Located in the highly desirable Tampa Heights submarket, 2306 Morgan Street is a well-positioned multifamily asset consisting of two buildings totaling 7 units across 4,315 square feet. The property includes a front triplex built in 1902 and a rear quadplex built in 1926, offering a compelling blend of historic charm… Read More and modern improvements. The asset features a diverse unit mix comprised of two studios (approximately 343 SF each), one 1-bedroom/1-bath unit (682 SF), and four 2-bedroom/1-bath units (approximately 735 SF each). The property has benefited from recent capital improvements, including a new roof installed within the past 2–3 years, along with additional upgrades and fresh interior and exterior paint, providing strong curb appeal and a low-maintenance ownership profile. Income totals include a combination of market rents and housing assistance payments, offering stable cash flow with upside potential. Several long-term tenants are currently paying below-market rents, creating an opportunity to optimize rents to market levels over time. Additional value-add strategies include implementing utility bill-backs, particularly for water, to further enhance net operating income. Redevelopment or reconfiguration potential may exist, subject to buyer due diligence. Positioned minutes from some of Tampa’s most vibrant destinations, residents enjoy easy access to Ybor City’s historic nightlife, Downtown Tampa’s Riverwalk, Armature Works, and the Tampa Heights food and entertainment district. With consistent occupancy, recent updates, and a prime central location, 2306 Morgan Street stands out as a strong opportunity to own a 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
148
Last Updated
Property Type
Multi-Family 5+
Beds
9
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
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
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.
Confirm your time
Fill in your details and we will contact you to confirm a time.