324 OAK ROSE LN #202  •  $232,500
TAMPA, FL 33612


Package of four hassle-free turnkey 2/1 condos in the gated community of Renaissance Villas near USF in Tampa. Low HOA fees of $236/mo per unit includes all exterior maintenance, roof, pool, and water/sewer/garbage. No assessments pending. Each unit is a 2/1 with 899 sq ft of living space. Units are not adjoining, but are within a block of each other. The three second-floor units have balconies. One ground floor unit boasts a small backyard. All units occupied by same tenants since 2015/2016, with lease terms as follows: 324 Oak Rose #202: Rented for $840/mo. Same reliable tenant since 10/2015. Month to Month. 305 Oak Rose #201: Rented for $800/mo. Same reliable tenant since 10/2016. Lease expires 9/30/18. 203 Pine Violet #201: Rented for $840/mo. Same reliable tenant since 11/2016. Lease expires 10/31/18. 12406 Orange Blossom Oak #101: Rented for $895/mo. Same reliable tenants since 11/2015. Lease expires 10/31/18. Listing agent has been managing properties for entirety of above leases with near zero vacancy. Seller is a CPA with immaculate financial records. Overall package boasts a true 8.5% cap rate at asking price including all actual expenses (see MLS attachments)! Won't last long. Property management available if desired.

Listed By: Copeland Morgan LLC

  • MLS #: U7837756
  • Acres: 0.00
  • Taxes: $570 for 2016
  • Built in 1975
  • Exterior Features: Balcony
  • Interior Features: Ceiling Fans(s)
  • Construction Materials: Stucco,Wood Frame
  • Roof: Shingle
  • A/C: Central Air
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