Located in the highly desirable Tampa Heights submarket,2306 Morgan Street consists of two multifamily buildings totaling 7 units across 4,315 square feet. The front triplex, built in 1902,and the rear quadplex, built in 1926, together create a diverse unit mix: 2 studios (343 SF each),one 1-bedroom/1-bathroom units (735 SF each).… Read More unit (682 SF), and four 2-bedroom/1-bathroom from recent improvements, including a new roof within the past 2-3 years and upgraded capital expenditures. With a blend of historic character and recent updates, the asset neighborhoods presents a unique opportunity for investors targeting value-add potential in one of Tampa's fastest-growing Value-Add Opportunities adjustments Optimize Rents: to market Several levels. Long-term tenants are paying below-market rents, creating immediateupside through Utility Bill-Backs: Implementing water bill-back systems provides a straightforward way to improve net operating income.Redevelopment Potential. Has been freshly painted inside and out, offering strong curb appeal and a low-maintenance setup for any investorlooking for steady cash flow. Positioned minutes from some of Tampa’s most vibrant attractions, residents enjoy easy access to Ybor City’shistoric nightlife, Downtown Tampa’s Riverwalk, Armature Works, and the Tampa Heights food and entertainment district. With consistentoccupancy, recent updates, and a prime location near all the city’s key amenities, 2306 Morgan stands out as an exceptional opportunity to owna turn-key multifamily asset in one of Tampa’s most in-demand rental corridors. Read Less
Courtesy of SERRALLES GROUP,INC 813-307-0007
Listing Snapshot
Days Online
0
Last Updated
Property Type
Multi Family
Beds
47
Square Ft.
1,372
Lot Size
0.14 Acres
Year Built
1902
MLS Number
TB8449870
Additional Details
Property Access
Road Surface: Asphalt
Building
Built in 1902, Living area: 1372, Living area units: Square Feet, Construction Materials: Stucco, Wood Siding
Cooling
Wall/Window Unit(s)
Floors
Carpet, Linoleum
Foundation
Crawlspace, Slab
Heating
Ductless
Income
Gross Income: $109,680
Laundry
Electric Dryer Hookup, Washer Hookup
Lot
0.14 acres, Dimensions: 50x120
Roof
Shingle
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: A-13-29-18-4XM-000005-00004.0, Public Survey Range: 18, Public Survey Section: 13, Annual Amount: $4,959, Tax Block: 5, Tax Book Number: 2-37, Legal Description: GROVE HEIGHTS LOT 4 BLOCK 5, Lot: 4, Year: 2024, Zoning: RM-24
Tenant Pays
Electricity
Utilities
Public, Water Source: Public
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