About 1024 East Crenshaw Street
Under contract-accepting backup offers. 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.
Residential Income home for sale in TAMPA, FL at 1024 East Crenshaw Street. This 7 bedroom Residential Income home is priced at $250/sqft
Features of 1024 East Crenshaw Street
MLS® # | T3541655 |
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Price | $924,990 |
Bedrooms | 7 |
Bathrooms | 5.00 |
Square Footage | 3,696 |
Acres | 0.12 |
Year Built | 1937 |
Type | Residential Income |
Sub-Type | Quadruplex |
Status | Pending |
Community Information: Tampa
Address | 1024 East Crenshaw Street |
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Area | Tampa / Sulphur Springs |
Subdivision | EVELYN CITY |
City | TAMPA |
County | Hillsborough |
State | FL |
Zip Code | 33604 |
Amenities of 1024 East Crenshaw Street
Is Waterfront | No |
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Has Pool | No |
Interior of 1024 East Crenshaw Street
Interior Features | Thermostat |
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Heating | Central |
Cooling | Central Air |
Fireplace | Yes |
Exterior of 1024 East Crenshaw Street
Exterior Features | Balcony |
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Roof | Metal, Shingle |
Foundation | Crawlspace |
School Information
Elementary | Foster-HB |
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Middle | Sligh-HB |
High | Chamberlain-HB |
Additional Information On 1024 East Crenshaw Street
Date Listed | July 15th, 2024 |
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Days on Market | 36 |
Zoning | SH-RS |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Has Concessions | No |
Listing Details
Office | MCBRIDE KELLY & ASSOCIATES |
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Map To 1024 East Crenshaw Street, TAMPA
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