Features & Amenities

Interior

  • Other Interior Features

    Other

  • Total Bedrooms

    9

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Wall/Window Unit(s)

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Ductless

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Asbestos, Frame

  • Other Exterior Features

    Other

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.59

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $1,295,000

  • Tax Amount

    14888.0

  • Sq. Footage

    6, 450

  • Price/SqFt

    $200

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Ownership

    Fee Simple

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    15

  • Water Source

    Public

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Location

County

Hillsborough

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Listing Courtesy of Matt Pereira , AGILE GROUP REALTY

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Well positioned Tampa industrial property in the heart of the Airport warehousing district. Prime land on Cayuga St. and also has back road access to N Thatcher Ave. This listing includes 3 properties & separate parcels, 4213, 4215 and 4217 W. Cayuga St. Long time rental units with 6 currently rented. Zoned IG (Industrial General) so owner will have many options. IG Zoning could potentially accommodate manufacturing, processing, assembly, warehousing, and related commercial or service uses. Car dealerships surrounding the property could also consider leasing the land for parking space. The possibilities are endless! Prime land close to the Airport and Dale Mabry highway. The front unit at 4215 recently had a fire. Feel free to drive by but do not walk property or disturb the tenants. All parcels combined total about .60 of an acre. This is an excellent opportunity for an investor or owner operator. Minutes to major highways, the Suncoast parkway and Tampa International. City water and sewer to site.

4213 W CAYUGA STREET

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Financial Summary
• Purchase Price: $1,500,000
• Net Operating Income (NOI): $132,671.65
• Annual Debt Service: $45,508.90
• Cash Flow (Before-Tax): $87,162.75
Investment Metrics
Cap Rate 8.85 
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Cash-on-Cash Return - Assuming 20  down payment = $300,000:Cash-on-Cash Return=29.05
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Debt Coverage Ratio (DCR)=2.92
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At a $1.5M price point, this is a robust investment:
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