2203-2207 Irene St - Apartments FOR SALE


Lutz, FL 33549
$1,699,900 USD
727-481-4502
2203-2207 Irene St, Lutz, FL for Sale
$1,699,900 USD
Apartments - FOR SALE
1/21
null | 5.4% Cap Rate

2203-2207 Irene St
Lutz, FL 33549


HIGHLIGHTS

  • 100% Occupied
  • Property is Well Maintained
  • Close to USF

OVERVIEW

We are proud to present Irene Street Apartments in Lutz, FL for Sale. This offering includes (2) quadplexes and (1) duplex for a total of (10) units with 100% occupancy! Each layout is a 2 bed /1 bath configuration with roughly 705 SF. The sale includes three parcels; addresses 2203, 2205, & 2207 Irene Street. All of the buildings had new roofs installed in 2018. Many of the AC units have also been replaced. All of the units have had work done with most of them being fully updated with new kitchen cabinets & countertops, new appliances, new flooring, and new bathroom features. Exteriors were painted in 2025, and the parking lot was re-paved. Future ownership may also elect to add an on-site laundry facility to increase income. For a full review of the Financial Offering, please sign the Confidentiality Agreement.

FOR SALE DETAILS

PRICE

$1,699,900 USD

PRICE/SF

$241 USD /SF

# OF UNITS

10

PRICE/UNIT

$169,990

CAP RATE

5.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

RMC-16

APN/PARCEL ID

U-05-28-19-1FQ-000002-00008.0,U-05-28-19-1FQ-000002-00009.0,U-05-28-19-1FQ-000002-00010.0

ASK ABOUT THIS PROPERTY

Jason WelchStress Free Property Management, Inc.More Info
727-481-4502

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Jason WelchStress Free Property Management, Inc.More Info
727-481-4502

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.