Courtyard Apartments
10415 Alma Street, Tampa, FL
11.55% return
SP:
Video Photos Street View Map
The slide show is now full screen. Push Escape to exit. You can use the left/right arrows and Home/End buttons to navigate the images.
Slideshow image 1
Slideshow image 2
Slideshow image 3
Slideshow image 4
Slideshow image 5
Slideshow image 6
Slideshow image 7
Slideshow image 8
Slideshow image 9
Slideshow image 10
Slideshow image 11

Property Description

RARE INVESTMENT OPPORTUNITY! TONS OF POTENTIAL! Great rental property. Seven units, two bedroom one bath each unit. Property is fully occupied and turnkey with great long term tenants. One of the fastest growing cities in United States. Area had 60% population growth in the last 10 years and still growing! Amazing returns on investment.

Property Information

  • Listing statusSold
  • Property typeMulti Family
  • Total units7
  • Total bedrooms14
  • Total bathrooms7
  • Building size5677 sq. ft.
  • Lot size0.4 acres
  • Year built1975 - 1977
  • CountyHillsborough County
  • SubdivisionALPINE SUBDIVISION
  • ConstructionCBS
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSeptic
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Sale price$449,900
  • Estimated rehab1$0
  • Total investment$449,900
  • TypeActual
  • Gross income (annually)$67,200
  • Operating expenses (annually)$15,244
  • Net income (annually)$51,956
  • Gross return14.94%
  • Gross income (monthly)$5,600
  • Operating expenses (monthly)$1,270
  • Net income (monthly)$4,330
  • Net return11.55%

Property Income & Expenses

  • Income
  • DUPLEX
  • Unit 4: 2 bed / 1 bath$800/month$9,600/year
  • Unit 5: 2 bed / 1 bath$800/month$9,600/year
  • Unit 6: 2 bed / 1 bath$800/month$9,600/year
  • Unit 7: 2 bed / 1 bath$800/month$9,600/year
  • TRIPLEX
  • Unit 1: 2 bed / 1 bath$800/month$9,600/year
  • Unit 2: 2 bed / 1 bath$800/month$9,600/year
  • Unit 3: 2 bed / 1 bath$800/month$9,600/year
  • Total$5,600/month$67,200/year
  • Expenses
  • Property Taxes$358/month$4,296/year
  • Insurance$333/month$4,000/year
  • Water bill$101/month$1,208/year
  • Maintenance reserve$250/month$3,000/year
  • Waste Collection$160/month$1,920/year
  • Electric bill$10/month$120/year
  • Lawn care$58/month$700/year
  • Total$1,270/month$15,244/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

Property Tools

 Print
Copyright by Real Pro, Inc 2024 . All Rights Reserved.