Price: $550,000
MLS Number: TB8418630
 Single Family
3324 ABDELLA, Tampa, Florida 33607 USA
 Beds: 3
 
 Baths: 2
 
 Living Area: 2,028
 Total Square Feet: 2,551
 
 Lot Square Feet: 5,562
 
 HOA Fees: 
 Year Built: 2002
 
 Community: JOHN H DREWS FIRST EXT
 
 Subdivision: JOHN H DREWS FIRST EXT
About this Property
Investor’s 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 investor’s gem in one of Tampa’s hottest rental markets.

About the Area

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