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3324 Abdella Street
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PRICED AT ONLY: $550,000

Address: 3324 Abdella Street, TAMPA, FL 33607

Description

Investors Dream Near Raymond James Stadium! Discover this versatile income producing property in Tampa, just minutes from Raymond James Stadium and Steinbrenner Field. Originally a 3 bedroom, 2 bath home, this property has been thoughtfully converted into two studio apartments, one 1 bedroom apartment, and a main living space with 2 Bedrooms and 1 bath. Current NOI is $36k with a 6.5% Cap Rate, and units are on month to month leases at below market rates. With a Potential Gross Income (PGI) of $64K annually based on current rental market valuation, the property offers a potential of 11.5% Cap Rate. Updated roof (2021) + solar panels for energy efficiency. Prime location close to highways, shopping, dining, and major attractions. Spacious parking for tenants and guests. Endless potential for short term or long term rentals. With a motivated seller and multiple income streams, this property is a true investors gem in one of Tampas hottest rental markets.

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  • MLS#: TB8418630 ( Residential )
  • Street Address: 3324 Abdella Street
  • Viewed: 84
  • Price: $550,000
  • Price sqft: $216
  • Waterfront: No
  • Year Built: 2002
  • Bldg sqft: 2551
  • Bedrooms: 3
  • Total Baths: 2
  • Full Baths: 2
  • Days On Market: 220

Description

Investors Dream Near Raymond James Stadium! Discover this versatile income producing property in Tampa, just minutes from Raymond James Stadium and Steinbrenner Field. Originally a 3 bedroom, 2 bath home, this property has been thoughtfully converted into two studio apartments, one 1 bedroom apartment, and a main living space with 2 Bedrooms and 1 bath. Current NOI is $36k with a 6.5% Cap Rate, and units are on month to month leases at below market rates. With a Potential Gross Income (PGI) of $64K annually based on current rental market valuation, the property offers a potential of 11.5% Cap Rate. Updated roof (2021) + solar panels for energy efficiency. Prime location close to highways, shopping, dining, and major attractions. Spacious parking for tenants and guests. Endless potential for short term or long term rentals. With a motivated seller and multiple income streams, this property is a true investors gem in one of Tampas hottest rental markets.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Awning(s), Private Mailbox, Sidewalk
  • Flooring: Carpet, Tile
  • Living Area: 2028.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Appliances: Cooktop, Dishwasher, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
  • Country: US
  • Interior Features: Ceiling Fans(s), Open Floorplan, Primary Bedroom Main Floor, Thermostat
  • Legal Description: JOHN H DREW'S FIRST EXTENSION LOT 12 BLOCK 51 AND N 1/2 OF CLOSED ALLEY ABUTTING IN S
  • Levels: One
  • Area Major: 33607 - Tampa
  • Occupant Type: Owner
  • Parcel Number: A-10-29-18-3J5-000051-00012.0
  • Style: Contemporary, Traditional
  • Views: 84
  • Zoning Code: RS-50
Nearby Subdivisions
3jf Belvedere Park   Bayamo   Belvedere Park   Benjamins 2nd Add To Wes   Benjamins Add To West Ta   Collins Armenia Park   Collins Philip 2nd Add   Cypress Estates   Drews John H 1st Ext   Drews John H Sub Blks 1 To 10   Drews John H Sub Blks 11 To 1   Ghira   John H Drews First Ext   John H Drews First Extension   Lincoln Gardens   Lincoln Gardens Blocks 1 2   Los Cien   Mac Farlane Park   Mac Farlanes Rev Map Of Add   Mac Farlanes Rev Map Of Additi   Macfarlane Park Blocks 11 Thru   Macfarlane Park Subdivision   Macfarlanes Rev Map Of Add   Michigan Heights   North Hyde Park   Princess Park 1   Richardsons Village Subdivisi   Rio Vista   Sailport Resort Condo On   Unplatted   Villa St Louis   Weaver Andrew W H Weavers   West Tampa Heights   Westfield Add To West Tam   Winton Park  
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Wade M. Berlin

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