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Sold for $740,000 Sold

5901 E Gibson Avenue
Tampa, FL 33617

12 units | Multi Family Home
0.85 acres - MLS# T2877549
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Sold

Sold for $740,000 on Oct 31, 2017

Description

BACK ON THE MARKET! Campus Gardens is a twelve-unit (6 duplexes) apartment complex located in the USF District, walking distance from downtown Tmpl Terrace. All units feature a one bedroom, one bath layout with a spacious 645 Sq ft floor plan. Tenants have a choice of tiled or carpeted units, based on availability. Excellent opportunity to live close to USF, University Mall, Moffitt Center, Veterans & Florida Hospitals, etc. The entire property was upgraded 5 years ago. Each unit has it own electric meter so the tenants pay their own electric bill. There is no cost for water and sewer as the property has its own well and a septic tank. This is a very clean, well-maintained property located in a well established growing area. All twelve units are currently rented. Annual vacancy/loss rate is less than 5%. Please complete and send attached NDA to receive details and arrange to view the property at a mutually convenient time.

Features

  • Annual Expenses: 25800
  • Annual Net Income: 61500.00
  • Appliances: Electric Water Heater, Range, Range Hood, Refrigerator
  • Building Area Source: Public Records
  • Building Name Number: 5901-5911
  • Carport Spaces: 5
  • Carport YN: Yes
  • Community Features: Sidewalk
  • Construction Materials: Block, Brick, Stucco
  • Cooling: Central Air
  • Country: US
  • County/Area: Hillsborough County
  • Direction Faces: North
  • Exterior Features: Fenced
  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Future Land Use: 0104
  • Gross Income: 91440
  • Heating: Central, Electric
  • Lease Term: 24 Months
  • Listing Status: Sold
  • Lot Dimensions: 143.0X260.0
  • Lot Features: Cul-de-sac, In County, Level/Flat, Near Public Transit, Street Dead-End, Street Paved
  • Lot Size: 0.8500
  • Lot Size Square Feet: 37178
  • Millage Rate: 20.2100
  • Parcel Number: U-10-28-19-ZZZ-000001-31060.0
  • Parking Features: Open
  • Pet Restrictions: Small Only; under 15 lbs.
  • Pets Allowed: Yes
  • Property Type: Multi Family Home
  • Roof: Shingle
  • Sold Date: 2017-10-31 00:00:00
  • Sold Price: 740000.00
  • Sq.Ft.: 7722
  • Style: Multi-Family (Multi-Family)
  • Sub Type: Multi-Family
  • Subdivision: Gibson
  • Subdivision Num: ZZZ
  • Subdivision/Neighborhood: Gibson
  • SW Subdiv Community Name: Not Applicable
  • Tax Year: 2016
  • Total Acreage: 1/2 Acre to 1 Acre
  • Total Actual Rent: 7625
  • Total Monthly Expenses: 2150
  • Total Num Buildings: 6
  • Township: 28
  • Unit Count: 2
  • Units: 12
  • Utilities: Cable Available, Electricity Connected, Fire Hydrant
  • Year Built: 1973
  • Zip Code: 33617
  • Zoning: RMC-20

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