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3921 State Street 1 & 2
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PRICED AT ONLY: $760,000

Address: 3921 State Street 1 & 2, TAMPA, FL 33609

Description

New construction duplex offering a stabilized investment opportunity with strong in place income. Built approximately three years ago, both units are 2 bedroom, 2 bathroom residences and feature modern construction, efficient layouts, and all major systems less than three years old, including roof, HVAC, plumbing, electrical, and appliances. Everything is essentially brand new. The property offers just over 1,800 square feet total and is fully occupied with tenants in place. Both units are leased into 2026 at market driven rental rates, offering immediate income with long term stability. Financials support an attractive cap rate at the current price point, making this an appealing option for both investors and owner occupants. Located in Flood Zone X, the property has never experienced flooding. This is a turnkey, low maintenance asset in a highly desirable South Tampa location that offers flexibility for both investors and owner occupants. A buyer could enjoy living in one unit while offsetting their mortgage with rental income from the other, or continue operating the property as a fully stabilized investment. An ideal opportunity for those seeking immediate cash flow, long term value, and minimal capital expenditure concerns.

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  • MLS#: TB8465260 ( Residential )
  • Street Address: 3921 State Street 1 & 2
  • Viewed: 63
  • Price: $760,000
  • Price sqft: $415
  • Waterfront: No
  • Year Built: 2023
  • Bldg sqft: 1831
  • Bedrooms: 4
  • Total Baths: 4
  • Full Baths: 4
  • Days On Market: 21

Description

New construction duplex offering a stabilized investment opportunity with strong in place income. Built approximately three years ago, both units are 2 bedroom, 2 bathroom residences and feature modern construction, efficient layouts, and all major systems less than three years old, including roof, HVAC, plumbing, electrical, and appliances. Everything is essentially brand new. The property offers just over 1,800 square feet total and is fully occupied with tenants in place. Both units are leased into 2026 at market driven rental rates, offering immediate income with long term stability. Financials support an attractive cap rate at the current price point, making this an appealing option for both investors and owner occupants. Located in Flood Zone X, the property has never experienced flooding. This is a turnkey, low maintenance asset in a highly desirable South Tampa location that offers flexibility for both investors and owner occupants. A buyer could enjoy living in one unit while offsetting their mortgage with rental income from the other, or continue operating the property as a fully stabilized investment. An ideal opportunity for those seeking immediate cash flow, long term value, and minimal capital expenditure concerns.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Private Entrance, Private Mailbox, Private Yard
  • Flooring: Luxury Vinyl
  • Living Area: 1831.00
  • Roof: Shingle
Property Information
  • Property Condition: Completed
Land Information
  • Lot Features: Cleared, City Limits, Landscaped, Paved
School Information
  • High School: Plant-HB
  • Middle School: Coleman-HB
  • School Elementary: Dale Mabry Elementary-HB
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: None
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Public, Sewer Connected, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range, Washer
  • Country: US
  • Furnished: Unfurnished
  • Interior Features: Ceiling Fans(s), High Ceilings, Open Floorplan
  • Legal Description: BROADMOOR PARK REVISED PLAT LOT 23 BLOCK 3
  • Levels: One
  • Area Major: 33609 - Tampa / Palma Ceia
  • Occupant Type: Tenant
  • Parcel Number: A-21-29-18-3LG-000003-00023.0
  • Unit Number: 1 & 2
  • Views: 63
  • Zoning Code: PD
Nearby Subdivisions
Archer Sub   Azeele Heights   Azeele Park   Barbara Lane Sub   Bayshore Estates   Bayshore Estates 2   Bayshore Estates 3   Beach Park   Beverly Park   Bon Air   Bon Air Rep Blks 10 15   Broadmoor Park   Broadmoor Park Rev   Emma Heights   Golf View Place   Grant Place Revised   Gray Gables   Hales A B   Harding Sub   Hesperides   Hesperides Manor   Ida Heights   Mariner Estates   Normandee Heights   North Bon Air   Oakford   Parkland Estates Rev   Pershing Park   Rosedale North   Rubia   Swann Estates   Terra Nova   West Shore Crest   Westwego  
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