Wade M. Berlin

Stellar income property, once restorations are complete. This is truly a unique opportunity for a savvy investor boasting a 20% cap rate! This is 3 tax parcels being offered together. All structures were flood damaged in 2024 and are down to studs awaiting renovations. All big ticket items are finished. Metal roof, HVAC, windows, septic, and electrical are all working. Needs drywall, kitchens and baths, flooring and millwork. Main home can be lived in and one could rent out the other assets to pay the mortgage, or rent out everything for maximum income potential. The second home was used as 7 efficiency rooms with shared kitchen and laundromat. The rooms feature a private entrance and separate electric meter. There are 6 RV pads, also separately metered, and currently half rented. The main home could also be turned into 7 efficiency rooms with shared kitchen for even more income potential. You will have no shortage of tenants due to proximity to the Port of Tampa, 10 minutes to Ybor city, 10 minutes to Amalie Arena, and the gateway to everything Tampa has to offer. Before the hurricanes of 2024 this property had rents over $10,000 monthly, not including the main house. Do not pass up this amazing opportunity!