3111 W SPRUCE ST, TAMPA, FL, 33607
$974,900
Residential Income
Bedrooms
8
Bathrooms
5
Living Area
3,185 Sqft
Lot Size
11,880 Sqft
Incredible investment opportunity to own a Triplex apartment building in one of the area's most desirable locations! This property underwent a comprehensive renovation throughout 2025 with no expenses spared, completed with permits and qualified technicians. Now completely occupied and generating over $80,000 in annual rental income, this is a truly turnkey investment. Situated on an oversized corner lot spanning 11,880 square feet (.27 acres) in a prime location - just steps from Macfarlane park, West Tampa little league, schools, grocery stores, restaurants and more. Assumable 6% FHA loan available. Every major system has been updated for years of worry-free ownership: brand new roof and gutters, new IMPACT WINDOWS & doors. Unit A features a new HVAC system, Unit C has a new mini-split, and Unit B's HVAC is only 5-6 years old. All three units feature new water heaters and washer/dryers in each unit. The interiors have been fully remodeled throughout, featuring solid core doors at all bedrooms and bathrooms for added privacy and quality, plus stainless steel appliances and granite countertops in every kitchen. Each unit is thoughtfully separated with its own private driveway, and the property offers a generous 9 off-street parking spaces total—a rare and valuable feature for multi-family properties. Unit mix: Apartment A - 3 bedroom/2 bathroom, Apartment B - 4 bedroom/2 bathroom, Apartment C - 1 bedroom/1 bathroom. Utilities are investor-friendly with 2 electrical meters and 2 water meters; the property is on nearly costless well water with public sewer, helping to keep operating expenses low. Current tenants have a strong history of paying on time with zero hassle. Move-in ready, cash-flowing, and virtually maintenance-free for years to come. Opportunities like this don't last—schedule your showing today!
Property Details
Property Features Property Features
MLS ID: MFRTB8548923 Year Built: 1979
Appliances: Dishwasher, Range, Refrigerator Construction Materials: Block, Stucco
Cooling: Central Air, Mini-Split Unit(s) Country: US
County Or Parish: Hillsborough Exterior Features: Lighting
Flooring: Luxury Vinyl Foundation Details: Slab
Heating: Central, Electric Laundry Features: Inside
Levels: One Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Conventional, FHA, VA Loan Lot Features: Corner Lot
Occupant Type: Tenant Parking Features: Circular Driveway, Curb Parking, Driveway, Off Street
Patio And Porch Features: None Pets Allowed: Yes
Property Condition: Completed Property Sub Type: Triplex
Property Type: Residential Income Road Surface Type: Asphalt
Roof: Shingle Sewer: Public Sewer
Showing Requirements: ShowingTime Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Tenant Pays: Electricity Utilities: Public
View: Park/Greenbelt Water Source: Public, Well
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