Cash-Flowing East Tampa Block Duplex – Value Add

East Tampa block duplex built in 1984 with two 2-bedroom, 1-bath units totaling 1,350 square feet. Each unit is approximately 675 square feet and currently renting for $1,050 per month, per side. The property has separate electric meters, public water and sewer, a concrete slab foundation, no HOA and Flood Zone X designation. Both units are occupied and functional but dated, making this primarily a rent-reset buy-and-hold opportunity.  Rents also should be bringing in $2,700 to $2,900 a month +/-.

Repairs Needed

• Exterior pressure washing and vegetation removal
• Stucco, fascia and exterior paint repairs
• Investigate ceiling patches and possible moisture sources
• Correct under-sink plumbing and miscellaneous fixture issues
• Electrical safety and GFCI corrections
• HVAC servicing
• Turnover paint and flooring
• Kitchen and bathroom refreshes as units become vacant
• Exterior cleanup and reserve for roof condition

Comparable Sales

1. 1902 N 42nd St – 4/2 duplex, 1,458 sf, closed 10/15/2025 for $315,000, $216/sf, 1.19 mi. – Best physical comp. Also built in 1984 with two 2/1 units, block construction and updated finishes.
2. 2424 E 18th Ave – 6/2 duplex, 1,792 sf, closed 03/27/2026 for $399,000, $223/sf, 0.71 mi. – Remodeled and fully occupied with $1,300-per-unit rents. Larger three-bedroom units make it superior.
3. 3003 E 27th Ave – 4/2 SFR, 1,347 sf, closed 06/24/2025 for $319,900, $237/sf, 0.18 mi. – Nearly identical total size and bed/bath count with a complete renovation. Property-type mismatch but strong retail support.
4. 3207 E 23rd Ave – 4/2 SFR, 1,500 sf, closed 05/14/2026 for $305,000, $203/sf, 0.22 mi. – Fully updated with modern kitchen, bathrooms, flooring, paint and new HVAC.
5. 3103 Chipco St – 4/2 SFR, 1,180 sf, closed 04/07/2026 for $310,000, $263/sf, 0.13 mi. – Complete renovation including roof, HVAC, water heater, kitchen and bathrooms. Smaller and useful as a finished-retail ceiling.
6. 3009 E 25th Ave – 3/2 SFR, 1,407 sf, closed 06/05/2026 for $290,000, $206/sf, 0.20 mi. – Similar size with one fewer bedroom. Supports the lower side of the finished-value range.

ARV & Rental Analysis

Estimated likely ARV: $305,000 to $320,000 +/-

Estimated Rent: $2,700 to $2,900/month total +/-