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Douglas Mitchell

djmitchell28@gmail.com +1(407) 878-9586

$ 1,499,000

Est. payment | -/mo

1,372 SqFt

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$ 1,499,000

Est. payment | -/mo

Save Virtual Tour

1,372 SqFt

Key Details

Property Type Commercial

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 1,372 sqft

Price per Sqft $1,092

Subdivision Grove Heights

MLS Listing ID TB8445667

HOA Y/N No

Year Built 1902

Annual Tax Amount $4,959

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 50x120

Property Sub-Type Multi-Family 5+

Source Stellar MLS

Property Description

Located in the highly desirable Tampa Heights submarket,2306 Morgan Street consists of two multifamily buildings totaling 7 units across 4,315 square feet. The front triplex, built in 1902,and the rear quadplex, built in 1926, together create a diverse unit mix: 2 studios (343 SF each), one 1-bedroom/1-bathroom units (735 SF each). unit (682 SF), and four 2-bedroom/1-bathroom from recent improvements, including a new roof within the past 2-3 years and upgraded capital expenditures. With a blend of historic character and recent updates, the asset neighborhoods presents a unique opportunity for investors targeting value-add potential in one of Tampa's fastest-growing Value-Add Opportunities adjustments Optimize Rents: to market Several levels. Long-term tenants are paying below-market rents, creating immediate upside through Utility Bill-Backs: Implementing water bill-back systems provides a straightforward way to improve net operating income. Redevelopment Potential. Has been freshly painted inside and out, offering strong curb appeal and a low-maintenance setup for any investor looking for steady cash flow. Positioned minutes from some of Tampa's most vibrant attractions, residents enjoy easy access to Ybor City's historic nightlife, Downtown Tampa's Riverwalk, Armature Works, and the Tampa Heights food and entertainment district. With consistent occupancy, recent updates, and a prime location near all the city's key amenities, 2306 Morgan stands out as an exceptional opportunity to own a turn-key multifamily asset in one of Tampa's most in-demand rental corridors.

Location

State FL

County Hillsborough

Community Grove Heights

Area 33602 - Tampa

Zoning RM-24

Interior

Heating Ductless

Cooling Wall/Window Unit(s)

Flooring Carpet, Linoleum

Exterior

View Y/N No

Water Access No

Exposure West

Building

Foundation Crawlspace, Slab

Lot Size Range 0 to less than 1/4

Structure Type Stucco,Wood Siding

New Construction false

Others

Ownership Other

Acceptable Financing Cash, Conventional, FHA, Private Financing Available

Listing Terms Cash, Conventional, FHA, Private Financing Available

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8445667

Listed by Eddie Serralles SERRALLES GROUP,INC

Schools and Properties Nearby

Learn More About

The Mitchell Collective

+1(407) 878-9586

djmitchell28@gmail.com

themitchellcollective.homes

1400 S International Pkwy, Lake Mary, FL, 32746-1607, USA

2306 N MORGAN ST Tampa, FL 33602