2322 W Cherry St

Tampa FL 33607

3368 sq. ft.

3038 sq. ft.

Duplex

Currently for sale - view listing

Overview

Under contract-accepting backup offers. Turnkey quadplex built in 1903 and fully restored down to the studs in 2010, offering historic charm with present day expected updates. Property consists of four units within this two-story building, including two 2-bedroom / 1-bath units (approximately 779 sq ft) and two 3-bedroom / 1-bath units (approximately 800 sq ft), each with a private entrance and stackable washer dryer systems. Each unit has an updated kitchen, appliances, fixtures and durable vinyl plank flooring installed within the past three years. Major system updates include AC units from 2017, 2019 and 2021 (two units), water heaters last replaced 2021 - 2022, and the metal roof has substantial remaining life. Utilities are calculated with water and electric meters separated for each unit. Low-maintenance landscaping and stone plantbeds allow for easy upkeep; back yard is mostly fenced if someone wants to finish it off for a pet. Always fully occupied with rents currently below market rate(s)... an opportunity for increasing future income. Conveniently located one mile directly east of Macfarlane Park and Freedom Boat Club at Rick's on the River is one mile to the east. Also just minutes to I-275 and I-4, Downtown, Tampa International Airport, International Plaza, Veterans Expressway and the Howard Frankland Bridge to St Pete... 10-15 minutes to our most popular districts like Seminole / Riverside / Tampa Heights, Armature Works and SoHo to South Tampa as well. Excellent opportunity for Investors seeking a stabilized asset with upside potential -or- prospective Owner Occupant desiring to live in one unit while generating income from the others.