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3902 W Elrod Ave 1.64 Acres of Residential Land Offered at $2,300,000 in Tampa, FL 33616
INVESTMENT HIGHLIGHTS
- Excellent Development Opp. for Townhomes/ Multi-Family.
EXECUTIVE SUMMARY
Development opportunity in South Tampa Near MacDill Air Force Base! Planning and Development approval secured in 2021, awaiting
permits for a 20-unit villa-style townhome project, featuring 2 units per building. Future land use indicates the potential for up to 45
multifamily units. Presently, a rental home occupies the property on a month-to-month lease. Please respect tenant privacy - drive by
only, refrain from walking around the premises, and avoid disturbing occupants. This 1.64-acre parcel presents a rare opportunity in
South Tampa, boasting proximity to schools, retail outlets, dining establishments, Bayshore, medical facilities, and more
permits for a 20-unit villa-style townhome project, featuring 2 units per building. Future land use indicates the potential for up to 45
multifamily units. Presently, a rental home occupies the property on a month-to-month lease. Please respect tenant privacy - drive by
only, refrain from walking around the premises, and avoid disturbing occupants. This 1.64-acre parcel presents a rare opportunity in
South Tampa, boasting proximity to schools, retail outlets, dining establishments, Bayshore, medical facilities, and more
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
$43,200
|
$26,341.46
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$43,200
|
$26,341.46
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $43,200 |
| Annual Per AC | $26,341.46 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $43,200 |
| Annual Per AC | $26,341.46 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $2,300,000 | Lot Size | 1.64 AC |
| Price Per AC | $1,402,439.02 |
| Price | $2,300,000 |
| Price Per AC | $1,402,439.02 |
| Lot Size | 1.64 AC |
DESCRIPTION
Existing 3,362 SF single family residence
1 of 23
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3902 W Elrod Ave
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