1221 E Dr Martin Luther King Jr Boulevard, Tampa, FL 33603

$379,000
  • 1221 E Dr Martin Luther King Jr Boulevard, Tampa, FL 33603 Main Photo

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Active
BEDS2 BATHS SQUARE FEET756 MLS#TB8535299
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONUNPLATTED

Property Description

Income-Producing Investment Opportunity - E. Martin Luther King Jr. Blvd, TampaSituated on an approximately 6,750 SF lot, this income-producing commercial property offers much more than its building footprint. The oversized, fully fenced site combines a renovated office, ample parking, a large usable rear yard, outdoor storage and a dedicated storage shed-creating multiple ways for a tenant or owner-user to utilize the entire property and supporting strong rental potential of approximately $4,500/month ($54,000 annually).nvestment angle: A compact commercial asset with multiple usable components and the ability to generate approximately $54,000 in gross annual rental income-ideal for an investor looking for cash flow or an owner-user who wants to offset occupancy costs with a strategically located Tampa property.The property features a fully renovated office building with private offices, updated restroom, coffee bar, three mini-split HVAC systems, tankless water heater, new windows, upgraded lighting and modern flooring. The large fenced rear yard provides valuable additional utility, including outdoor storage plus one storage shed, creating flexibility for contractors, service businesses, trades, equipment storage or other commercial users.With potential rent of approximately $4,500 / month ($54,000 annually), the property offers compelling income potential relative to its size. The combination of office + secured outdoor storage + dedicated shed + parking allows an investor to market more than simply office space and potentially command a premium from users who need both workspace and storage.Additional highlights include high-visibility MLK frontage, approximately 4-5 front parking spaces, a large fenced rear area with potential for additional parking, Opportunity Zone location.

1221 E Dr Martin Luther King Jr Boulevard | MLS# TB8535299

This multi-family property located at 1221 E Dr Martin Luther King Jr Boulevard, Tampa, FL 33603 is currently listed for sale with an asking price of $379,000. Search Tampa real estate on migdalia.gloryire.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Mini-Split Unit(s)
Heating: None
Lot Size: 0.16 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $1,683
Year Built: 1920

Amenities

Ninguno
Dog Run
Garden
Private Entrance
Private Mailbox
Private Yard
Storage

Feature Descriptions

Annual Net Income: 54000.00
Appliances: Tankless Water Heater
Days on Site: 89
Directions: From I-275, take Exit 46A for Dr. Martin Luther King Jr. Blvd. (SR 574) and head east. Continue approximately 1.5 miles. The property is located on the right at 1221 E. Martin Luther King Jr. Blvd., Tampa, FL 33603.Or, if approaching from Downtown Tampa:D
Exterior: Asbestos
Flood Zone Code: X
Flooring: Luxury Vinyl
Foundation: Crawlspace
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA, Other
Lot Dimensions: 0.16
Other Equipment: Private Entrance, Private Yard
Other Structures: Shed(s), Storage
Ownership: Fee Simple
Parking: Driveway, Guest, Oversized, Parking Pad
Parking Notes: Driveway, Guest, Oversized, Parking Pad
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Combination Lock Box
Special Sale Provisions: None
Utilities: Cable Available, Electricity Available, Phone Available
Water: Public
Water Access Y/N: No
Zoning: CG

Listed By / Shown By

Listed By

Agency Name: SELLSTATE COASTAL REALTY
Agency Contact: 813-940-0101

Shown By

Agent Name: Migdalia De Jesus
Agent Phone: (617) 719-6585
Agency Title: Glory International Real Estate Company

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Estimated Payment

$ 1,094.28 per month $843.49 Principal & Interest $140.25 Property Tax $110.54 Homeowner's Insurance

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