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About this home
701 W Plaza Pl is a 1948-built home in Tampa Heights, Tampa. Inside you'll find 7 bedrooms, 4 bathrooms, and 2,347 square feet of living space. Listed at $1,349,900 (about $575/sqft), 11 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
Virtually Staged. FULLY LEASED RIVERSIDE HEIGHTS * THREE DETACHED HOMES* HIGH ANNUALIZED RENTAL INCOME ALL LEASED THROUGH JULY 31, 2027. An opportunity to expand a rental portfolio, reallocate capital, or evaluate a replacement real estate for a qualifying 1031 exchange. Acquire an established rental income producing property with three fully remodeled independent residences with all residences leased through July 31, 2027. Located at 701 W Plaza Place in Riverside Heights, this property offers established rental income and an existing tenant base, eliminating the need for an initial leasing effort. With its unique configuration, the property presents an attractive investment opportunity and a distinctive alternative to traditional apartment-style multifamily ownership. The property includes a 4-bedroom / 2-bathroom home, a 1-bedroom / 1-bathroom home, and a 2-bedroom / 1-bathroom home. All three residences are fully detached, with no shared walls, offering added privacy and a versatile mix of floor plans that distinguishes this investment from a conventional shared-wall triplex. Each home has its own electric meter and dedicated main water line. The property currently shares one water meter, with the potential to install two additional meters for separate water metering, subject to utility approval. Situated in highly desirable Riverside Heights, the property offers unmatched convenience with access to Armature Works, the Tampa Riverwalk, Downtown Tampa, and the University of Tampa. For the buyer who values both the underlying real estate and its income-producing potential, this offering combines three remodeled residences with an established Tampa location. Income and lease information are owner-reported and subject to buyer verification. Buyer to verify leases, payment history, expenses, and all other material information.
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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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
$1,349,900
$575 per sq ft
Beds and baths
7 beds, 4 baths
Size
2,347 sq ft
Time on market
11 days
Year built
1948
Monthly payment
About $8,369/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $7,846 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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