Marie Ave Duplexes
Closed6813 N Marie Ave, Tampa, FL 33614
Property type
Multifamily
Unit / Space count
12
Price
$2,200,000
Building size
11,936 sf
Rentable area
11,936 SF
Year built
1984
Year renovated
Occupancy
Zoning code
Lot size
0.55 Acres
Sold/status
Sold · Date unknown
Sale price
$2200000
Bedroom count
Property description
Marie Ave Duplexes is a multifamily property consisting of 12 units constructed in 1984. The property features 6, two-story buildings with pitched shingle roofs and central HVAC. The unit mix is 100% Two-Bedroom, One-Bathroom floor plans averaging 840 square feet. Interior amenities include washer & dryer connections and private screened-in patios which overlook a large, fenced, grassy area. Select interiors have been upgraded with white shaker cabinets, stainless steel appliances, modern ceiling fans, tiled showers, and tiled floors. An investor could achieve significant growth with over $242+ in average monthly rental upside through a strategic value-add interior renovation plan. A utility reimbursement program could also be implemented to recapture $8,200 in additional revenue. Marie Ave Duplexes are located near thousands of national retailers and major employers on Dale Mabry Highway (80,000 AADT). Advent Health Carrollwood, a 103-bed hospital with over 500 employees, is only a quick 3 minute drive from the property. Westshore Business District, Tampa’s largest office community, is located 4.8 miles from the property and contains over 4,000+ businesses and 100,000+ employees. Other nearby points of interest include Tampa International Airport (6.8 Miles), Downtown Tampa (7.4 Miles), Raymond James Stadium (2.8 Miles), Downtown St. Petersburg (23.8 Miles), and St. Pete Beach (29.4 Miles & Voted America’s #1 Beach; Trip Advisor, 2021). Marie Ave Duplexes offers an investor the opportunity to acquire a strong value-add asset in an excellent Tampa location near thousands of major employers and retailers.
Property highlights
- 12 Unit Multifamily Community in Tampa, FL
- Highly Desirable 1980s Construction with Pitched Roofs and Central HVACs
- Spacious Layouts with 100% Two-Bedroom, One-Bathroom Floor Plans Averaging 840 Square Feet
- Interior Amenities Include Washer/Dryer Connections and Private Screened-In Patios
- Significant Rental Upside with Over $242+ in Average Monthly Rental Upside Through Strategic Value-Add Interior Renovation Plan
- The Property is Submetered for Water & Sewer
- Ability to Read Water Meters and Recapture up to 100% Utility Income
- Located 3 Minutes from Advent Health Carrollwood; A 103-Bed Hospital with 500+ Employees
- A 10-Minute Drive to Tampa’s Westshore Business District; An Office Community with Over 12.75 Million SF of Office Space with 4,000+ Businesses and 100,000+ Employees
- Convenient to Thousands of National Retailers on Dale Mabry Highway (80,000 AADT); One of Tampa’s Largest Highways
- Centrally Located Near Many Major Points of Interest Including Tampa International Airport (6.8 Miles), Downtown Tampa (7.4 Miles), Raymond James Stadium (2.8 Miles), Downtown St. Petersburg (23.8 Miles), and St. Pete Beach (29.4 Miles & Voted America’s #1 Beach; Trip Advisor, 2021)
- Convenient to over $6 Billion in Developments Including Midtown Tampa (4.2 Miles), Westshore Plaza Redevelopment (4.8 Miles), and Water Street Tampa (7.4 Miles)