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3921 State St 1,831 SF Specialty Building Offered at $760,000 at a 6.01% Cap Rate in Tampa, FL 33609
Investment Highlights
- block construction completed in 2023
- duplex with two 2 bed, 2 bath units
- stainless steel appliance package
- fully fenced private yard
- in unit washer and dryer in each unit
- highly desirable South Tampa location
Executive Summary
New construction duplex offering a stabilized investment opportunity with strong in place income. Built approximately three years ago, both units are 2 bedroom, 2 bathroom residences and feature modern construction, efficient layouts, and all major systems less than three years old, including roof, HVAC, plumbing, electrical, and appliances. Everything is essentially brand new. The property offers just over 1,800 square feet total and is fully occupied with tenants in place. Both units are leased into 2026 at market driven rental rates, offering immediate income with long term stability. Financials support an attractive cap rate at the current price point, making this an appealing option for both investors and owner occupants. Located in Flood Zone X, the property has never experienced flooding. This is a turnkey, low maintenance asset in a highly desirable South Tampa location that offers flexibility for both investors and owner occupants. A buyer could enjoy living in one unit while offsetting their mortgage with rental income from the other, or continue operating the property as a fully stabilized investment. An ideal opportunity for those seeking immediate cash flow, long term value, and minimal capital expenditure concerns.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$57,000
|
$31.13
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$57,000
|
$31.13
|
| Taxes |
$8,852
|
$4.83
|
| Operating Expenses |
$2,445
|
$1.34
|
| Total Expenses |
$11,297
|
$6.17
|
| Net Operating Income |
$45,703
|
$24.96
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $57,000 |
| Annual Per SF | $31.13 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $57,000 |
| Annual Per SF | $31.13 |
| Taxes | |
|---|---|
| Annual | $8,852 |
| Annual Per SF | $4.83 |
| Operating Expenses | |
|---|---|
| Annual | $2,445 |
| Annual Per SF | $1.34 |
| Total Expenses | |
|---|---|
| Annual | $11,297 |
| Annual Per SF | $6.17 |
| Net Operating Income | |
|---|---|
| Annual | $45,703 |
| Annual Per SF | $24.96 |
Property Facts
| Price | $760,000 | Property Subtype | |
| Price Per SF | $415.07 | Building Class | C |
| Sale Type | Investment | Building Size | 1,831 SF |
| Cap Rate | 6.01% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2023 |
| Price | $760,000 |
| Price Per SF | $415.07 |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| Property Type | Specialty |
| Property Subtype | |
| Building Class | C |
| Building Size | 1,831 SF |
| No. Stories | 1 |
| Year Built | 2023 |
Amenities
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
1 1
Walk Score®
Very Walkable (74)
Property Taxes
| Parcel Number | A-27-29-18-3U4-000009-00015.0 | Total Assessment | $368,787 |
| Land Assessment | $0 | Annual Taxes | $8,852 ($4.83/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
A-27-29-18-3U4-000009-00015.0
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$368,787
Annual Taxes
$8,852 ($4.83/SF)
Tax Year
2025
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3921 State St
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