1210 E 140th Avenue, Tampa, FL 33613
Local realty services provided by:Better Homes and Gardens Real Estate Atchley Properties
Listed by: wallas silva
Office: mcbride kelly & associates
MLS#:TB8511454
Source:MFRMLS
Price summary
- Price:$310,000
- Price per sq. ft.:$234.32
About this home
Value-add duplex investment opportunity in Tampa with immediate in-place income and substantial upside potential. 1210 E 140th Ave features a tenant-occupied duplex consisting of a 2-bedroom, 1-bath Unit A currently rented at $1,300/month and a 1-bedroom, 1-bath Unit B currently rented at $1,000/month, both on month-to-month leases with tenants intending to stay. The property currently operates at an approximate 6% cap rate based on current in-place income and estimated operating expenses, with clear upside through repositioning. This is a true investor value-add opportunity, with both units offering renovation upside and the potential for increased rental income through improvements to kitchens, bathrooms, drywall, and overall interior upgrades. Unit A features newer cabinetry, stainless steel appliances, and range, while Unit B has had some bathroom improvements completed. Estimated post-renovation market rents are approximately $1,600/month for the 2/1 and $1,300–$1,400/month for the 1/1. Major updates include roof replaced in 2016 and central AC in Unit A replaced in 2016, while Unit B currently utilizes window units. Property includes two separate electric meters with tenant-paid electric, one shared water meter with owner-paid water averaging approximately $100/month, helping maintain relatively low operating expenses. Property will not be delivered vacant and is being sold strictly AS-IS, with seller making no repairs. Excellent opportunity for investors seeking stable current cash flow with strong repositioning and rental upside in a growing Tampa market....
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Home facts
- Year built:1969
- Listing ID #:TB8511454
- Added:1 day(s) ago
- Updated:May 25, 2026 at 02:38 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Dining Description:L Shaped
- Living area:1,323 sq. ft.
Heating and cooling
- Cooling:Central Air, Wall/Window Unit(s)
- Heating:Central, Ductless
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1969
- Building area:1,323 sq. ft.
- Lot area:0.21 Acres
- Construction Materials:Block, Brick
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Public, Public Sewer
Finances and disclosures
- Price:$310,000
- Price per sq. ft.:$234.32
- Tax amount:$3,735 (2025)
Features and amenities
- Amenities:L Dining, Thermostat
- Pool features:Public Pool
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