109 131St AveTampa, FL 33612

Property Details for 109 131St Ave

Year built

1984

Lot size

0.98 AC

Property size (Sq ft)

3,645 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

Prime Tampa location offers a compelling multifamily investment opportunity. This property consists of a duplex and a triplex, totaling five two-bedroom, one-bathroom units, each approximately 729 square feet. Built in 1984 and renovated in 2020, the buildings boast sturdy concrete block construction, new shingle roofs, and central air conditioning. All units feature wood-look tile flooring, updated kitchens with stainless steel appliances and quality cabinetry, and individual parking. Currently 100% occupied with month-to-month tenants paying below-market rents, this presents significant potential for rental income growth. The property sits on a nearly one-acre lot (0.98 acres) zoned RMC-6, offering flexibility for future development. The existing structures are situated at the rear of the lot, leaving ample space for potential expansion. Located minutes from downtown Tampa, International Mall, MacDill Air Force Base, and I-275, this property enjoys convenient access to shopping, dining, and major transportation routes. Tenants pay all utilities except for a shared water meter. The asking price is $1,175,000. Please do not disturb tenants.

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

28.0661

Longitude

-82.4608

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