4605 N LOIS AVE, Tampa, FL 33614

INCOME PROPERTY - 7-PLEX - 2 building, 7-unit apartment complex with 15 parking spaces in the Drew Park Community Redevelopment Area (CRA). Building 1 is 2-story, 4 apartments, 2 up & 2 down, all 2 bedroom/2 bath are 884 SFH each, each bringing $795/month. Building 2 is 1-story, contains 3 apartments, all studio/efficiencies at 200 SFH each, each bringing $$525/month. Total monthly rent is $4,755, Total yearly rent is $57,060, expenses are $23,009/year, NOI = $34,051/year. The following is from the TampaGov website on the CRA: Drew Park’s close proximity to Tampa International Airport, Hillsborough Community College, professional sports, recreational facilities & major employers, ideally positions the area for private investment. As one of the few remaining areas in Tampa with affordable industrial land & space, the area continues to attract new residents & businesses. Electric Supply recently completed a 35,000 square foot expansion, major infrastructure & streetscape improvements are underway on Lois Avenue. These projects are keeping redevelopment momentum moving forward. The Drew Park Streetscape & Beautification Master Plan will guide future public realm improvements for years to come. The plan was approved by the Community Redevelopment Agency on November 10, 2011. The goal of the Plan is to create a new identity & sense of place for the Drew Park community. The main features include community gateway markers, streetscape amenities, park & open space, public art & preserving Drew Park's history.