This home is part of 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 Bays’ 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.
|Address:||1902 E Cherry Street|
|Lot Square Feet:||0.200 acres|