL 33612 since 08 August 2019. This property was built in 1983. 702 E 113th Ave Unit 28 is a home located in Hillsborough County with nearby schools including Shaw Elementary School, Adams Middle School, and Wharton High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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