Headshot for Associate Jim Tacy Sr
  1. Jim Tacy Sr, REALTOR ®
  2. Tropic Shores Realty
  3. Hernando, Hillsborough, Pasco, Pinellas County Homes for Sale
  4. 352.556.4875
  5. 352.556.4875
  6. jtacy2003@gmail.com
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Property Photos
2306 Morgan Street2306 Morgan Street Listing photo id 0 for 2306 Morgan Street Listing photo id 1 for 2306 Morgan Street Listing photo id 2 for 2306 Morgan Street Listing photo id 3 for 2306 Morgan Street
  • MLS#: TB8444805 ( Commercial Sale )
  • Street Address: 2306 Morgan Street
  • Viewed: 54
  • Price: $2,500,000
  • Price sqft: $1,737
  • Waterfront: No
  • Year Built: 1902
  • Bldg sqft: 1439
  • Days On Market: 50
  • Additional Information
  • Geolocation: 27.9654 / -82.4583
  • County: HILLSBOROUGH
  • City: TAMPA
  • Zipcode: 33602
  • Subdivision: Grove Heights
  • Provided by: SERRALLES GROUP,INC
  • Contact: Eddie Serralles
  • 813-307-0007
  • mfrmls
  • DMCA Notice
  • Description
    Located in the highly desirable Tampa Heights submarket,2306 2308 Morgan Street consists of two multifamily buildings totaling 7 units across 4,315 square feet.The front triplex, built in 1902,and the rear quadplex, built in 1926, together create a diverse unit mix: 2 studios (343 SF each), one 1 bedroom/1 bathroom units (735 SF each). unit (682 SF), and four 2 bedroom/1 bathroom from recent improvements, including a new roof within the past 2 3 years and upgraded capital expenditures. With a blend of historic character and recent updates, the asset neighborhoods presents a unique opportunity for investors targeting value add potential in one of Tampa's fastest growing Value Add Opportunities adjustments Optimize Rents: to market Several levels. Long term tenants are paying below market rents, creating immediate upside through Utility Bill Backs: Implementing water bill back systems provides a straightforward way to improve net operating income. Redevelopment Potential: The lot at 2308 Morgan Street is zoned RM 24, allowing future investors the flexibility to redevelop both parcels into higher density multifamily or modern townhomes. Has been freshly painted inside and out, offering strong curb appeal and a low maintenance setup for any investor looking for steady cash flow. The property also includes a separate lot designated for tenant parking, adding convenience and long term value. Positioned minutes from some of Tampas most vibrant attractions, residents enjoy easy access to Ybor Citys historic nightlife, Downtown Tampas Riverwalk, Armature Works, and the Tampa Heights food and entertainment district. With consistent occupancy, recent updates, and a prime location near all the citys key amenities, 2306 Morgan stands out as an exceptional opportunity to own a turn key multifamily asset in one of Tampas most in demand rental corridors.
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Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Flooring
  1. Carpet
Garage Spaces
  1. 0.00
Heating
  1. Central
Insurance Expense
  1. 0.00
Legal Description
  1. GROVE HEIGHTS LOT 4 BLOCK 5
Living Area
  1. 1372.00
Area Major
  1. 33602 - Tampa
Net Operating Income
  1. 0.00
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. A-13-29-18-4XM-000005-00004.0
Property Condition
  1. Completed
Property Type
  1. Commercial Sale
Road Frontage Type
  1. Other
Roof
  1. Shingle
Sewer
  1. Public Sewer
Tax Year
  1. 2024
Township
  1. 29
Utilities
  1. Electricity Available
Views
  1. 54
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/TB8444805
Water Source
  1. Public
Year Built
  1. 1902
Zoning Code
  1. RM-24