9410 N 10TH ST
TAMPA FL, 33612
$132.40 per sqft
Built in 1928
Back on the market due to no fault of the seller! Their loss is your opportunity! HIGHEST AND BEST DUE BY SUNDAY 11/19 AT 12 NOON. Incredible Investment Opportunity in Tampa, FL. Dual Income Streams with Future Upside Potential! This exceptional property presents a unique and lucrative opportunity tailored for astute investors. The property showcases an ideal setup for maximizing returns through an in-law suite or a strategic house hack. The front house, a 3-bedroom, 2-bathroom bungalow spanning approximately 1,377 square feet, is just the beginning. Complementing it is a separate back house with 2 bedrooms and 1 bathroom, spanning around 750 square feet. This back house is perfectly positioned for an in-law suite or generating supplementary rental income. With some renovation, this property is the perfect rental or flip! Market rents for these units are estimated at $1,550 per month for the front house and $1,150 per month for the back house. Potential to yield a combined monthly income of $2,700! Projected on proforma rents, this property boasts an impressive 7.5% Capitalization Rate (CAP rate), highlighting the strong return on investment. Beyond the existing income, there's the advantage of future equity growth, courtesy of the generous corner lot on which the property sits. Each unit offers its residents private backyard spaces, allowing for outdoor relaxation and enjoyment. An added bonus is the separate garage, providing invaluable storage space. Notable updates include a recently replaced roof for the main home, ensuring long-term durability. The roof of the mother-in-law suite is approximately 4 years old, and both units benefit from HVAC systems of similar vintage. Strategically situated, this property offers easy access to the vibrant array of amenities and attractions that Tampa Bay is renowned for. Its proximity to I-275 ensures seamless commuting and convenient exploration of the surrounding area.
Seize this outstanding investment prospect before it's too late. Schedule a viewing now to secure your position in the dynamic and thriving Tampa, FL real estate market! Your financial success starts here.
June 2, 2023
February 16, 2024
9410 N 10TH ST
TAMPA FL, 33612
Accessibility Features, Other, Thermostat
Inside, In Garage, Laundry Closet
Family Room, Wood Burning
Corner Lot, Near Public Transit
Other Property Details
33612 - Tampa / Forest Hills
Days on Market
Buyer Agency Compensation
Listed by Tatum Peterson, with MCBRIDE KELLY & ASSOCIATES
Listing Contact: 813-254-0900
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Data last updated 2/16/2024, 12:35 AM UTC