2306 N MORGAN ST, TAMPA, FL, 33602
$1,600,000
Residential Income
Bedrooms
47
Bathrooms
28
Living Area
1,372 Sqft
Lot Size
6,000 Sqft
Located in the highly desirable Tampa Heights submarket,2306 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 immediateupside through Utility Bill-Backs: Implementing water bill-back systems provides a straightforward way to improve net operating income.Redevelopment Potential. Has been freshly painted inside and out, offering strong curb appeal and a low-maintenance setup for any investorlooking for steady cash flow. Positioned minutes from some of Tampa’s most vibrant attractions, residents enjoy easy access to Ybor City’shistoric nightlife, Downtown Tampa’s Riverwalk, Armature Works, and the Tampa Heights food and entertainment district. With consistentoccupancy, recent updates, and a prime location near all the city’s key amenities, 2306 Morgan stands out as an exceptional opportunity to owna turn-key multifamily asset in one of Tampa’s most in-demand rental corridors.
Property Details
Property Features Property Features
MLS ID: MFRTB8449870 Year Built: 1902
Construction Materials: Stucco, Wood Siding Cooling: Wall/Window Unit(s)
Country: US County Or Parish: Hillsborough
Exterior Features: Other Flooring: Carpet, Linoleum
Foundation Details: Crawlspace, Slab Heating: Ductless
Laundry Features: Electric Dryer Hookup, Washer Hookup Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Conventional, FHA, Private Financing Available Property Sub Type: Multi Family
Property Type: Residential Income Road Surface Type: Asphalt
Roof: Shingle Sewer: Public Sewer
Showing Requirements: Call Listing Office, Do Not Contact Tenants Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Tenant Pays: Electricity Utilities: Public
Water Source: Public
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