$775,000
$799,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
3810 W CLEVELAND ST Tampa, FL 33609
3,248 SqFt
Key Details
Sold Price $775,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,248 sqft
Price per Sqft $238
Subdivision Allens Sub
MLS Listing ID T3280513
Sold Date 02/12/21
HOA Y/N No
Year Built 1983
Annual Tax Amount $10,916
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 50x133
Property Sub-Type Quadruplex
Property Description
Excellent income opportunity at a quadplex building in the heart of South Tampa! Two of units have been fully renovated. All very easily rentable as in highly desirable area in central South Tampa. Next to Cycle Bar, Ciccio Cali, LA Fitness, and Trader Joes.
Private parking for 2 cars per unit. Two tenants are newer with rents of $1400/month plus water/sewer/garbage bill back. Two tenants are long-standing tenants with rents ranging from $1,150-$1,250. Current contracted gross rental income of $62,700/year. Attainable gross rents of $72,000/year, based on increasing tenants to market rent of $1500/month and collecting full water. This affords a cap rate of 6.65% at a pro forma NOI of $53,250/year. See attached Pro Forma and Rent Roll. DO NOT DISTURB TENANTS.
Location
State FL
County Hillsborough
Community Allens Sub
Area 33609 - Tampa / Palma Ceia
Zoning RM-16
Interior
Interior Features Ceiling Fans(s)
Heating Central
Cooling Central Air
Flooring Tile
Fireplace false
Appliance Dishwasher, Electric Water Heater, Range, Range Hood, Refrigerator
Laundry Laundry Closet
Exterior
Exterior Feature Sidewalk
Parking Features Assigned
Utilities Available Cable Available, Electricity Connected, Sewer Connected
Roof Type Shingle
Porch Front Porch
Garage false
Private Pool No
Building
Entry Level Two
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Stucco
New Construction false
Schools
Elementary Schools Grady-Hb
Middle Schools Coleman-Hb
High Schools Plant-Hb
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2025 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with HIGHMARK REAL ESTATE