9502 Banyan Avenue, Tampa, FL 33612
Local realty services provided by:ERA Advantage Realty, Inc.
9502 Banyan Avenue,Tampa, FL 33612
$3,246,000
- 35 Beds
- 16 Baths
- 11,804 sq. ft.
- Multi-family
- Active
Listed by: correy smith
Office: keller williams south tampa
MLS#:TB8428982
Source:MFRMLS
Price summary
- Price:$3,246,000
- Price per sq. ft.:$274.99
About this home
Turnkey Tampa Income Portfolio: 9 (NINE) Properties with Immediate Cash Flow Primed for Growth in Tampa. A Premier Turnkey Rental Portfolio: 9 Properties | 12 Units | 100% Occupied | Tampa, Florida
**An unparalleled opportunity to acquire a fully-stabilized, income-generating portfolio of 9 properties (12 units) strategically located throughout Tampa, Florida. Offered by retiring owners, this meticulously assembled collection represents a rare chance for an investor to achieve immediate and significant scale in one of the nation's most dynamic rental markets.
**The portfolio is 100% occupied and generates a substantial Gross Annual Income of $190,380. This offering provides a secure, cash-flowing asset from day one, coupled with clearly defined, multi-faceted avenues for future value creation.
**Portfolio Composition & Strategic Strengths:
This is not a homogenous collection of assets; it is a strategically diversified portfolio designed for resilience and optimized returns.
**Asset Class Diversity: The portfolio includes a robust mix of single-family residences, duplexes and one commercial property, minimizing concentration risk and appealing to a broad tenant base.
**Durable Construction: A significant majority of the properties feature low-maintenance, high-durability block construction, ensuring reduced long-term capital expenditures and operational ease.
**Immediate & Stable Returns: With all 12 units currently leased to tenants, the portfolio eliminates initial lease-up risk and provides immediate, predictable cash flow upon acquisition.
**The Value-Add Proposition: Unlocking Embedded Equity
Beyond its stable in-place income, the portfolio is primed for significant growth through two key value-add strategies:
**Revenue Growth Through Property Enhancement: A new owner has the opportunity to increase revenue by making strategic property improvements. Many units provide a strong foundation for cosmetic and functional upgrades that can enhance their appeal and market position. By investing in these enhancements, a new owner can justify higher rental rates, leading to a direct increase in net operating income and the portfolio's overall value.
**Unique Zoning & Development Potential: The portfolio includes a unique mixed-use property (3417 E Lake Ave) with valuable Commercial Intensive (CI) zoning. This asset is a strategic long-term holding that offers exceptional flexibility. While currently generating residential income, the CI zoning opens future possibilities for higher-yield commercial use, a live/work redevelopment, or a small business operation, representing significant embedded value beyond its current function.
**Conclusion: An Unmatched Acquisition Opportunity
This 9-property portfolio is an ideal turnkey investment for a buyer seeking to establish a strong presence in the Tampa market. It offers a powerful combination of features: 1) stable, immediate cash flow, 2) clear opportunities to add value, and 3) a diversified asset base in a high-growth market.
This is a rare opportunity to acquire a well-established portfolio built for long-term performance....
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Home facts
- Year built:1988
- Listing ID #:TB8428982
- Added:184 day(s) ago
- Updated:March 23, 2026 at 11:54 AM
Rooms and interior
- Bedrooms:35
- Total bathrooms:16
- Living area:11,804 sq. ft.
Heating and cooling
- Cooling:Central Air, Wall/Window Unit(s)
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Year built:1988
- Building area:11,804 sq. ft.
- Lot area:0.17 Acres
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public, Public Sewer, Sewer Connected
Finances and disclosures
- Price:$3,246,000
- Price per sq. ft.:$274.99
- Tax amount:$4,670 (2024)
Features and amenities
- Pool features:Public Pool
Parking
- Parking description:3 Car Carport
- Carport spaces:3
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