Property Details

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.