$575,000

Description

Investor opportunity in West Tampa. This 7-bedroom, 3-bath single-family home offers approximately 2,970 square feet and is currently operated as a by-the-bed rental property. The property is presently generating approximately $4,200 per month in gross rental income, with 4 additional beds currently vacant, for a total of 10 beds under the current setup. Based on the existing rental structure, the vacant beds provide the potential for approximately $1,500 per month in additional gross income, bringing potential gross rental income to approximately $5,700 per month, or $68,400 annually. Current utility expenses average approximately $800 per month. The high-bedroom-count layout provides an established income-producing setup with additional occupancy upside for an investor looking to expand existing cash flow. Conveniently located in West Tampa with access to I-275, Downtown Tampa, Tampa International Airport, the Westshore business district, shopping, dining and major employment centers.