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Spring Villas 8315 N Semmes St 2 Unit Apartment Building $377,000 ($188,500/Unit) 7.06% Cap Rate Tampa, FL 33604
INVESTMENT HIGHLIGHTS
- 100% Leased
- Central Tampa Location
- Professional Management Available
EXECUTIVE SUMMARY
North central Tampa duplex. 100% occupied. Professional management available. Recent renovations in 2023 include all new floors, kitchen cabinets, new AC, new windows (Unit A) and bathroom remodel, new flooring, new fixtures, new windows (Unit B). Both units have received updated plumbing. Both units leased at $1500/month. Close proximity to downtown, bush gardeners, parks, and major hospitals.
Cost Analysis Performed as Rental Property
In:
Rent - $36,000.00
Out:
(Annual) Property Taxes - $3,723.00
(Annual) Estimated Insurance - $1,790.00
(Annual) Property Management (Optional) - $2,520.00
(Annual) Estimated Utilities/Lawn/Repair/Misc. - $1,320.00
Total Costs - $9,353.00
Net: $26,647.00
Earn:
Total yearly net equates to - $26,647.00
Total monthly gross equates to - $3,000.00
TOTAL MONTHLY NET EQUATES TO - $2,220.58
Cost Analysis Performed as Rental Property
In:
Rent - $36,000.00
Out:
(Annual) Property Taxes - $3,723.00
(Annual) Estimated Insurance - $1,790.00
(Annual) Property Management (Optional) - $2,520.00
(Annual) Estimated Utilities/Lawn/Repair/Misc. - $1,320.00
Total Costs - $9,353.00
Net: $26,647.00
Earn:
Total yearly net equates to - $26,647.00
Total monthly gross equates to - $3,000.00
TOTAL MONTHLY NET EQUATES TO - $2,220.58
PROPERTY FACTS
| Price | $377,000 | Building Class | C |
| Price Per Unit | $188,500 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 1,602 SF |
| Cap Rate | 7.06% | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1981/2023 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RS-50 | ||
| Price | $377,000 |
| Price Per Unit | $188,500 |
| Sale Type | Investment |
| Cap Rate | 7.06% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 1,602 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1981/2023 |
| Opportunity Zone |
Yes |
| Zoning | RS-50 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
1 1
PROPERTY TAXES
| Parcel Number | A-30-28-19-46S-000000-00146.0 | Improvements Assessment | $145,182 |
| Land Assessment | $51,975 | Total Assessment | $197,157 |
PROPERTY TAXES
Parcel Number
A-30-28-19-46S-000000-00146.0
Land Assessment
$51,975
Improvements Assessment
$145,182
Total Assessment
$197,157
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Spring Villas | 8315 N Semmes St
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