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2813 LORRAINE ST Tampa, FL 33614
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Key Details
Sold Price $450,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,599 sqft
Price per Sqft $281
Subdivision Grove Park Estates Unit 6
MLS Listing ID T3532846
Sold Date 08/01/24
HOA Y/N No
Originating Board Stellar MLS
Year Built 1960
Annual Tax Amount $5,913
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 67x111
Property Description
Welcome to an exceptional investment opportunity located in a centrally located neighborhood! This versatile property, totaling 1599 sqft, offers a unique layout perfect for maximizing rental income. Split into two distinct sections, this property provides both a comfortable family home and a separate studio apartment, each with its own entry and amenities.
Main Residence
Size: Approximately 1100 sqft
Layout: 3 Bedrooms, 1 Bathroom
Features:
Outdoor Space: Enjoy a spacious patio and a refreshing pool, perfect for entertaining or relaxing on sunny days.
Living Area: Bright and open living spaces with modern finishes.
Kitchen: Fully equipped kitchen with updated appliances and ample storage.
Bedrooms: Three well-sized bedrooms with plenty of natural light.
Bathroom: Clean and contemporary design with modern fixtures.
Studio Apartment
Size: Approximately 499 sqft
Layout: Open-concept studio
Features:
Separate Entry: Private access ensures complete independence from the main house.
Parking: Dedicated parking spot for the studio apartment.
Living Area: Cozy and efficient space with a kitchenette and a comfortable living/sleeping area.
Bathroom: Full bathroom with modern amenities.
Financials
Gross Income (2023): $58,000
Income Breakdown: Both units have been successfully rented short-term, providing a consistent and lucrative income stream.
Investment Potential
High Demand Location: Situated in a popular area, this property attracts tourists and short-term renters year-round.
Flexible Usage: Ideal for investors looking to maximize rental income or for owner-occupants wanting to live in one unit while renting out the other.
Proven Track Record: With a gross income of $58,000 in 2023, this property has demonstrated strong earning potential.
Additional Information
Parking: Ample parking space for both units.
Utilities: Separate metering for ease of management.
Proximity: Close to local attractions, dining, shopping, and public transportation.
Don't miss out on this rare investment opportunity! Whether you're an experienced investor or looking to enter the rental market, this property offers flexibility, strong income potential, and an attractive lifestyle for tenants.
Location
State FL
County Hillsborough
Community Grove Park Estates Unit 6
Zoning RSC-6
Interior
Interior Features Ceiling Fans(s), Thermostat
Heating None
Cooling Central Air
Fireplace false
Laundry Electric Dryer Hookup, Laundry Closet, Washer Hookup
Exterior
Exterior Feature Fence, Lighting
Pool In Ground, Screen Enclosure
Utilities Available BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Fiber Optics, Public, Street Lights
Roof Type Shingle
Garage false
Private Pool Yes
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Stucco
New Construction false
Schools
Elementary Schools Egypt Lake-Hb
Middle Schools Pierce-Hb
High Schools Leto-Hb
Others
Pets Allowed Cats OK, Dogs OK
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with YANY REALTY LLC