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About this home
1511 E 140th Ave is a 1981-built home in Byars Revision Of Sunnyland Ac, Tampa. Inside you'll find 16 bedrooms, 8 bathrooms, and 5,616 square feet of living space. Listed at $1,475,000 (about $263/sqft), 5 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
EIGHT-UNIT MULTIFAMILY INVESTMENT OPPORTUNITY IN TAMPA'S UNIVERSITY AREA! Situated on approximately 0.52 acres, this property features eight 2-bedroom, 1-bathroom apartments across four separate, single-story concrete-block duplex buildings. Conveniently located near the University of South Florida, major employment centers, shopping, dining, and interstate access, this property offers an attractive opportunity for investors seeking a multifamily asset with significant rental income potential. Current ownership has invested extensively in property improvements, with an emphasis on quality materials, durability, and long-term value. Renovated units feature upgrades such as granite and quartz countertops, tile flooring, beautifully tiled tub surrounds, updated kitchens and bathrooms, and other modern finishes. Additional property improvements include replacement windows in numerous units, attractive black aluminum perimeter fencing, landscaping, and palm trees. Renovation levels and finishes vary by unit. FOUR UNITS CURRENTLY OCCUPIED AND FOUR VACANT, providing the next owner with the flexibility to establish new leases at market rates while benefiting from existing rental income. Current occupied rents total $5,875 per month, with estimated market rental potential of $12,125 per month ($145,500 annually) at full occupancy. Unit A also has a scheduled rent increase during the second year of its lease. Tenants are responsible for their individual electric utilities, while ownership provides water and sewer service. With its solid concrete-block construction, desirable all-2-bedroom unit mix, substantial owner improvements, and opportunity to increase occupancy and rental income, this property presents a compelling investment opportunity in Tampa's University Area. Offering Memorandum, rent roll, and additional financial information available upon request.
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Districts can re-zone, so verify directly with the district before relying on these.
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
$1,475,000
$263 per sq ft
Beds and baths
16 beds, 8 baths
Size
5,616 sq ft
Time on market
5 days
Year built
1981
Monthly payment
About $9,909/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $17,737 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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