1406 E 21ST AVE, TAMPA, FL, 33605
$650,000
Residential Income
Bedrooms
6
Bathrooms
3
Living Area
2,127 Sqft
Lot Size
5,000 Sqft
Introducing a rare, fully renovated triplex investment opportunity in the heart of V.M. Ybor, one of Tampa’s most dynamic and rapidly evolving urban neighborhoods. Extensively renovated in 2023, nearly every major aspect of the property has been updated, offering investors a turnkey income-producing asset with limited near-term maintenance. The property features a highly desirable three-unit configuration, with the main residence consisting of a spacious 3-bedroom, 1-bath unit previously renting for $2,800 per month and a 2-bedroom, 1-bath unit previously renting for $1,800 per month, along with a detached 1-bedroom, 1-bath accessory dwelling unit providing additional privacy and currently leased at $1,400 per month with approximately seven months remaining on the lease. At full occupancy, the property previously generated approximately $72,000 in annual gross rental income. The tenants in the 3-bedroom and 2-bedroom units recently moved out, creating an excellent opportunity for a new owner to immediately place new tenants, reposition rents, or explore alternative rental strategies based on their investment goals. Located less than a 10-minute drive from Downtown Tampa and just minutes from Ybor City, Tampa Heights, Armature Works, the Tampa Riverwalk, and some of the city’s largest employment, entertainment, and development districts, this property is positioned directly in the path of Tampa’s continued growth. Significant redevelopment, new construction, and investment throughout V.M. Ybor and the surrounding urban core continue to transform the area and strengthen its long-term appeal. Whether you're an investor seeking strong rental income, an owner-occupant looking to offset housing costs with two additional units, or a buyer looking to secure a multi-family asset in a rapidly growing Tampa neighborhood, this renovated V.M. Ybor triplex offers a compelling combination of proven rental history, multiple income streams, extensive 2023 renovations, and an exceptional location minutes from the heart of the city.
Property Details
Property Features Property Features
MLS ID: MFRTB8540301 Year Built: 1926
Appliances: Built-In Oven, Cooktop, Disposal, Gas Water Heater, Microwave, Refrigerator Construction Materials: Asbestos
Cooling: Central Air Country: US
County Or Parish: Hillsborough Exterior Features: Lighting, Private Entrance, Private Mailbox
Flooring: Vinyl Foundation Details: Block
Heating: Central, Electric Laundry Features: Outside
Lease Term: Twelve Months Levels: One
Listing Agreement: Exclusive Right To Sell Listing Terms: Cash, Conventional, FHA
Occupant Type: Tenant Other Equipment: Private Entrance
Patio And Porch Features: Porch Pets Allowed: Yes
Possession: Close Of Escrow Property Sub Type: Triplex
Property Type: Residential Income Road Surface Type: Asphalt
Roof: Metal, Shingle Sewer: Public Sewer
Showing Requirements: 24 Hour Notice, Appointment Only, Call Listing Agent 2, Listing Agent Must Accompany Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Utilities: Electricity Available, Natural Gas Connected, Sewer Connected, Water Connected Water Source: Public
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