Jennifer D. Jennings
REALTOR®
BEDS8
BATHS
SQUARE FEET3,294
MLS#TB8476902
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONSUNSET
Property Description
Under contract-accepting backup offers. An outstanding opportunity to acquire two duplexes totaling four income-producing units in one of South Tampa's most desirable and steadily appreciating neighborhoods. Whether expanding your portfolio or pursuing a live-in investment strategy, this property offers immediate cash flow with long-term upside. Each of the four units features two bedrooms and one bathroom with well-proportioned layouts designed for comfortable living. All units are currently leased under current market value by long term tenants totaling $57,000 in annual revenue, providing stable, in-place income from day one. With new leases at current market rate, the possible rental income could exceed $72,000 per year. Situated on two buildable lots, the property presents compelling future redevelopment potential - a rare and valuable advantage in this highly sought-after South Tampa location. Conveniently positioned near major roadways, shopping, dining, schools, and everyday amenities, the location continues to attract strong rental demand and long-term growth. Opportunities that combine immediate income, redevelopment flexibility, and a premier South Tampa address are increasingly hard to find.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Zoned
Heating: Central, Electric
Lot Size: 0.13 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $5,116
Year Built: 1984
Amenities
Solid Surface Counters
Solid Wood Cabinets
Thermostat
Courtyard
Sidewalk
Feature Descriptions
Annual Net Income: 57000.00
Appliances: Cooktop, Dishwasher, Refrigerator
Days on Site: 206
Directions: S On Dale Mabry, right on Elrod, Left on S. Adelia, property on the right hand side.
Exterior: Block, Stucco
Flood Zone Code: X
Flooring: Carpet, Vinyl
Foundation: Slab
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional
Lot: City Limits, In County, Near Public Transit, Sidewalk, Paved
Lot Dimensions: 0.13
Ownership: Fee Simple
Parking: Open
Parking Notes: Open
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: Appointment Only, See Remarks, ShowingTime
Special Sale Provisions: None
Units: 4
Utilities: Electricity Connected
Water: Public
Water Access Y/N: No
Zoning: RM-16
Local Schools
High School: Robinson-HB
Middle School: Madison-HB
Elementary School: Chiaramonte-HB
Listed By / Shown By
Listed By
Agency Name: SMITH & ASSOCIATES REAL ESTATE
Agency Contact: 813-839-3800
Shown By
Agent Name: Jennifer D. Jennings
Agent Phone: (989) 295-4680
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 5,281.77 per month $4,614.82 Principal & Interest $426.33 Property Tax $240.63 Homeowner's InsuranceChange Payment Information
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6404 S Adelia Avenue | MLS# TB8476902
This multi-family property located at 6404 S Adelia Avenue, Tampa, FL 33616 is currently listed for sale with an asking price of $825,000. Search Tampa real estate on www.jdjrealtor.com today.