Address
1402 Maluhia DRIVE, TAMPA, FL
Price
$ 1,399,999
Property Attributes
  • MLS#T3526579
  • TypeIncome
  • CountyHILLSBOROUGH
  • CityTAMPA
  • AreaTampa - Forest Hills
  • NeighborhoodHamners W E Homestead Acres
  • Zip33612
  • StyleMulti Family
  • Year Built1956
  • Taxes$ 5733
  • Price$ 1,399,999
  • Bedrooms12
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage4532
  • Lot Size0.88 Acres
Data Source:
Stellar MLS
Property Description

Welcome to your very own expansive compound, spanning nearly an acre of lush land in the vibrant heart of North Tampa. This exceptional multi-unit property encompasses four buildings, boasting exclusive access via a private road situated across two parcels at 1402 and 1414 Maluhia. Nestled just moments away from the eagerly anticipated redevelopment of the University Uptown District and the bustling energy of USF, this offering presents a rare opportunity for discerning investors.Priced at $1,450,000 for the complete bundle, the property spans a generous 4,523 square feet, comprising two single-family residences and two duplexes, all nestled within the sprawling landscape of just under one acre. While the listing primarily showcases parcel 1402, it's essential to note the additional parcel, 1414, encompassing 19,125 square feet.Each parcel hosts a minimum of three units, with the current RMC-16 zoning allowing for further expansion and the construction of additional structures. Parcel 1 (1402-1404) showcases a spacious single-family home alongside an attached apartment with a separate entrance, offering versatile living arrangements spanning 1,851 square feet. Original wood flooring, vinyl tiles, and carpeting adorn the interiors, featuring either a four-bedroom, two-bathroom layout or a three-bedroom configuration complemented by a one-bedroom apartment. Central air conditioning ensures comfort throughout, while a new roof installed in December 2014 adds to the property's appeal. Parcel 1 also includes a studio-style one-bedroom, one-bathroom duplex (1408-1410) spanning 704 square feet. These units feature wall-mounted air conditioning units and durable vinyl tile flooring, with a new roof added in September 2016. Meanwhile, Parcel 2 (1414) boasts a charming single-family residence comprising two bedrooms and one bathroom across 672 square feet. This home offers ample outdoor space, including fenced front and back yards, with terrazzo tile flooring and wall-mounted air conditioning units enhancing the interior comfort. A recent roof replacement in April 2017 ensures lasting quality. Completing the ensemble, Parcel 2 also features a well-appointed two-bedroom, one-bathroom duplex (1420-1422), spanning 1,296 square feet. Each unit enjoys a private patio area, vinyl tile flooring, and individual air conditioning units, with a new roof installed in April 2017. Constructed from durable concrete block and featuring recently replaced roofs, the entire property is securely enclosed by either chain-link or wooden privacy fencing along all boundaries. Currently, all units are occupied by long-term tenants under active leases, presenting an enticing investment opportunity with immediate returns. Moreover, the property's potential extends into the future, with the capacity to construct additional units or expand existing structures, offering the possibility of accommodating up to 14 to 16 units. Whether seeking an income-generating investment or envisioning a bespoke residential enclave, this expansive compound promises endless possibilities for the discerning investor.

Price History
5/15/2024 Listed $1,450,000
6/7/2024 4% - $1,399,999

General Features

Interior Features Accessibility Features,Built-in Features
Sewer Public Sewer
Heating Electric,Wall Units / Window Unit
Cooling Central Air,Wall/Window Unit(s)
Utilities Electricity Connected
Roof Shingle
Exterior Features Fenced,Private Mailbox
Zoning RMC-16
Construction Materials Block
Year Built 1956
Property SubType Multi Family
Tax Year 2023
Percent Ownership Fee Simple
County Hillsborough
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name HAMNERS W E HOMESTEAD ACRES
Garage Y/N No
Status Active
Directions From I-275S,take exit 51 toward Fowler Avenue,turn right to Fowler Avenue,turn left to N 14th St.,then 1st right onto Maluhia Dr.
ModificationTimestamp 2024-06-07T03:24:05.440Z
City TAMPA
Buyer Agent Compensation 2.5%
View Y/N No
Senior Community Y/N No
NumberOfUnitsTotal 7
MLS Area 33612 - Tampa / Forest Hills
Lot Size Units Square Feet
Lot Size Square Feet 38010
Waterfront Y/N No
Carport Y/N No
Land Lease Y/N No
Tax Annual Amount 5733.66
Additional Parcels Y/N No
Virtual Tour https://www.propertypanorama.com/instaview/stellar/T3526579
Days on Market 23
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 13
Legal Description HAMNER'S W E HOMESTEAD ACRES LOT 13 LESS E 152.5 FT OF LOT 13 BLOCK D AND LESS THE S 20 FT OF LOT 13 LESS E 152.5 FT
Water Access Y/N No
Water View Y/N No
Flood Zone Code X

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N Yes
Laundry Features Laundry Room,Washer Hookup
Total Bedrooms 12
LivingAreaSource Public Records
Total Baths 8

Exterior Features

Water Source Public
Lot Size Area 38010
Foundation Details Slab
Number of Buildings 4
Lot Dimensions 105 x 151
Lot Size Acres 0.88
Road Surface Type Concrete,Dirt,Paved

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 33612

Price
AVG $760K
$1.4M
Taxes
AVG $4,389
$5,733
Visits
AVG 549
516
Data Provided by Inside Real Estate®
Year Built
AVG 1972
1956