1101 Powell Street

Plant City FL 33563

736 sq. ft.

9000 sq. ft.

Single-Family

Currently for sale - view listing

Overview

Property can be sold as a package or individually. This package is 23 Single Family rentals all managed by Plant City Rentals. 16 of the homes are on Month to Month leases in anticipation of sale and rent increase. 3 additional leases expire in the next 3 months, 3 expire early 2023. Currently, rents are well undervalued and could go substantially to market demands. For easy management, all properties are contently located in the city limits of downtown Plant City. All properties are on City water/sewer, no HOA?s, CDD?s or special assessments. Plant City, one of Tampa Bay's hottest markets, is currently seeing a 2% rise in value monthly. This package includes 5- 2 bed/ 1 baths, 5- 3 bed/ 1 baths, 6- 3 bed/ 2 baths, 1-2 bed/ 2 baths, 1-4 bed/2.5baths, 1- 4 bed/1.5 baths. Currently generating a Gross of $373,500.00 yearly, NOI of $277,302.44 yearly & a 4.6% CAP Rate.