2900 W Grandfield STREET, Plant City, FL, 33563
16 beds
1979
1,560 sqft
Under contract-accepting backup offers. Excellent Investment Opportunity for 4 duplexes - 8 total units on .45 acre property - 1 parcel. Each unit is 2 bedrooms, 1 bath units with exterior storage rooms that have full size washer & dryer hookups - 762 sf heated space in each unit. The roofs were replaced in 2020 & central AC systems. 2 units remodeled in 2024 with new cabinets, bathrooms, vinyl plank flooring and appliances. Most recent unit rented at $1295/m within 1 week. All tenants have been background checked and pay on time with no issues with long term leases. Tenant pays utilites, City Water, city trash collection, City Sewer all paid by tenants individually. Good location, central to everything and minutes from major highways. Lots of potential for rent improvement. Cap rate around 8% for a very good solid investment with easy potential to increase returns. HUD website shows fair market rent for 2 bedrooms in 33563 zip code at $1570/m if new owner chooses to allow section 8 rentals. Owner pays for Lawn Maintenance at $200/m. Turn key investment. Please do not disturb tenants. No HOA or lease restrictions with the city.
Status:
Pending
Type:
Multi-family
Laundry Remarks:
Laundry Room, Outside
Units:
8
Subdivision:
WEST PINECREST
Heating:
Central
Cooling:
Central Air
Acreage:
0.45
Est. Taxes:
$10,343
Construction
Block, Stucco, Wood Frame
Utilities
Cable Available
View Description:
City
Elementary School:
Bryan Plant City-HB
Middle School:
Tomlin-HB
High School:
Plant City-HB
Days on Market:
17
Min Lease Term:
No Minimum
MLS #:
T3511494
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of BLUE SUN REALTY LLC Phone: 813-365-3370