Price $230,000.00
Listing ID T3365246
Status For Sale
Address
Map
1606 S COLLINS STREET, PLANT CITY FL 33563
Area PLANT CITY
Beds 3
Baths 1
Square Ft 900
Lot Size 9,324
Year Built 1955
Taxes $1,330

Description

Property can be sold as a package or individually. This package is 23 Single Family rentals all managed by Plant City Rentals. 15 of the homes are on Month to Month leases in anticipation of sale and rent increase. 3 additional leases expire in the next 4 months, 3 leases expire early 2023. 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.


Features

  • Cooling
  • Heating
  • Fireplace
  • View
  • Waterfront
  • Garage
  • Association

Map Location

Copyright 2020 Miami Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Miami Association of Realtors MLS data last updated on 7/6/2022 1:00:00 AM