NyeMosher Schwartz, PA
BEDS7
BATHS
SQUARE FEET2,347
MLS#TB8563797
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONTAMPA HEIGHTS
Property Description
Virtually Staged. FULLY LEASED RIVERSIDE HEIGHTS * THREE DETACHED HOMES* HIGH ANNUALIZED RENTAL INCOME ALL LEASED THROUGH JULY 31, 2027. An opportunity to expand a rental portfolio, reallocate capital, or evaluate a replacement real estate for a qualifying 1031 exchange. Acquire an established rental income producing property with three fully remodeled independent residences with all residences leased through July 31, 2027. Located at 701 W Plaza Place in Riverside Heights, this property offers established rental income and an existing tenant base, eliminating the need for an initial leasing effort. With its unique configuration, the property presents an attractive investment opportunity and a distinctive alternative to traditional apartment-style multifamily ownership. The property includes a 4-bedroom / 2-bathroom home, a 1-bedroom / 1-bathroom home, and a 2-bedroom / 1-bathroom home. All three residences are fully detached, with no shared walls, offering added privacy and a versatile mix of floor plans that distinguishes this investment from a conventional shared-wall triplex. Each home has its own electric meter and dedicated main water line. The property currently shares one water meter, with the potential to install two additional meters for separate water metering, subject to utility approval. Situated in highly desirable Riverside Heights, the property offers unmatched convenience with access to Armature Works, the Tampa Riverwalk, Downtown Tampa, and the University of Tampa. For the buyer who values both the underlying real estate and its income-producing potential, this offering combines three remodeled residences with an established Tampa location. Income and lease information are owner-reported and subject to buyer verification. Buyer to verify leases, payment history, expenses, and all other material information.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Mini-Split Unit(s)
Heating: Central, Electric
Lot Size: 0.20 Acres
Roof Type: Shingle
Taxes: $7,846
Year Built: 1948
Amenities
Ceiling Fans(s)
Eat-in Kitchen
Living Room/Dining Room Combo
Open Floorplan
Stone Counters
Thermostat
Window Treatments
Fence
Lighting
Feature Descriptions
Annual Net Income: 95280.00
Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
Directions: Go North on N Blvd, turn left (west) on Plaza Pl Property will be on the right side with 2 additional units in the back of the property (access via side alley)
Disaster Mitigation: Hurricane Shutters/Windows
Energy Efficient: Insulation, Lighting, Windows
Exterior: Cement Siding, Frame
Flood Zone Code: X
Flooring: Tile, Vinyl
Foundation: Crawlspace, Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.2
Ownership: Fee Simple
Parking: Driveway, On Street, Parking Pad
Parking Notes: Driveway, On Street, Parking Pad
Patio/Porch: Front Porch, Patio
Pets Allowed: Yes
Property Attached Y/N: No
Property Sub-Type: Triplex
Security: Fire Alarm, Security Lights, Security System Owned, Smoke Detector(s)
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only, Call Owner
Special Sale Provisions: None
Utilities: Cable Connected, Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: RS-50
Listed By / Shown By
Listed By
Agency Name: HOMECOIN.COM
Agency Contact: 888-400-2513
Shown By
Agent Name: Nye Mosher Schwartz, PA
Agent Phone: Cell: (954) 701-3346
Agency Title: Realty 100
Estimate Your Payment
Estimated Payment
$ 4,051.85 per month $3,004.29 Principal & Interest $653.83 Property Tax $393.72 Homeowner's InsuranceChange Payment Information
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701 W Plaza Place | MLS# TB8563797
This multi-family property located at 701 W Plaza Place , Tampa, FL 33602 is currently listed for sale with an asking price of $1,349,900. Search Tampa real estate on www.nyesellshomes.com today.