Possible Owner Financing 9.5 CAP Rate This is one of three buildings that make up "PALM VILLA HOSTEL'S" Earns $50,000/ mo This one located on 803 E Palm Ave Tampa, FL * LODGING & HOSPITALITY AVIALABLE FOR INVESTMENT* Property goes with *801 E Palm Ave & 1905… Read More N Taliaferro Ave Tampa, FL as a group (together asking is $3,500,000.00) TURN KEY property and business already bringing in money daily as it OPERATES as a Full Occupancy Hotel-Motel Excellent for Bed and Breakfast opportunity for increased revenue(SEE APPOX MONTHLY FINCIALS in Listing) This is a Rare Investment Opportunity in the Tampa Heights Area of East Tampa. This Asset consists of 3 Historic Buildings offering 20 units that are leased individually with Daily and Weekly Rates; makes about $15,000/mo...This property is ONLY minutes from Downtown Tampa, Channelside and Ybor
DUE TO THIS BEING A BUSINESS CURRENTLY IN PROGRESS AND WITH MONTH TO MONTH GUESTS, NO REALTOR SIGNAGE ON PROPERTY Read Less
Courtesy of AMERICAN HOMES REALTY GROUP 800-913-8384
Listing Snapshot
Days Online
2
Last Updated
Property Type
Hotel/Motel
Square Ft.
2,050
Lot Size
0.13 Acres
Year Built
1902
MLS Number
TB8566378
Additional Details
Property Access
Frontage Type: City Street, Highway, Road Responsibility: Public Maintained Road, Road Surface: Paved
Appliances & Equipment
Dryer, Microwave, Refrigerator, Washer
Building
Built in 1902, Living area: 2050, Living area units: Square Feet, Levels: Two, Construction Materials: Frame, Wood Siding
Cooling
Central Air
Accessibility Features
Accessible Kitchen, Central Living Area
Floors
Laminate, Tile
Foundation
Slab
Heating
Central
Income
Gross Income: $500,000, Gross ScheduledIncome: $40,000, Net Operating Income: $40,000, Parking, Rent Only
Lot
0.13 acres, Dimensions: 51x110, Neighbourhood, Street Lights
Property
Completed
Roof
Shingle
Security Features
Smoke Detector(s)
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: A-13-29-18-4XW-000005-00002.1, Public Survey Range: 18, Public Survey Section: 13, Annual Amount: $4,257.74, Tax Block: 5, Tax Book Number: 1-99, Legal Description: BONNIEHURST W 1/2 OF LOTS 2 AND 3 BLOCK 5, Lot: 2, Year: 2026, Zoning: RM-24
Utilities
Public, Water Connected, Water Source: Public
Windows
Blinds, Shades
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