Value-add duplex investment opportunity in Tampa with immediate in-place income and substantial upside potential. 1210 E 140th Ave features a tenant-occupied duplex consisting of a 2-bedroom, 1-bath Unit A currently rented at $1,300/month and a 1-bedroom, 1-bath Unit B currently rented at $1,000/month, both on month-to-month leases with tenants intending… Read More to stay. The property currently operates at an approximate 6% cap rate based on current in-place income and estimated operating expenses, with clear upside through repositioning. This is a true investor value-add opportunity, with both units offering renovation upside and the potential for increased rental income through improvements to kitchens, bathrooms, drywall, and overall interior upgrades. Unit A features newer cabinetry, stainless steel appliances, and range, while Unit B has had some bathroom improvements completed. Estimated post-renovation market rents are approximately $1,600/month for the 2/1 and $1,300–$1,400/month for the 1/1. Major updates include roof replaced in 2016 and central AC in Unit A replaced in 2016, while Unit B currently utilizes window units. Property includes two separate electric meters with tenant-paid electric, one shared water meter with owner-paid water averaging approximately $100/month, helping maintain relatively low operating expenses. Property will not be delivered vacant and is being sold strictly AS-IS, with seller making no repairs. Excellent opportunity for investors seeking stable current cash flow with strong repositioning and rental upside in a growing Tampa market. Read Less
Courtesy of MCBRIDE KELLY & ASSOCIATES 813-254-0900
Listing Snapshot
Days Online
1
Last Updated
Property Type
Duplex
Beds
3
Square Ft.
1,323
Lot Size
0.21 Acres
Year Built
1969
MLS Number
TB8511454
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
Other equipment: None
Building
Built in 1969, Living area: 1323, Living area units: Square Feet, Construction Materials: Block, Brick
Cooling
Central Air, Wall/Window Unit(s)
Exterior Features
None
Foundation
Slab
Heating
Central, Ductless
Income
Gross Income: $27,600
Interior Features
L Dining, Thermostat
Laundry
None
Lot
0.21 acres, Dimensions: 67x137
Roof
Shingle
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: U-06-28-19-1GH-000002-00011.0, Public Survey Range: 19, Public Survey Section: 06, Annual Amount: $3,735.41, Tax Block: 2, Tax Book Number: 32-67, Legal Description: BYARS REVISION OF SUNNYLAND ACRES THE W 64 FT OF LOT 11 BLOCK 2, Lot: 11, Year: 2025, Zoning: RMC-20
Utilities
Public, Water Source: Public
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Listings courtesy of Stellar MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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