2703 N 9TH ST Tampa, FL 33605
5,212 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 5,212 sqft
Price per Sqft $132
Subdivision Bonniehaven
MLS Listing ID TB8482060
HOA Y/N No
Year Built 1927
Annual Tax Amount $10,417
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 62x127
Property Sub-Type Multi-Family 5+
Source Stellar MLS
Property Description
This is not a “project.” This is a cash-flowing 1927 vintage asset with documented upside. Originally built in 1927, this six-unit apartment building blends historic charm with modern infrastructure upgrades and a clear, engineered path to increased value.
In 2024, the property was struck by lightning — creating the opportunity to professionally upgrade and improve significant portions of the building.
Income Profile (Pre-Strike Performance)
• (4) Fully renovated 1BR units upstairs rented at $2,500/month each (fully furnished)
• (2) Downstairs 1BR units rented at $1,400/month each
• All units separately metered for electric AND water
This asset has already demonstrated strong rental demand at premium rates.
Improvements & Infrastructure
All plumbing and electrical updated upstairs
75 percent of plumbing and electrical upgraded downstairs
New rear staircase
New side porch
Separate electric meters
Separate water meters
The heavy lifting has been done.
Engineered Upside
Seller is providing:
• Full engineering plans for remodel
• Plans to convert lower units into (2) 2BR/2BA units
• Contractor bid for completion
This isn't guesswork — it's a mapped-out value-add strategy.
Why This Is Compelling
• Proven rental history
• Premium furnished rents upstairs
• Clear pathway to increased NOI
• Metered utilities reduce landlord expense exposure
• Historic character with modern systems
For the right investor, this is a repositioning play with documentation, not speculation.
The Big Picture
Assets from the 1920s with separate meters, updated systems, and engineering in hand are rare.
This property was well maintained prior to the 2024 event and presents a unique opportunity to complete an upgrade plan already in motion.
If you understand forced appreciation, this one will make sense.
Location
State FL
County Hillsborough
Community Bonniehaven
Area 33605 - Tampa / Ybor City
Zoning YC-8
Interior
Cooling Central Air
Building
Story 2
Foundation Crawlspace
Lot Size Range 0 to less than 1/4
Structure Type Asbestos
New Construction false
Others
Ownership Corporation
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8482060
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