Investor score69
East Tampa walk-up. Basis works; operations are the product. Pass if you are not set up for self-manage or a local 8–20 unit operator. Flood and insurance quotes before LOI.
- Ask
- $1,125,000
- Offer
- $1,040,000
- Units
- 8
- Occupancy
- 88%
- Year built
- 1972
- Gross rent
- $153,600
- Collected rent
- $135,168
- Expenses
- $62,200
- Net income
- $72,968
- Cap rate
- 7.0%
- GRM
- 6.77
- $/door
- $130,000
- Debt yield
- 10.8%
- Expense ratio
- 46.0%
UNIT MIX
In-place rents
| Type | Count | Rent | Monthly |
|---|---|---|---|
| 2 bed / 1 bath | 8 | $1,600/mo | $12,800/mo |
Risks
- Flood AE adjacent
- Self-manage requirement
- Capex on 1972 electric