2306 Morgan Street, Tampa, FL 33602
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Priced at Only: $1,600,000
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Address: 2306 Morgan Street, Tampa, FL 33602
Property Location and Similar Properties
- MLS#: TB8449870 ( Multi-Family )
- Street Address: 2306 Morgan Street
- Viewed: 5
- Price: $1,600,000
- Price sqft: $357
- Waterfront: No
- Year Built: 1902
- Bldg sqft: 4483
- Bedrooms: 47
- Total Baths: 28
- Days On Market: 3
- Additional Information
- Geolocation: 27.9654 / -82.4583
- County: HILLSBOROUGH
- City: Tampa
- Zipcode: 33602
- Subdivision: Grove Heights
- Provided by: SERRALLES GROUP,INC
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DescriptionLocated in the highly desirable Tampa Heights submarket,2306 Morgan Street consists of two multifamily buildings totaling 7 units across 4,315 square feet. The front triplex, built in 1902,and the rear quadplex, built in 1926, together create a diverse unit mix: 2 studios (343 SF each),one 1 bedroom/1 bathroom units (735 SF each). unit (682 SF), and four 2 bedroom/1 bathroom from recent improvements, including a new roof within the past 2 3 years and upgraded capital expenditures. With a blend of historic character and recent updates, the asset neighborhoods presents a unique opportunity for investors targeting value add potential in one of Tampa's fastest growing Value Add Opportunities adjustments Optimize Rents: to market Several levels. Long term tenants are paying below market rents, creating immediateupside through Utility Bill Backs: Implementing water bill back systems provides a straightforward way to improve net operating income.Redevelopment Potential. Has been freshly painted inside and out, offering strong curb appeal and a low maintenance setup for any investorlooking for steady cash flow. Positioned minutes from some of Tampas most vibrant attractions, residents enjoy easy access to Ybor Cityshistoric nightlife, Downtown Tampas Riverwalk, Armature Works, and the Tampa Heights food and entertainment district. With consistentoccupancy, recent updates, and a prime location near all the citys key amenities, 2306 Morgan stands out as an exceptional opportunity to owna turn key multifamily asset in one of Tampas most in demand rental corridors.
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