9801 New York St - Multi-Family FOR SALE


Gibsonton, FL 33534
$1,690,000 USD
813-294-1665
9801 New York St, Gibsonton, FL for Sale
$1,690,000 USD
Multi-Family - FOR SALE
1/8
null | 6.63% Cap Rate

9801 New York St
Gibsonton, FL 33534


HIGHLIGHTS

  • Quiet location with great view of the Alafia
  • No issues as a result of 2024 storms
  • Stable tenant base

OVERVIEW

Great money making multi unit residential income location. Just off of US 41 with super access to Tampa, Brandon, Ruskin, etc. Located with peaceful and wide water views of the the beautiful Alafia River yet no issues whatsoever with the storms of 2024. Nearby access to small and large boat dockage, wharfage, Freedom Boat Club, EZ boat access to Tampa Bay and the Gulf, etc. Listed property consists of 2 adjoining parcels (totaling 1.24 mol acs) fronting on New York Street and also on Ohio Avenue with all improvements included in sale. Includes single story 3 bedroom masonry home with 1173 heated square feet. 7 well maintained mobile homes all generating income and space for an additional unit if desired. 1 additional space for an RV is likewise generating $$$’s. Current rents are below market. Significant upside potential exists. Very stable tenant base with constant full occupancy. Additional adjoining properties available. Seller financing may be considered at terms including $600k down at 7% to be negotiated. Coupled with location, it should be noted that Hillsborough County is currently converting area from septic to sewer opening the door to potential area redevelopment. Current RSC-9 and PD Zonings. With other adjoining properties potentially available, this site is a natural.

FOR SALE DETAILS

PRICE

$1,690,000 USD

PRICE/SF

$999 USD /SF

# OF UNITS

9

PRICE/UNIT

$187,778

CAP RATE

6.63%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9801 New York Street /6201 Ohio Ave

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,014 SF

ZONING

RSC-9, PD

APN/PARCEL ID

U-23-30-19-1R7-000000-00030.0,U-23-30-19-1R7-000000-00031.0

ASK ABOUT THIS PROPERTY

Mike GintyRe/Max Realty UnlimitedMore Info
813-294-1665

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Mike GintyRe/Max Realty UnlimitedMore Info
813-294-1665

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