9502 Banyan Avenue, TAMPA, FL 33612
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- MLS#: TB8428982 ( Residential Income )
- Street Address: 9502 Banyan Avenue
- Viewed: 33
- Price: $3,246,000
- Price sqft: $275
- Waterfront: No
- Year Built: 1988
- Bldg sqft: 11804
- Bedrooms: 35
- Total Baths: 16
- Garage / Parking Spaces: 3
- Days On Market: 10
- Additional Information
- Geolocation: 28.0354 / -82.445
- County: HILLSBOROUGH
- City: TAMPA
- Zipcode: 33612
- Subdivision: Fairview Terrace Resub
- Provided by: KELLER WILLIAMS SOUTH TAMPA
- Contact: Correy Smith
- 813-875-3700
- DMCA Notice
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DescriptionTurnkey Tampa Income Portfolio: 9 (NINE) Properties with Immediate Cash Flow Primed for Growth in Tampa. A Premier Turnkey Rental Portfolio: 9 Properties | 12 Units | 100% Occupied | Tampa, Florida **An unparalleled opportunity to acquire a fully stabilized, income generating portfolio of 9 properties (12 units) strategically located throughout Tampa, Florida. Offered by retiring owners, this meticulously assembled collection represents a rare chance for an investor to achieve immediate and significant scale in one of the nation's most dynamic rental markets. **The portfolio is 100% occupied and generates a substantial Gross Annual Income of $190,380. This offering provides a secure, cash flowing asset from day one, coupled with clearly defined, multi faceted avenues for future value creation. **Portfolio Composition & Strategic Strengths: This is not a homogenous collection of assets; it is a strategically diversified portfolio designed for resilience and optimized returns. **Asset Class Diversity: The portfolio includes a robust mix of single family residences, duplexes and one commercial property, minimizing concentration risk and appealing to a broad tenant base. **Durable Construction: A significant majority of the properties feature low maintenance, high durability block construction, ensuring reduced long term capital expenditures and operational ease. **Immediate & Stable Returns: With all 12 units currently leased to tenants, the portfolio eliminates initial lease up risk and provides immediate, predictable cash flow upon acquisition. **The Value Add Proposition: Unlocking Embedded Equity Beyond its stable in place income, the portfolio is primed for significant growth through two key value add strategies: **Revenue Growth Through Property Enhancement: A new owner has the opportunity to increase revenue by making strategic property improvements. Many units provide a strong foundation for cosmetic and functional upgrades that can enhance their appeal and market position. By investing in these enhancements, a new owner can justify higher rental rates, leading to a direct increase in net operating income and the portfolio's overall value. **Unique Zoning & Development Potential: The portfolio includes a unique mixed use property (3417 E Lake Ave) with valuable Commercial Intensive (CI) zoning. This asset is a strategic long term holding that offers exceptional flexibility. While currently generating residential income, the CI zoning opens future possibilities for higher yield commercial use, a live/work redevelopment, or a small business operation, representing significant embedded value beyond its current function. **Conclusion: An Unmatched Acquisition Opportunity This 9 property portfolio is an ideal turnkey investment for a buyer seeking to establish a strong presence in the Tampa market. It offers a powerful combination of features: 1) stable, immediate cash flow, 2) clear opportunities to add value, and 3) a diversified asset base in a high growth market. This is a rare opportunity to acquire a well established portfolio built for long term performance.
Property Location and Similar Properties
Features
Home Owners Association Fee
- 0.00
Baths Total
- 16
Carport Spaces
- 3.00
Close Date
- 0000-00-00
Cooling
- Central Air
- Wall/Window Unit(s)
Country
- US
Covered Spaces
- 0.00
Exterior Features
- Other
Garage Spaces
- 0.00
Heating
- Central
- Electric
- Other
Insurance Expense
- 0.00
Interior Features
- Other
Legal Description
- FAIRVIEW TERRACE RESUB LOTS 13 AND 14 BLOCK 5
Living Area
- 11804.00
Area Major
- 33612 - Tampa / Forest Hills
Net Operating Income
- 0.00
Occupant Type
- Tenant
Open Parking Spaces
- 0.00
Other Expense
- 0.00
Parcel Number
- A-19-28-19-45N-000005-00013.0
Property Condition
- Completed
Property Type
- Residential Income
Roof
- Other
Sewer
- Public Sewer
- Other
Tax Year
- 2024
Township
- 28
Utilities
- Electricity Connected
- Public
- Sewer Connected
- Water Connected
Views
- 33
Water Source
- Public
Year Built
- 1988
Zoning Code
- RS-50