8 Duplexes in Tampa Florida Multi-Family FOR SALE


Tampa, FL - Temple Terrace
$2,200,000 USD
727-284-7368
, Tampa, FL for Sale
$2,200,000 USD
Multi-Family - FOR SALE
1/14
null | 9.6% Cap Rate

8 Duplexes in Tampa Florida
Tampa, FL
Temple Terrace


HIGHLIGHTS

  • 9.6 % In-Place Cap Rate — Cash Flow Day 1
  • less than 2 mi to USF (50 K students), 2.5 mi to Busch Gardens, 3 mi to AdventHealth & Moffitt Cancer Center; 1 mi to Fowler Ave retail corridor
  • 2 % EMD • 15-day due diligence • 30-day closing timeline

OVERVIEW

Snapshot a True Cash-Flow Engine in Tampa’s Growth Corridor Tucked into a quiet pocket of Temple Terrace—just two miles from the University of South Florida and minutes to AdventHealth, Moffitt Cancer Center, Busch Gardens, and the I-75/I-275 junction—This portfolio offers investors the best of every multifamily buzzword: concrete-block durability, walk-to demand drivers, sub-replacement pricing, and an in-place yield that starts at 9 .6 percent and only goes up from there. Eight solid-block duplexes spread across eight contiguous lots create sixteen stand-alone 1 bed / 1 bath cottages. Each home enjoys private yard space, individual electric metering, mini-split HVAC, and off-street parking—features renters covet yet almost never find at this price point. Current leases average $1,280/month (no unit below $1,080) and throw off $210,060 NOI, equating to $137,500 per door and an in-place 9.6 % cap on the $2.2 million ask. Upside is refreshingly uncomplicated: lease two turn-ready cottages at market $1,300+, implement RUBS to shift water/sewer to tenants, and watch cap rate break double digits without swinging a hammer. For those who like value-add, a light interior package—LVP flooring, shaker cabinets, stainless appliances—pairs readily with the concrete-block bones and lifts rents to $1,400+ while still keeping cost per unit under new-build figures. Whether you’re chasing yield, seeking a 1031 exchange, or assembling scale in Tampa’s coveted workforce-housing lane, this offering checks every box: location, durability, cash flow, and clear runway for rent growth—all at a basis you’ll be bragging about for years.

ASK ABOUT THIS PROPERTY

Michael Ovitt, JrALL COUNTY ADVANCE PROPERTY MANAGEMENTMore Info
727-284-7368

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

Michael Ovitt, JrALL COUNTY ADVANCE PROPERTY MANAGEMENTMore Info
727-284-7368

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