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Updated about 9 years ago,
Would you buy it? (1925 4-plex, Ybor, Tampa FL)
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.