2318 W POWHATAN AVE, TAMPA, FL, 33603
$319,900
Residential
Bedrooms
3
Bathrooms
3
Living Area
1,378 Sqft
Lot Size
6,180 Sqft
Prime West Tampa Investment Opportunity – 3-Unit Income Property. Looking to add a strong cash-flowing asset to your portfolio? This West Tampa property offers a rare configuration: a single-family home legally set up and functioning as a triplex, all under one electric and water meter, simplifying utilities while maximizing rental potential. The location is unbeatable, just minutes from Tampa International Airport, Downtown Tampa, and Raymond James Stadium, putting tenants close to major employment centers, entertainment, and game-day energy. The property features three units: a 2 bed/1 bath unit with central A/C (approximately 5 years old), a 1 bed/1 bath unit with a window A/C unit, and a studio unit also with a window A/C unit. The property is fully livable in its current condition and generating rental-ready value today, with room to boost returns through cosmetic updates such as fresh paint, flooring, and finishes that could go a long way toward increasing rents and long-term value. The roof was replaced just 2 years ago, offering peace of mind on one of the biggest-ticket items for any investor. As an added bonus, solar panels are already installed on the roof; they are not currently active, and a buyer would need to bring in a solar company to complete the installation and activate the system, but the groundwork is there for a future energy-cost advantage. This is a solid, income-ready opportunity for an investor looking to acquire a multi-unit cash flow property in one of Tampa's most connected corridors, bring your vision for updates and unlock the full upside this property has to give.
Property Details
Property Features Property Features
MLS ID: MFRTB8524344 Year Built: 1960
Appliances: Other, Refrigerator Construction Materials: Block, Stucco
Cooling: Central Air, Wall/Window Unit(s) Country: US
County Or Parish: Hillsborough Direction Faces: North
Exterior Features: Private Entrance, Private Mailbox, Private Yard Fencing: Wood
Flooring: Ceramic Tile, Laminate Foundation Details: Slab
Furnished: Unfurnished Heating: Central, Electric
Laundry Features: Inside Levels: One
Listing Agreement: Exclusive Right To Sell Listing Terms: Cash, Conventional, FHA, VA Loan
Occupant Type: Owner Other Equipment: Private Entrance, Private Yard
Possession: Close Of Escrow Property Sub Type: Single Family Residence
Property Type: Residential Road Surface Type: Paved
Roof: Shingle Sewer: Public Sewer
Showing Requirements: Appointment Only, See Remarks, ShowingTime Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Utilities: Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected Water Source: Public
Rooms Rooms
Kitchen: Living Room:
Primary Bedroom:
We love to hear from you