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7309 and 7311 Hutton Place, Tampa, FL 33604

Multi-Family Home For Sale

7309 and 7311 Hutton Place, Tampa, FL 33604 House For Sale - MLS #T2934511
$650,000
Multi-Family
4 Family
This listing is courtesy of Rachel Phillips from Highmark Real Estate

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Property Description for 7309 and 7311 Hutton Place, Tampa, FL 33604

Excellent income opportunity, two adjacent quadplex buildings (7309 & 7311 Hutton Place) for a total of 8 units (all 2 bed / 1 bath), being sold as package. Units have ceramic tile floors throughout. Private parking for 2 cars per unit. 4 of the units are rented to Section 8 tenants with rents ranging from $840-$925/month. The remaining 4 units are rented to long-term tenants with rents at $700/month. Current contract gross income of $76,404/year for all 8 units. Attainable gross rents of $87,204/year. This affords a cap rate of 10.50% at a pro forma net annual income of $68,340 for the 8 units. DO NOT DISTURB TENANTS.

Interior Details

Range; Refrigerator; Tankless Water Heater
Washer/Dryer Hookup

Exterior Details

0.14 acres
5,900 sq. ft.
Washer/Dryer Hookup

Other Details

T2934511
1981
$6,367
City Water; Electric
Temple Crest Unit 03
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Town Description

The city of Tampa operates over 165 parks and beaches covering 2,286 acres (9.25 km2) within city limits; 42 more in surrounding suburbs covering 70,000 acres (280 km2), are maintained by Hillsborough...

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