3104 W San Juan Street

Tampa, FL 33629

Status

Active

Days on Market

29

Price

$1,195,000

MLS#

O5913785

Property Style

Quadruplex

Year Built

1973

Living Area

3,072

Lot Size

12,000

Acres

0.26

Total Acreage

1/4 to less than 1/2

Legal Subdivision Name

Palma Ceia Park

MLS Area Major

Tampa / Palma Ceia

Property Description

Miramar Flats represents one of the few truly turnkey multifamily investment opportunities in the Hyde Park / Palma Ceia market and an ideal location immediately west of the recently-announced Ritz Carlton Residences. Comprising four spacious units and resort-style amenities, Miramar Flats commands the rare combination of beautiful Palma Ceia neighborhood living, walkability to both Roosevelt Elementary School and Bayshore Boulevard, direct unit access with no common or shared entryways, private fenced back gardens, immaculate interior styling, and direct connectivity throughout the Tampa area via the Selmon Expressway.

Currently 100% occupied with a stable tenant base, the property maintained strong leasing demand and minimal tenant rollover throughout the COVID pandemic. As the surrounding neighborhood continues to benefit from roadway improvements, new park space (500 feet from property), and major nearby luxury development, Miramar Flats has been the direct beneficiary of these significant investments.?

The strong positive impact of these changes can be capitalized upon by a new owner through immediate market-to-market rent increases, additional value-add improvements to the unit interiors and amenities, and potential future development as townhomes or denser apartments.

As the Tampa MSA continues to experience dynamic population growth and Hyde Park single-family homes prices increase, the Palma Ceia neighborhood is expect to further develop into one of the region’s most sought after residential markets.

Additional Information

Taxes

$14955

Annual Gross Income

81679

Community Features

No Deed Restriction

Property Description

One Story

Zoning

RM-16

Utilities

Public

Heating

Electric

Air Conditioning

Central Air

Exterior Construction

Concrete

Exterior Features

Fenced, Lighting, Outdoor Grill

Roof

Shingle

Foundation

Slab

Pool

No Pool

Garage Features

Common

Elementary School

Roosevelt-Hb

Middle School

Coleman-Hb

High School

Plant-HB

Flood Zone Code

X

Parcel ID

A-34-29-18-3U4-000074-00001.0

Legal Description

PALMA CEIA PARK LOTS 1 AND 2 BLOCK 74

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Listing courtesy of COLLISON CAPITAL LLC.

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