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2 bed Condo Tampa FL10338

FL10338

Location: Tampa
Type: Condo
Size: 101 sqm (1,088 sqft)
Bedrooms: 2
Net Yield: 12.7%
Peak value: $149,900
$47,000
Key Features
  • Basketball
  • BBQ Area
  • Clubhouse
  • Fitness Centre
  • Gated Community
  • Nearby Schools
  • Swimming Pool
  • Tennis Court
Key Features
  • Basketball
  • BBQ Area
  • Clubhouse
  • Fitness Centre
  • Gated Community
  • Nearby Schools
  • Swimming Pool
  • Tennis Court
Project Description

Excellent investment property with high potential rental returns. 2 bedroom, 1.5 bathroom condo in the gated and well-maintained community of Somerset Park in Northeast Tampa. It is situated on 2 floors, kitchen, living room and half bathroom is located on the first floor, bedrooms and the full bathroom are on the second floor. The property is after foreclosure and needs renovation to get rent ready. The price includes the cost for the necessary renovations to get the unit ready for a tenant.

Amenities include a beautiful clubhouse, fitness center, community pool and tennis court. Convenient location with easy access to commuter roads, close to I-75, I-275, restaurants, shopping, Museum of Science and Industry, Busch Gardens, University Hospital, VA Hospital and much more. Its walking distance to the campus of University of South Florida (USF) provides excellent rental potential.

  • Expected rent: $800
  • HOA: $262
  • Property tax: $483.71
  • ROI: 12.71%
  • Property management: 10% from rental income, optional
  • Net ROI with property management cost included: 10.67%
Location