Multi-Family Space For Lease @ 3233 E Yukon St

THE RIVERSIDE RESORT IS 5,300 (M.O.L) SQUARE FEET OF PARADISE, WITH OVER 7 PRIVATE BEDROOMS, CONSISTING OF 8 TOTAL BEDS AND 4.5 BATHROOMS! THIS FOUR-STORY CONCRETE BLOCK MANSION SITS ON THE WIDEST SECTION OF THE HILLSBOROUGH RIVER IN TAMPA, FL! THE RESORT HAS BEEN UPDATED WITH ONLY THE FINEST FINISHES AND UPGRADES THROUGHOUT AND IS IN FANTASTIC CONDITION. THE PROPERTY CURRENTLY HAS A BRAND NEW 5-YEAR (NNN) LEASE IN-PLACE, THAT INCLUDE RENTAL INCREASES EACH YEAR. THE LEASE, WHICH COMMENCED IN EARLY 2020, WILL PAY THE OWNER $7,000 PER MONTH INITIALLY AND ONLY INCREASE OVERTIME!

3,000 SF M.O.L

2020

RS-60

TAMPA

CURRENTLY, THE PROPERTY BOASTS AN IN-PLACE CAP RATE OF OVER 8.5% AND A CASH-ON-CASH RETURN OF OVER 11.4%. THIS ONLY GETS BETTER AS THE SELLER IS OFFERING GENEROUS SELLER FINANCING TERMS ON THIS AMAZING PROPERTY! USING THESE TERMS A BUYER CAN EASILY OBTAIN A CAP RATE OF OVER 9% AND A CASH-ON-CASH RETURN OF OVER 13% BY 2022! THE TENANT HAS INVESTED OVER $150,000 OF THEIR OWN PERSONAL FUNDS, TO RENOVATING AND UPGRADING THIS AMAZING RIVERFRONT RESORT IN THE PAST 4 MONTHS!

THIS ONE OF A KIND OPPORTUNITY IS PERFECT FOR AN INVESTOR LOOKING FOR CONSISTENT MONTHLY INCOME IN BEAUTIFUL TAMPA, FL. WITH A LONG-TERM LEASE IN-PLACE, WHICH WILL PAY THE OWNER A MINIMUM OF $84,000 ANNUALLY, A BUYER CAN COLLECT MONTHLY RENT FOR THE NEXT 5-YEARS + WITHOUT LIFTING A FINGER! THE CURRENT TENANT IS RESPONSIBLE FOR ALL REPAIRS AND MAINTENANCE AT THE PROPERTY AS WELL AS ANY OTHER EXPENSE INCURRED AT THE RESORT, OTHER THAN PROPERTY TAX AND PROPERTY INSURANCE, THROUGHOUT THE ENTIRE TERM OF THE LEASE!

SELLER FINANCING APPROXIMATE TERMS:

DOWN PAYMENT: $400,000- $450,000!

FIXED INTEREST RATE: 4.0%

INTEREST ONLY PAYMENTS OR

AN AMORTIZATION OF 30-YEARS

BALLOON LENGTH: 5- YEARS

MONTHLY DEBT SERVICE AS LOW AS: $2,148

STARTING IN 2020 THE CURRENT TENANT WILL PAY THE NEW OWNER $7,000 PER MONTH AND THIS WILL INCREASE TO $7,500 PER MONTH STARTING IN 2021. EACH YEAR THE RENTAL RATE WILL INCREASE BY $500 WHICH IS ALREADY BUILT INTO THE CURRENT LEASE, GIVING THE BUYER MASSIVE UPSIDE TO INCREASE THEIR NOI OVER TIME. THIS AMAZING INVESTMENT OPPORTUNITY CURRENTLY BOASTS A CAP RATE OF OVER 8.5% AND A CASH-ON-CASH RETURN OF OVER 11.4%. WITH THE INCREASES ALREADY BUILT INTO THE BRAND-NEW LEASE, A BUYER CAN EASILY OBTAIN A CAP RATE OF OVER 9% AND A CASH-ON-CASH RETURN OF OVER 13% BEFORE THE END OF 2022!

THIS BREATHTAKING RIVERFRONT 4-STORY RESORT IS LOCATED ON THE WIDEST SECTION OF THE HILLSBOROUGH RIVER, IN TAMPA, FL! THE PROPERTY CONSISTS OF ALL THE FINEST FINISHES AND UPGRADES THROUGHOUT EACH OF THE THREE LEVELS!

THE 1ST LEVEL CONSISTS OF 2 LARGE BEDROOMS AS WELL AS A FULLY UPDATED LIVING AREA FOR GUESTS TO RELAX AND AND ENJOY THE VIEWS!

THE 2ND-LEVEL OF THE RESORT CONSISTS OF A BRAND-NEW FULL KITCHEN, FORMAL DINING AREA, FAMILY & LIVING ROOM WITH BRAND NEW FURNITURE IN EACH, AS WELL AS A BRAND-NEW SCREED IN PROCH!

THE 3RD-LEVEL FEATURES FOUR IMMACULATE BEDROOMS, AND AN OPEN-AIR DECK OVERLOOKING THE HILLSBOROUGH RIVER!

THE FORTH-LEVEL IS THE PENTHOUSE MASTER SUITE WITH ANOTHER INCREDIBLE 3-SIDED OPEN-AIR DECK! DIRECTLY UNDER THE MASTER SUITE IS A 2 CAR GARAGE PLUS A WORKSHOP AREA THAT CAN BE USED FOR STORAGE OR ENTERTAINING GUESTS!

ALL FIXTURES AND ITEMS WITHIN THE PROPERTY WILL BE TRANSFERRED TO THE BUYER AT CLOSING. THE PROPERTY ALSO COMES WITH A CUSTOM-MADE DESIGNED CONTAINER POOL WITH A WATER SLIDE, AND A 28 FOOT PIRATESHIP FOR GUESTS TO USE ON THE WATER, FREE OF CHARGE!

THIS 4-LEVEL RESORT IS COMPLETELY REHABBED AND HAS ALL THE FINEST FINISHES SUCH AS ALLL NEW BATHROOMS, CUSTOM WOOD KITCHEN, UPDATED HVAC SYSTEMS, FLOORING, INTERIOR PAINT, WATERFRONT VIEW, PRIVATE PIRATE SHIP (BOAT), CUSTOM POOL WITH GLASS WINDOW, AND MANY OTHER UPGRADES! THE OWNER INVESTED OVER $40,000 IN NEW FURNATIRE INSIDE THE HOUSE AS WELL! ALL UPGRADES INCLUDING THE NEW FURNITURE AND FIXTURES WILL CONVEY TO THE BUYER AT CLOSING. THE OWNER PUT OVER $150,000 INTO THE PROPERTY, MAKING THIS ONE OF PREMIER WATERFRONT RESORTS IN THE TAMPA BAY AREA! This space offers accomodations for: lowrisegarden.