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About this home
8923 N Lynn Ave is a 1949-built home in Casa Loma Sub, Tampa. Inside you'll find 4 bedrooms, 5 bathrooms, and 2,500 square feet of living space. Listed at $550,000 (about $220/sqft), 17 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
Versatile opportunity to acquire a fully occupied five-unit income property in a highly desirable Tampa location. Generating approximately $10,000 a month in gross rental income, this turnkey investment offers an excellent opportunity for an investor or owner occupant with extended family with immediate revenue with established tenants already in place. Situated on a spacious lot, the property features generous front and rear yard areas, plenty of parking spaces, shared laundry facilities, and ample outdoor space. The buildings have been maintained and have been totally renovated and are positioned to continue serving the area's strong rental demand. Located minutes from major highways, downtown Tampa, shopping, dining, entertainment, schools, medical facilities, and Tampa International Airport, the property benefits from exceptional accessibility and convenience. Opportunities to purchase a stabilized multi-unit property with existing income in such a central location are increasingly limited. Ideal for investors or owner occupy seeking a cash-flowing asset with long-term appreciation potential in one of Tampa's most active rental markets
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The essentials
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Details
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Price history
Neighborhood
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$550,000
$220 per sq ft
Beds and baths
4 beds, 5 baths
Size
2,500 sq ft
Time on market
17 days
Year built
1949
Monthly payment
About $3,555/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $4,939 annual tax bill, insurance.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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