1722 and 1724 W CHESTNUT ST, Tampa, Florida
1722 and 1724 W CHESTNUT ST, Tampa, Florida 33607 - Great Investment Property with the possibility 27% per year cash on cash return based on current income and up to 40% return based on projected rent increases. There are two adjoining duplexes that are being sold together. Both are side by side to each other. Combined there are 4 (ea) 2 bedroom one bath units. All have ceramic tile floors in the common areas and carpet in the bedrooms. The two duplexes are sold for $350,000. There is also the possibility to knockdown the units later and build 6 units (25' wide lots). The West River area is changing fast and so are the rents. Great rent and hold properties. Property being sold at a 27% levered cap rate (@30% down) with 4 (ea) section 8 renters in place.
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Listing Courtesy of US REAL ESTATE INVESTOR SVC
“Mary and her husband David did an excellent job of marketing my home, provided guidance on pricing to attract potential buyers, engaged an excellent photographer to show the home in its best light, and utilized web sites and channels to make the home visible to a very large segment of the buying community. Their service was consistently excellent. Their services could be enhanced by finding a better network of supporting services (like handymen, stagers, closers, etc.). But most importantly they got the job done, professionally and timely.”