4507-4517 East Giddens Avenue

Tampa, FL 33610

$2,199,700
Price
—
Beds
8,424 Sq. Ft.
$261 / Sq. Ft.
8,424
Sq. Ft.
$261
per Sq. Ft.

Description

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,
...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
  1. Listed by Ramez Lahham • YOU FIRST REALTY AND ASSOC LLC

Property Details for 4507-4517 East Giddens Avenue

Subdivision Name
HILLSBOROUGH HEIGHTS EAST A RE
Township
29
Waterfront
No
LISTING UPDATED: 12/06/2024 03:57 PM

Property Details for 4507-4517 East Giddens Avenue

StatusActive
MLS #T3535251
Days on Market181
Taxes$14,347 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1974
Lot Size0.69 AC / 30,000 SF
CountyHillsborough County

Building Information for 4507-4517 East Giddens Avenue

Stories-Residences12Year Built1974Building Size-Lot Size0.69 AC / 30,000 SF

Property Information for 4507-4517 East Giddens Avenue

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 8856.0
  • Building Area Units: Square Feet
  • Directions: East on Hillsborough avenue right onto 45th street left onto E Giddens. Property is on your right
  • Mls Major Change Type: Price Decrease
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 4507-4517
  • Street Direction Prefix: E
  • Street Name: GIDDENS
  • Street Suffix: AVENUE
  • State: FL
  • City: TAMPA
Parking
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: O
  • Tax Book Number: 29-97
  • Tax Legal Description: HILLSBOROUGH HEIGHTS EAST A REPLAT LOT 20
  • Tax Lot: 20
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels Description: Realtor remarks
  • Additional Parcels: Yes
  • Parcel Number: A-04-29-19-49C-000000-00020.0
  • Total Acreage: 1/2 to less than 1
  • Total Num Buildings: 6
  • Water Access: No
  • Water Extras: No
  • Zoning: RM-16
  • Living Area: 8424
Property and Assessments
  • Year Built Numeric: 1974
  • Flood Zone Code: X
  • Flood Zone Date: 06-18-2024
  • Flood Zone Panel: 12057C0360H
  • New Construction: No
  • Number Of Lots: 6
  • Public Survey Range: 19
  • Public Survey Section: 04
Utilities
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Water Available
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block
  • Exterior Features: Other
  • Foundation Details: Slab
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 0
  • Cooling: Central Air
  • Fireplace: No
  • Heating: Central, Electric
  • Interior Features: Living Room/Dining Room Combo
  • Laundry Features: None
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Expenses: $32,947
  • Annual Net Income: $100,408.52
  • Gross Income: $133,356
  • Unit Count: 10
Unit 1
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 2
  • Unit Type Pro Forma 1: 1563
  • Unit Type Type 1: 2 Bed/1 Bath
Unit 2
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 2
  • Unit Type Pro Forma 2: 1536
  • Unit Type Type 2: 2 Bed/1 Bath
Unit 3
  • Unit Type Baths Total 3: 1
  • Unit Type Beds Total 3: 2
  • Unit Type Pro Forma 3: 1536
  • Unit Type Type 3: 2 Bed/1 Bath
Unit 4
  • Unit Type Baths Total 4: 1
  • Unit Type Beds Total 4: 2
  • Unit Type Pro Forma 4: 1536
  • Unit Type Type 4: 2 Bed/1 Bath
Unit 5
  • Unit Type Baths Total 5: 1
  • Unit Type Beds Total 5: 2
  • Unit Type Pro Forma 5: 1536
  • Unit Type Type 5: 2 Bed/1 Bath
Unit 6
  • Unit Type Baths Total 6: 1
  • Unit Type Beds Total 6: 2
  • Unit Type Pro Forma 6: 1536
  • Unit Type Type 6: 2 Bed/1 Bath
Unit 7
  • Unit Type Baths Total 7: 1
  • Unit Type Beds Total 7: 2
  • Unit Type Pro Forma 7: 1536
  • Unit Type Type 7: 2 Bed/1 Bath
Unit 8
  • Unit Type Baths Total 8: 1
  • Unit Type Beds Total 8: 2
  • Unit Type Pro Forma 8: 1536
  • Unit Type Type 8: 2 Bed/1 Bath
Unit 9
  • Unit Type Baths Total 9: 1
  • Unit Type Beds Total 9: 2
  • Unit Type Pro Forma 9: 1536
  • Unit Type Type 9: 2 Bed/1 Bath
Unit 10
  • Unit Type Baths Total 10: 3
  • Unit Type Beds Total 10: 6
  • Unit Type Pro Forma 10: 4608
  • Unit Type Type 10: 2 Bed/1 Bath

Property History for 4507-4517 East Giddens Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 4507-4517 East Giddens Avenue

This home is within Hillsborough.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
James Elementary School
PublicPK to 5

Jennings Middle School
Public6 to 8

Armwood High School
Public9 to 12

Williams Middle Magnet School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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4507-4517 East Giddens Avenue is a multi-family home for sale in Tampa, FL 33610. This property was listed for sale on June 19, 2024 by YOU FIRST REALTY AND ASSOC LLC, it's currently listed at $2,199,700. This listing's school district is Hillsborough. Nearby schools include James Elementary School, Jennings Middle School and Armwood High School. 4507-4517 East Giddens Avenue is a 0-bed, 0-bath, 8,424 sqft multi-family home built in 1974.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of YOU FIRST REALTY AND ASSOC LLC, Ramez Lahham

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 12/06/2024 03:57 PM