2206 N 12TH STREET TAMPA FL 33605 MLS #T3543676 | Gary Kusher | Florida Real Estate

Quadruplex in extremely desirable Ybor location, walk to 7th Ave. Great investment opportunity, tucked away in an independent neighborhood south of I-4, quiet, phenomenal gem surrounded by updated renos and new construction. Centrally located in Urban Core Opportunity Zone, with real tax and capital gains advantages (see links below). 3 units occupied, all in good condition. Month-to-month long term tenants in place, room for rent improvements. The detached 2/1 SFH is in violation for work w/o permits, see attachments. Detached 2/1 offers additional potential income of $18k-$21k(est.) annually. Full maximization of property should gross $55k-$60k(est.) annually. Main house will need a new roof at some point in future. In event buyer does not desire maximum return though permitted buildout of 2/1, seller consideration for demolition of detached unit is optional. This property is, by far, the most the modestly priced Quadruplex OR Triplex in Tampa, Ybor, East Tampa, Belmont Heights, Tampa Heights, Riverside Heights, Seminole Heights, Downtown, MacFarlane Park, West Tampa and South Tampa. Also, outprices most duplexes. Sizes and potential rent/income estimated. Owner agent. TENANT OCCUPIED, DO NOT DISTURB TENANTS BY WALKING PROPERTY.

https://www.tampa.gov/deo/opportunity-zone-program/urban-core;
https://www.taxpolicycenter.org/briefing-book/what-are-opportunity-zones-and-how-do-they-work