1210 E 140th Avenue, Tampa, FL 33613
Local realty services provided by:Gulf Shores Realty ERA Powered
Listed by: wallas silva
Office: mcbride kelly & associates
MLS#:TB8511454
Source:MFRMLS
Price summary
- Price:$285,000
- Price per sq. ft.:$215.42
About this home
MASSIVE PRICE ADJUSTMENT. NOW AROUND AN 8% CAP. Income-Producing VALUE-ADD Tampa Duplex with Immediate Cash Flow & Strong Rental Upside
Opportunity to acquire a cash-flowing duplex in a rapidly growing Tampa market with significant upside potential. 1210 E 140th Ave is currently generating $2,300 per month in gross rental income with both units occupied and tenants expressing interest in remaining, providing immediate income from day one.
The property consists of a 2-bedroom, 1-bath unit currently leased at $1,300/month and a 1-bedroom, 1-bath unit leased at $1,000/month. Both tenants are on month-to-month agreements, offering investors flexibility to maintain occupancy, increase rents, or implement a value-add strategy.
This property presents a clear path to increased cash flow through strategic interior improvements and repositioning. Estimated market rents after renovation are approximately $1,600/month for the 2-bedroom unit and $1,300-$1,400/month for the 1-bedroom unit, creating a compelling opportunity to boost NOI and long-term asset value.
Recent capital improvements include a roof replacement in 2016 with central HVAC replacement in Unit A in 2016 and wall unit AC in unit B. Utilities are investor-friendly with separate electric meters for each unit, allowing tenants to pay their own electric service. Water is supplied through a shared meter and averages approximately $100 per month.
Whether you're looking to expand an existing portfolio, complete a value-add renovation project, or secure a cash-flowing asset in one of Florida's strongest rental markets, this duplex offers both immediate income and long-term appreciation potential.
Properties at this price point with in-place income and rental upside are becoming increasingly difficult to find in Tampa. Schedule your showing today.
Property being sold AS-IS. Tenant occupied. Seller will make no repairs....
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Home facts
- Year built:1969
- Listing ID #:TB8511454
- Added:55 day(s) ago
- Updated:July 19, 2026 at 03:30 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Dining Description:L Shaped
- Living area:1,323 sq. ft.
Heating and cooling
- Cooling:Central Air, Wall/Window Unit(s)
- Heating:Central, Ductless
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1969
- Building area:1,323 sq. ft.
- Lot area:0.21 Acres
- Construction Materials:Block, Brick
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Public, Public Sewer
Finances and disclosures
- Price:$285,000
- Price per sq. ft.:$215.42
- Tax amount:$3,735 (2025)
Features and amenities
- Amenities:L Dining, Thermostat
- Pool features:Public Pool
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