9502 Banyan Avenue, TAMPA, FL 33612
  • MLS#: TB8428982 ( Residential Income )
  • Street Address: 9502 Banyan Avenue
  • Viewed: 18
  • 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: 7
  • 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
Home Owners Association Fee
  1. 0.00
Baths Total
  1. 16
Carport Spaces
  1. 3.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
  2. Wall/Window Unit(s)
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Other
Garage Spaces
  1. 0.00
Heating
  1. Central
  2. Electric
  3. Other
Insurance Expense
  1. 0.00
Interior Features
  1. Other
Legal Description
  1. FAIRVIEW TERRACE RESUB LOTS 13 AND 14 BLOCK 5
Living Area
  1. 11804.00
Area Major
  1. 33612 - Tampa / Forest Hills
Net Operating Income
  1. 0.00
Occupant Type
  1. Tenant
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. A-19-28-19-45N-000005-00013.0
Property Condition
  1. Completed
Property Type
  1. Residential Income
Roof
  1. Other
Sewer
  1. Public Sewer
  2. Other
Tax Year
  1. 2024
Township
  1. 28
Utilities
  1. Electricity Connected
  2. Public
  3. Sewer Connected
  4. Water Connected
Views
  1. 18
Water Source
  1. Public
Year Built
  1. 1988
Zoning Code
  1. RS-50
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Headshot for Associate Krista Plagge
  1. Krista Plagge, REALTOR ®
  2. Tropic Shores Realty
  3. Mobile: 813.285.1702
  4. krista@homeguidetampa.com