1210 E 140th Avenue, Tampa, FL 33613

Property Description

MASSIVE PRICE ADJUSTMENT. NOW AROUND AN 8% CAP. Income-Producing VALUE-ADD Tampa Duplex with Immediate Cash Flow & Strong Rental Upside Opportunity to acquire a cash-flowing duplex in a rapidly growing Tampa market with significant upside potential. 1210 E 140th Ave is currently generating $2,300 per month in gross rental income with both units occupied and tenants expressing interest in remaining, providing immediate income from day one. The property consists of a 2-bedroom, 1-bath unit currently leased at $1,300/month and a 1-bedroom, 1-bath unit leased at $1,000/month. Both tenants are on month-to-month agreements, offering investors flexibility to maintain occupancy, increase rents, or implement a value-add strategy. This property presents a clear path to increased cash flow through strategic interior improvements and repositioning. Estimated market rents after renovation are approximately $1,600/month for the 2-bedroom unit and $1,300-$1,400/month for the 1-bedroom unit, creating a compelling opportunity to boost NOI and long-term asset value. Recent capital improvements include a roof replacement in 2016 with central HVAC replacement in Unit A in 2016 and wall unit AC in unit B. Utilities are investor-friendly with separate electric meters for each unit, allowing tenants to pay their own electric service. Water is supplied through a shared meter and averages approximately $100 per month. Whether you're looking to expand an existing portfolio, complete a value-add renovation project, or secure a cash-flowing asset in one of Florida's strongest rental markets, this duplex offers both immediate income and long-term appreciation potential. Properties at this price point with in-place income and rental upside are becoming increasingly difficult to find in Tampa. Schedule your showing today. Property being sold AS-IS. Tenant occupied. Seller will make no repairs.