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listing
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Single FamilyFor Sale
$200,000
903 Powell Street
Plant City, FL 33563
Courtesy of Florida Executive Realty
MLS: Stellar MLS
3Beds
1Bath
1,104Sq Ft
Est. Mortgage
$1,132/mo

Property can be sold as a package or individually. This package is 23 Single Family rentals all managed by Plant City Rentals. 16 of the homes are on Month to Month leases in anticipation of sale and rent increase. 3 additional leases expire in the next 3 months,3 expire early 2023. Currently, rents are well undervalued and could go substantially to market demands. For easy management, all properties are contently located in the city limits of downtown Plant City. All properties are on City water/sewer, no HOA’s, CDD’s or special assessments. Plant City, one of Tampa Bays hottest markets, is currently seeing a 2% rise in value monthly. This package includes 5- 2 bed/ 1 baths, 5- 3 bed/ 1 baths, 6- 3 bed/ 2 baths, 1-2 bed/ 2 baths, 1-4 bed/2.5baths, 1- 4 bed/1.5 baths. Currently generating a Gross of $373,500.00 yearly, NOI of $277,302.44 yearly & a 4.6% CAP Rate.

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Listing provided by Florida Executive Realty
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