6209 Sheldon Rd, Tampa, FL 33615

An old Florida style Seasonal and Corporate Rental community. Located on a 4-lane minutes from TIA, 275, and convenient for tenants shopping, mass transportation, and safety. $300K rebate for repairs, updates, and fees. Current Rent and Income Potential: Units: 8 (all 1BR) Estimated Market Rent: Based on similar properties in the area, the 1BR units could rent for around $1,500 per month each. Total Monthly Income: 8 units x $1,500 = $12,000/month Annual Gross Income: $12,000 x 12 = $144,000/year Net Operating Income (NOI): Assuming typical operating expenses of around 30% of the gross income, the estimated NOI would be approximately $100,800/year. After-Repair Value (ARV): Using a 6% cap rate (standard for the area) and the NOI of $100,800, the property’s ARV is estimated at: Cap Rate NOI=0.06100,800=1.68 million This reflects the property’s potential once fully updated and operating at market rents Private road entry from a main artery 4 lane, minutes from the airport. It is sold "as is" because I don't want to make repairs. Owner Financing is available but without the rebate. Do not call, no one will answer.