$3,246,000 - 9502 Banyan Avenue, TAMPA
- 35
- Bedrooms
- 16
- Baths
- 11,804
- SQ. Feet
- 0.17
- Acres
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.
Essential Information
-
- MLS® #:
- TB8428982
-
- Price:
- $3,246,000
-
- Bedrooms:
- 35
-
- Bathrooms:
- 16.00
-
- Square Footage:
- 11,804
-
- Acres:
- 0.17
-
- Year Built:
- 1988
-
- Type:
- Residential Income
-
- Sub-Type:
- Multi Family
-
- Status:
- Active
Community Information
-
- Address:
- 9502 Banyan Avenue
-
- Area:
- Tampa / Forest Hills
-
- Subdivision:
- FAIRVIEW TERRACE RESUB
-
- City:
- TAMPA
-
- County:
- Hillsborough
-
- State:
- FL
-
- Zip Code:
- 33612
Interior
-
- Interior Features:
- Other
-
- Heating:
- Central, Electric, Other
-
- Cooling:
- Central Air, Wall/Window Unit(s)
Exterior
-
- Exterior Features:
- Other
-
- Roof:
- Other
-
- Foundation:
- Other
Additional Information
-
- Days on Market:
- 94
-
- Zoning:
- RS-50
Listing Details
- Listing Office:
- Keller Williams South Tampa