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Updated over 9 years ago on . Most recent reply

User Stats

63
Posts
44
Votes
Devin Beverage
  • Lender
  • Tampa, FL
44
Votes |
63
Posts

Would you buy it? (1925 4-plex, Ybor, Tampa FL)

Devin Beverage
  • Lender
  • Tampa, FL
Posted

There is a 4-plex I am looking at that is not in the best of areas, but isn't right in the middle of a war-zone either. All four units are separately metered (tenants pay rent), with rents as follows: 

Unit 1: $550

Unit 2: $495

Unit 3: $450

Unit 4: Vacant

Each unit is 2 bed/1 bath (rents are a fair amount below market, but two of the leases are up in 4 months. Rents could probably be raised to $550-650 based on the area. 

The property is $105,000. It's just East of Nebraska Avenue, if you're familiar with Tampa and/or Ybor. I've included some pictures.

As you can see, a couple floorboards need replacing in the living room. this is one of the units. 

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