706 E. Lake Avenue
Tampa, FL 33603 ·
2 Units · Multifamily For Sale
Lake Avenue Duplex
|No. Units||2||Cap Rate||9.10%|
|Building Size||1,894 SF||No. Stories||2|
|Property Type||Multifamily||Year Built||1922|
|Property Sub-type||Duplex/Triplex/Fourplex||APN / Parcel ID||A 12 29 18 4hg 000001 000111|
|Property Use Type||Investment|
|Listing ID: 15327643||Date Created: 09/09/2007||Last Updated: 09/04/2008|
Excellent money maker! This excellent income producing investment consists of a historic bungalow rehabbed into 2 - 3 bedroom, 2 bath units. In an area of quaint rehabbed bungalows, the neighborhood shows pride of ownership. Scheduled gross income exceeds $27,00 annually from Tampa Housing Authority tenants. THA pays $1138 per month for a 3/2 unit.
In Tampa's historic Seminole Heights, this 1920s bungalow has been modified to contain two 3 bed, 2 bath units. From I-275, exit MLK east, turn south on Nebraska, turn west onto Lake.
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