9502 Banyan Avenue, TAMPA, FL 33612
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  • MLS#: TB8428982 ( Residential Income )
  • Street Address: 9502 Banyan Avenue
  • Viewed: 2
  • Price: $3,246,000
  • Price sqft: $275
  • Waterfront: No
  • Year Built: 1988
  • Bldg sqft: 11804
  • Bedrooms: 35
  • Total Baths: 16
  • Garage / Parking Spaces: 3
  • Days On Market: 2
  • Additional Information
  • Geolocation: 28.0354 / -82.445
  • County: HILLSBOROUGH
  • City: TAMPA
  • Zipcode: 33612
  • Subdivision: Fairview Terrace Resub
  • Provided by: KELLER WILLIAMS SOUTH TAMPA
  • Contact: Correy Smith
  • 813-875-3700
  • mfrmls
  • DMCA Notice
  • Description
    Turnkey Tampa Income Portfolio: 9 (NINE) Properties with Immediate Cash Flow Primed for Growth in Tampa. A Premier Turnkey Rental Portfolio: 9 Properties | 12 Units | 100% Occupied | Tampa, Florida **An unparalleled opportunity to acquire a fully stabilized, income generating portfolio of 9 properties (12 units) strategically located throughout Tampa, Florida. Offered by retiring owners, this meticulously assembled collection represents a rare chance for an investor to achieve immediate and significant scale in one of the nation's most dynamic rental markets. **The portfolio is 100% occupied and generates a substantial Gross Annual Income of $190,380. This offering provides a secure, cash flowing asset from day one, coupled with clearly defined, multi faceted avenues for future value creation. **Portfolio Composition & Strategic Strengths: This is not a homogenous collection of assets; it is a strategically diversified portfolio designed for resilience and optimized returns. **Asset Class Diversity: The portfolio includes a robust mix of single family residences, duplexes and one commercial property, minimizing concentration risk and appealing to a broad tenant base. **Durable Construction: A significant majority of the properties feature low maintenance, high durability block construction, ensuring reduced long term capital expenditures and operational ease. **Immediate & Stable Returns: With all 12 units currently leased to tenants, the portfolio eliminates initial lease up risk and provides immediate, predictable cash flow upon acquisition. **The Value Add Proposition: Unlocking Embedded Equity Beyond its stable in place income, the portfolio is primed for significant growth through two key value add strategies: **Revenue Growth Through Property Enhancement: A new owner has the opportunity to increase revenue by making strategic property improvements. Many units provide a strong foundation for cosmetic and functional upgrades that can enhance their appeal and market position. By investing in these enhancements, a new owner can justify higher rental rates, leading to a direct increase in net operating income and the portfolio's overall value. **Unique Zoning & Development Potential: The portfolio includes a unique mixed use property (3417 E Lake Ave) with valuable Commercial Intensive (CI) zoning. This asset is a strategic long term holding that offers exceptional flexibility. While currently generating residential income, the CI zoning opens future possibilities for higher yield commercial use, a live/work redevelopment, or a small business operation, representing significant embedded value beyond its current function. **Conclusion: An Unmatched Acquisition Opportunity This 9 property portfolio is an ideal turnkey investment for a buyer seeking to establish a strong presence in the Tampa market. It offers a powerful combination of features: 1) stable, immediate cash flow, 2) clear opportunities to add value, and 3) a diversified asset base in a high growth market. This is a rare opportunity to acquire a well established portfolio built for long term performance.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Other
  • Living Area: 11804.00
  • Roof: Other
Property Information
  • Property Condition: Completed
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 3.00
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central, Electric, Other
  • Sewer: Public Sewer, Other
  • Utilities: Electricity Connected, Public, Sewer Connected, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Country: US
  • Interior Features: Other
  • Legal Description: FAIRVIEW TERRACE RESUB LOTS 13 AND 14 BLOCK 5
  • Area Major: 33612 - Tampa / Forest Hills
  • Occupant Type: Tenant
  • Parcel Number: A-19-28-19-45N-000005-00013.0
  • Zoning Code: RS-50