Tampa, FL 33604,1024 E CRENSHAW ST
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Tampa, FL 33604,1024 E CRENSHAW ST
Tampa, FL 33604,1024 E CRENSHAW ST
Tampa, FL 33604,1024 E CRENSHAW ST
Tampa, FL 33604,1024 E CRENSHAW ST

$835,000

Est. payment /mo

$924,990

9.7%
Est.Price: ?

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1024 E CRENSHAW ST Tampa, FL 33604

7 Beds

5 Baths

3,696 SqFt

SOLD DATE : 09/30/2024

Key Details

Sold Price $835,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,696 sqft

Price per Sqft $225

Subdivision Evelyn City

MLS Listing ID T3541655

Sold Date 09/30/24

Bedrooms 7

HOA Y/N No

Originating Board Stellar MLS

Year Built 1937

Annual Tax Amount $6,335

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 50x106

Property Description

2 COMPLETELY RENOVATED duplexes on one lot, OFFERING A 8%+ CAP RATE, right off 275 Hwy and 41 N Florida Ave (numerous commercial and restaurant options), just 10 minutes off downtown Tampa as well as USF. The property will soon be generating $86,400/yr in income, but would also be a FANTASTIC AIRBNB OPPORTUNITY to push this income higher (see description below for proximity to major Tampa Bay sites/attractions). NO HOA and NO FLOOD INSURANCE REQUIRED. The properties have the following units and leases (total 7 beds and 5 bathrooms)...1 bed/ 1 bath studio at $1,300/month, lease ending 9/1/2024...1 bed, 1 bath at $1,650/month, lease ending 5/1/2025...3 bed, 2 bath at $2,250/month, lease ends 3/1/2025...2 bed, 1 bath JUST LISTED FOR RENT at $2,000/month and should have a tenant soon.
The properties have SEPARATE METERS AND SEPARATE WASHER/DRYER for ALL UNITS as well as 4 parking stalls, 2 parking spots behind a fence with gate and significant street parking. The properties also have a NEW ROOF, HVACs (mini-splits on 2 units for affordability), ELECTRICAL, PLUMBING (including new water heaters), and were fully renovated inside and out. Renovations include new laminate flooring in 3 of the units, paint inside and out, washer and dryer for all units, extended parking pads, trees trimmed; the kitchens have quartz countertops throughout, new cabinets, and new appliances; the bathrooms have tiled showers with new vanities. The properties are located in a gentrified section just north of DOWNTOWN (about 10 minutes), down the street from TGT POKER AND RACEBOOK FACILITY (soon to be redeveloped), 15 minutes from AMALIE ARENA, HISTORIC YBOR, the TAMPA RIVERWALK, and RAYMOND JAMES STADIUM. The value in the area is increasing at an above-average rate. The street they are located on has predominantly renovated single-family housing and a few other multi-family homes.

Location

State FL

County Hillsborough

Community Evelyn City

Zoning SH-RS

Interior

Interior Features Thermostat

Heating Central

Cooling Central Air

Fireplace true

Laundry In Garage, Inside

Exterior

Exterior Feature Balcony

Utilities Available Public

Roof Type Metal,Shingle

Garage false

Private Pool No

Building

Entry Level Two

Foundation Crawlspace

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Wood Frame

New Construction false

Schools

Elementary Schools Foster-Hb

Middle Schools Sligh-Hb

High Schools Chamberlain-Hb

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by MCBRIDE KELLY & ASSOCIATES
Bought with KELLER WILLIAMS LEGACY REALTY

Kristin Hallamek

Broker Associate | License ID: BK3141669

+1(727) 642-7985

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