1210 E 140TH AVENUE, Tampa, FL, 33613 | $285,000

Income-Producing VALUE-ADD Tampa Duplex with Immediate Cash Flow & Strong Rental Upside

Opportunity to acquire a cash-flowing duplex in a rapidly growing Tampa market with significant upside potential. 1210 E 140th Ave is currently generating $2, 300 per month in gross rental income with both units occupied and tenants expressing interest in remaining, providing immediate income from day one.

The property consists of a 2-bedroom, 1-bath unit currently leased at $1, 300/month and a 1-bedroom, 1-bath unit leased at $1, 000/month. Both tenants are on month-to-month agreements, offering investors flexibility to maintain occupancy, increase rents, or implement a value-add strategy.

This property presents a clear path to increased cash flow through strategic interior improvements and repositioning. Estimated market rents after renovation are approximately $1, 600/month for the 2-bedroom unit and $1, 300-$1, 400/month for the 1-bedroom unit, creating a compelling opportunity to boost NOI and long-term asset value.

Recent capital improvements include a roof replacement in 2016 with central HVAC replacement in Unit A in 2016 and wall unit AC in unit B. Utilities are investor-friendly with separate electric meters for each unit, allowing tenants to pay their own electric service. Water is supplied through a shared meter and averages approximately $100 per month.

Whether you're looking to expand an existing portfolio, complete a value-add renovation project, or secure a cash-flowing asset in one of Florida's strongest rental markets, this duplex offers both immediate income and long-term appreciation potential.

Properties at this price point with in-place income and rental upside are becoming increasingly difficult to find in Tampa. Schedule your showing today.

Property being sold AS-IS. Tenant occupied. Seller will make no repairs.

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