REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Ashley Brown

ashleytherealtor20@gmail.com +1(689) 288-9839

$ 1,349,900

Est. payment | -/mo

7 Beds

4 Baths

2,347 SqFt

Save

$ 1,349,900

Est. payment | -/mo

Save

7 Beds

4 Baths

2,347 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,347 sqft

Price per Sqft $575

Subdivision Tampa Heights

MLS Listing ID TB8563797

Bedrooms 7

HOA Y/N No

Year Built 1948

Annual Tax Amount $7,846

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 140x64

Property Sub-Type Triplex

Source Stellar MLS

Property Description

Virtually Staged. FULLY LEASED RIVERSIDE HEIGHTS * THREE DETACHED HOMES* HIGH ANNUALIZED RENTAL INCOME ALL LEASED THROUGH JULY 31, 2027. An opportunity to expand a rental portfolio, reallocate capital, or evaluate a replacement real estate for a qualifying 1031 exchange. Acquire an established rental income producing property with three fully remodeled independent residences with all residences leased through July 31, 2027. Located at 701 W Plaza Place in Riverside Heights, this property offers established rental income and an existing tenant base, eliminating the need for an initial leasing effort. With its unique configuration, the property presents an attractive investment opportunity and a distinctive alternative to traditional apartment-style multifamily ownership. The property includes a 4-bedroom / 2-bathroom home, a 1-bedroom / 1-bathroom home, and a 2-bedroom / 1-bathroom home. All three residences are fully detached, with no shared walls, offering added privacy and a versatile mix of floor plans that distinguishes this investment from a conventional shared-wall triplex. Each home has its own electric meter and dedicated main water line. The property currently shares one water meter, with the potential to install two additional meters for separate water metering, subject to utility approval. Situated in highly desirable Riverside Heights, the property offers unmatched convenience with access to Armature Works, the Tampa Riverwalk, Downtown Tampa, and the University of Tampa. For the buyer who values both the underlying real estate and its income-producing potential, this offering combines three remodeled residences with an established Tampa location. Income and lease information are owner-reported and subject to buyer verification. Buyer to verify leases, payment history, expenses, and all other material information.

Location

State FL

County Hillsborough

Community Tampa Heights

Area 33602 - Tampa

Zoning RS-50

Interior

Interior Features Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Open Floorplan, Stone Counters, Thermostat, Window Treatments

Heating Central, Electric

Cooling Central Air, Mini-Split Unit(s)

Flooring Tile, Vinyl

Fireplace false

Appliance Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Tankless Water Heater, Washer

Laundry Inside, Laundry Closet, Laundry Room

Exterior

Exterior Feature Fence, Lighting

Parking Features Driveway, On Street, Parking Pad

Utilities Available Cable Connected, Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected

View Y/N No

Water Access No

Roof Type Shingle

Porch Front Porch, Patio

Garage false

Private Pool No

Building

Foundation Crawlspace, Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Cement Siding,Frame

New Construction false

Others

Pets Allowed Yes

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by Jonathan Minerick HOMECOIN.COM

NEARBY SCHOOL & BUSINESS

+1(689) 288-9839

ashleytherealtor20@gmail.com

GET MORE INFORMATION

Quick Search

701 W PLAZA PL Tampa, FL 33602