3402 Phillips Street

Tampa FL 33619

1872 sq. ft.

5600 sq. ft.

Duplex

Currently for sale - view listing

Overview

Under contract-accepting backup offers. Investment Revenue-Generating Duplex. This block duplex promises a consistent cash flow, boasting an impressive average rental income of $1,695 per month per unit. Each of the spacious 3-bedroom, 2-bathroom apartments is thoughtfully designed for optimal comfort, featuring an open floorplan, galley style kitchen, in-unit laundry room, and a main bedroom with an ensuite bath, along with two generously sized additional bedrooms. Currently occupied by reliable tenants, who also contribute $70-$75 for water/trash in addition to rent. With separate electrical meters, the financial responsibility shifts to the tenant, safeguarding your profits. While these two units have not undergone full updates like others in this portfolio, the current tenants are paying market rate, leaving room for growth and value-added enhancements for future renovations. Situated in a neighborhood witnessing new construction homes, this investment transcends typical real estate?it's a strategic opportunity nestled in the thriving heart of Tampa. Close to major retail giants such as Home Depot, Lowe's, Walmart, and other bustling stores, the potential for increased returns is not just evident but undeniable. *****You can purchase this duplex individually or acquire not one, not two, but THREE contiguous block duplexes, forming a solid block of SIX income-producing units. (3402, 3404,3406 Phillips St.) for a package deal of $1.4M. Act swiftly and make this sound investment yours.