1101 Powell Street

Active
  • $200,000
  • Property Type:
  • Location:
  • Beds: 2
  • Baths: 1
  • Sq Ft: 736
  • Lot Sq Ft: 0.210 acres
  • Acres: 0.210

This home is part a package of 23 Single Family rentals all managed by Plant City Rentals. All homes must be sold as a package deal and not individually. 16 of the homes are on Month to Month leases in anticipation of sale and rent increase. 3 additional leases expire in the next 3 months. Currently, rents are well undervalued and could go substantially to market demands. For easy management, all properties are contently located in the city limits of downtown Plant City. All properties are on City water/sewer, no HOA’s, CDD’s or special assessments. Plant City, one of Tampa Bay’s hottest markets, is currently seeing a 2% rise in value monthly. This package includes 5- 2 bed/ 1 baths, 5- 3 bed/ 1 baths, 6- 3 bed/ 2 baths, 1-2 bed/ 2 baths, 1-4 bed/2.5baths, 1- 4 bed/1.5 baths. Currently generating a Gross of $373,500.00 yearly, NOI of $277,302.44 yearly & a 4.6% CAP Rate.

Price:$200,000
Address:1101 Powell Street
City:Plant City
County:Hillsborough
State:Florida
Zip Code:33563
Subdivision:Osborne S R Sub
MLS:T3365272
Year Built:1942
Square Feet:736
Acres:0.210
Lot Square Feet:0.210 acres
Bedrooms:2
Bathrooms:1
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