3810 W Cleveland St, Tampa, FL 33609

Excellent income opportunity at a quadplex building in the heart of South Tampa! Two of units have been fully renovated. All very easily rentable as in highly desirable area in central South Tampa. Next to Cycle Bar, Ciccio Cali, LA Fitness, and Trader Joes. Private parking for 2 cars per unit. Two tenants are newer with rents of $1400/month plus water/sewer/garbage bill back. Two tenants are long-standing tenants with rents ranging from $1,150-$1,250. Current contracted gross rental income of $62,700/year. Attainable gross rents of $72,000/year, based on increasing tenants to market rent of $1500/month and collecting full water. This affords a cap rate of 6.65% at a pro forma NOI of $53,250/year. See attached Pro Forma and Rent Roll. DO NOT DISTURB TENANTS.