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4507 4517 E Giddens Avenue

Tampa, FL 33610

– beds
– baths
8,424 sqft
~3/4 acre lot
$261 per sqft
1974 build
– on site

1031 TAX EXCHANGE friendly!!! ****** Please bring all offers, seller likes to negotiate! 100% occupied 6 Duplexes for Sale. Prime Investment Opportunity!** This exceptional investment opportunity features six duplexes, totaling 12 income-producing units, all conveniently located next to each other. Situated in the heart of Tampa. Each unit features 2 bedrooms and 1 bathroom. Tenants pay all utilities, reducing landlord expenses Each unit has separate water and electric meters. Landlord only pays for landscaping, Taxes, Sewage & Insurance. One unit recently rented for $1,563/month. Tampa Housing Authority offers $1,771/month for 2-bedroom, 1-bathroom units in the same zip code Property is currently rented for $11,113 per month, equating to an annual gross income of $133,356 The property is currently under-rented, providing significant potential to increase rents to market rates. Tampa housing shows a payment standard of $1771 a month if you were to get all units rented with Tampa housing that’s a potential annual gross rent of $21,252 per month X 12 months = $255,024 With tenants responsible for their utilities and minimal landlord expenses, these units generate substantial rental income.There's significant potential to increase rents to match market rates, maximizing returns on investment.Proximity to major amenities and transportation hubs ensures high demand and occupancy rates.These properties offer easy access to shopping centers, gyms,Hard Rock Casino,Walmart, USF, I-275, I-4, Busch Gardens, Downtown Tampa, and more. Schedule a viewing today to explore this cash cow investment before it's no longer available. This is a prime opportunity to secure a high-yield property in a rapidly growing area. *** Potential seller financing available with 50% down. Total Income - $11,113per month X12 month = $133,356 Gross annual rent Expenses - Insurance $18,000 annual Taxes $14,347.48 Lawn care $3600 annual Annual Expenses =$35,947.48-$133,356 Gross rents = Net Income $97,408.52 4507 E Giddens ave Tampa Florida 33610 Unit A - $1563 lease ends 06/2025 Unit B- $1,000 month to month =$2536 per month 4509 E Giddens ave Tampa Florida 33610 Unit A -$1000 month to month Unit B -$850 month to month =$1850 per month 4511 E Giddens ave Tampa Florida 33610 Unit A -$825 Unit B -$900 month to month =$1725 per month 4513 E Giddens ave Tampa Florida 33610 Unit A-$800 month to month Unit B-$900 month to month =$1700 per month 4515 E Giddens ave Tampa Florida 33610 Unit A -$850 month to month Unit B -$900 month to month =$1750 per month 4517 E Giddens ave Tampa Florida 33610 Unit A-$800 month to month Unit B-$725 month to month =$1525 per month Tampa housing payment standard https://www.tampaha.org/payment-standards

Listing courtesy of STELLAR_MLS / YOU FIRST REALTY AND ASSOC LLC

Last checked: Checking… • Last updated Nov 11, 2024 •

MLS# T3535251 —

The Building

Year Built:

1974
New Construction:

false
Construction Materials:

Block
Roof:

Shingle
Foundation Details:

Slab
# of Buildings:

6
Building Area Total:

8856
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Living Room/Dining Room Combo
Fireplace:

false

Room Dimensions

Living Area:

8424
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

East on Hillsborough avenue right onto 45th street left onto E Giddens. Property is on your right
Latitude:

27.995228
Longitude:

-82.406932
Coordinates:

-82.406932, 27.995228

The Property

Parcel Number:

A04291949C00000000020.0
Property Type:

Residential Income
Property Subtype:

Multi Family
Lot Size Acres:

0.68
Lot Size Area:

30000
Lot Size SqFt:

30000
Lot Size Units:

Square Feet
Total Acres:

1/2 to less than 1
Zoning:

RM-16
View:

false
Exterior Features:

Other
Water Source:

Public
Road Surface Type:

Asphalt
Flood Zone Code:

X
Flood Zone Panel:

12057C0360H
Additional Parcels:

true
Additional Parcels Description:

Realtor remarks
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

20
Tax Block:

O
Tax Legal Description:

HILLSBOROUGH HEIGHTS EAST A REPLAT LOT 20
Tax Book Number:

29-97
Tax Annual Amount:

14347

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/T3535251
Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Electricity Available
Sewer:

Septic Tank

Appliances

Laundry Features:

None

The Community

Subdivision Name:

HILLSBOROUGH HEIGHTS EAST A RE
Senior Community:

false
Water View:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

false

Extra Units

# of Units Total:

12

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/11/24 Nov 11, 2024	Price Changed	STELLAR_MLS	$2,199,900	-0.0%
10/22/24 Oct 22, 2024	Price Changed	STELLAR_MLS	$2,200,000	-6.2%
10/20/24 Oct 20, 2024	Price Changed	STELLAR_MLS	$2,346,500	-0.0%

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This multifamily located in Northeast Tampa, Tampa, FL 33610 is currently for sale for $2,199,900. 4507 4517 E Giddens Avenue is a 8,424 square foot multifamily with – beds and – baths that has been on Estately for 157 days. 4507 4517 E Giddens Avenue is in the Northeast Tampa neighborhood of Tampa and has a WalkScore® of 58, making it somewhat walkable. This multifamily is in the attendance area of Armwood High School, James Elementary School, and Jennings Middle School.

Listing Courtesy of: STELLAR_MLS and YOU FIRST REALTY AND ASSOC LLC.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.