7917 and 7919 Lakeshore Dr, Tampa, FL 33604. 2 READY-NOW and UPDATED Quadplexes, sharing a 16-spot parking lot. Income and Debts (seen below and do not include vacancy or property management) calculate out to a 8.44% cap rate. The value-add potential is if you fill the units… Read More with Section 8 tenants; the new approved Section 8 payment standard in this zip code is $1910/month, which would increase income to $15,280/month or $183,360/yr or 9.26% cap rate. All units look like the pictures, except for 2, because tenants have been there since owner purchased the property. The properties have newer architectural-shingle roofs (2021), only 1 old HVAC, washer/dryer in all units, fully fenced in the back, and the seller paved a large section of the lot to accommodate the 16 total parking spots and community trash. Location is 6 miles from downtown Tampa and the University of Tampa and 3 miles from the University of South Florida. Owner pays water and trash for the tenants, included in debts. RENT ROLL: 17A-$1725/month until 03/31/26 (have leased 2 years, moving out), 17B-$1650/month until 04/09/25 (have leased since before owner purchased property in March 2021, 17C-$1750/month projected (just leased to new tenant until 2/28/26), 17D-$1800/month until 02/27/27 (been there 1 year and just renewed for another), 19A-$1850/month (section 8) until 08/31/26 (been there since owner purchased in March 2021), 19B-$1825/month (section 8) until 01/31/26 (been there since owner purchased in Match 2021), 19C-$1770/month until 11/30/26 (been there 1 year and renewed), 19d-$1800/month until 09/30/26. TOTAL: $14,170/MONTH = $170,040/ANNUALLY. DEBTS: Insurance-$8,000/yr (has a cheaper option but chose the better insurance), Taxes-$14,810 last year, Landscaping-$600/yr (due to most the lot being concrete parking, there is minimal work), Pest-$1440/yr, Water and Trash-$8400/yr (accurate average trash+water bill for all units combined), Doesn't pay property manager. TOTAL: $2,770/MONTH = $33,250 ANNUALLY. Read Less
Courtesy of MCBRIDE KELLY & ASSOCIATES 813-254-0900
Listing Snapshot
Days Online
1
Last Updated
Property Type
Multi-Family 5+
Beds
16
Square Ft.
6,496
Lot Size
0.29 Acres
Year Built
1985
MLS Number
TB8480137
Additional Details
Property Access
Road Surface: Concrete
Building
Built in 1985, Living area: 6496, Living area units: Square Feet, Construction Materials: Block
Cooling
Central Air
Exterior Features
Fence
Foundation
Slab
Heating
Central
Income
Gross Income: $170,040
Interior Features
Thermostat
Laundry
In Kitchen
Lot
0.29 acres, Dimensions: 50x127
Roof
Shingle
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: A-28-28-19-46B-000042-00007.0, Public Survey Range: 19, Public Survey Section: 28, Annual Amount: $14,810, Tax Block: 42, Tax Book Number: 10-63, Legal Description: TEMPLE CREST UNIT NO 3 LOT 7 AND 1/2 CLOSED ALLEY ABUTTING THEREON BLOCK 42, Lot: 7, Year: 2024, Zoning: RM-24
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.