1210 N BARNES ST, PLANT CITY FL 33563
Single Family Residence
Florida Executive Realty
Property can be sold as a package or individually. This package is 23 Single Family rentals all managed by Plant City Rentals. All homes must be sold as a package deal and not individually. 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 leases 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 Bay's 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.
Have you outgrown your current home, do you wish to downsize, or are you thinking about a change of scenery? Buying a home represents one of the most significant investments of your life. For most, this is an exciting but overwhelming time. You want someone looking out for your interests.
Whether new construction or pre-owned, we’ll help you find the perfect home to fit your needs. Our buyer services are paid for by the seller, so you can leverage our expertise without paying a buyers’ agent fee. We look forward to helping you start the next chapter of your Tampa Bay housing journey!
Microwave, Range, Refrigerator