1101 East Lotus Avenue

Tampa, FL 33612

$875,000
Last Sold Price
—
Beds
2,296 Sq. Ft.
$381 / Sq. Ft.
2,296
Sq. Ft.
$381
per Sq. Ft.

Description

This listing consists of 5 Duplexes on 4 different parcels totaling 10 units – 8204 Hillsborough Lane, 8503 N Semmes Street, 8309 N Marks Street, and 1101-1107 Lotus Ave. All Properties are currently being used as rentals and are fully occupied. There is room to increase all rents to a market rate and yield a Cap Rate of around 7.25%, and a Going-In Cap Rate of 6.46%. Please email both listing agents for more information.This listing consists of 5 Duplexes on 4 different parcels totaling 10 units – 8204 Hillsborough Lane, 8503 N Semmes Street, 8309 N Marks Street, and 1101-1107 Lotus Ave. All Properties are currently being used as rentals and are fully occupied. There is room to increase all rents to a market rate and yield a Cap Rate of around 7.25%, and a Going-In Cap Rate of 6.46%. Please email both listing agents for more information.
  1. Listed by Davis Nunneley • RMS ELITE PROPERTIES
  2. Listed by Brendan Duggan • RMS ELITE PROPERTIES

Property Details for 1101 East Lotus Avenue

Subdivision Name
CASTLE HEIGHTS MAP
Township
28
Waterfront
No

Location

Listing Courtesy of RMS ELITE PROPERTIES, Davis Nunneley; RMS ELITE PROPERTIES, Brendan Duggan

Sold By SMITH & ASSOCIATES REAL ESTATE, Steven Warneke

Add your commute
LISTING UPDATED: 06/01/2021 01:47 PM

Property Details for 1101 East Lotus Avenue

StatusSold
MLS #U8109192
Days on Market84
Taxes$3,875 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1965
Lot Size0.24 AC / 10,400 SF
CountyHillsborough County

Location

Listing Courtesy of RMS ELITE PROPERTIES, Davis Nunneley; RMS ELITE PROPERTIES, Brendan Duggan

Sold By SMITH & ASSOCIATES REAL ESTATE, Steven Warneke

Add your commute

Building Information for 1101 East Lotus Avenue

Stories-Residences4Year Built1965Building Size-Lot Size0.24 AC / 10,400 SF

Payment Calculator

$5,098 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,775

Property Taxes

$323

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1101 East Lotus Avenue

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: Exit I-75 East on E Busch Blvd. Turn North on N 12th Street, then West on E Lotus Ave, and the Property will be on your left.
  • Mls Major Change Type: Sold
  • Major Change Type: Closed
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 1101
  • Street Direction Prefix: E
  • Street Name: LOTUS
  • Street Suffix: AVENUE
  • State: FL
  • City: TAMPA
Parking
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: K
  • Tax Book Number: 10-32
  • Tax Legal Description: CASTLE HEIGHTS MAP LOTS 4 5 AND 6 BLOCK K
  • Tax Lot: 4
  • Tax Year: 2020
Property
Lot Information
  • Additional Parcels Description: A 30 28 19 46W 000000 00093.0, A 30 28 19 46S 000000 00197.0, A 19 28 19 45B 000000 00123.0
  • Additional Parcels: Yes
  • Lot Size Dimensions: 100x104
  • Parcel Number: A-19-28-19-453-K00000-00004.0
  • Total Acreage: 0 to less than 1/4
  • Total Num Buildings: 2
  • Water Access: No
  • Water Extras: No
  • Zoning: RS-50
  • Living Area: 2296
  • Lot Dimensions: 100x104
Property and Assessments
  • Year Built Numeric: 1965
  • Flood Zone Code: x
  • New Construction: No
  • Number Of Lots: 4
  • Public Survey Range: 19
  • Public Survey Section: 19
Utilities
  • Sewer: Public Sewer
  • Utilities: Other
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Concrete
  • Exterior Features: Other
  • Foundation Details: Slab
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Cooling: Wall/Window Unit(s)
  • Fireplace: No
  • Heating: Other
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $58,072.00
  • Est Annual Market Income: $107,400.00
  • Gross Income: $98,460
  • Unit Count: 9
Unit 1
  • Unit Type Heated Sq Ft 1: 816
  • Unit Type Number Of Units Occupied 1: 2
  • Unit Type Pro Forma 1: 850
  • Unit Type Type 1: 2 Bed/1 Bath
  • Unit Type Units Total 1: 2
Unit 2
  • Unit Type Heated Sq Ft 2: 812
  • Unit Type Number Of Units Occupied 2: 1
  • Unit Type Pro Forma 2: 750
  • Unit Type Type 2: 2 Bed/1 Bath
  • Unit Type Units Total 2: 1
Unit 3
  • Unit Type Heated Sq Ft 3: 812
  • Unit Type Number Of Units Occupied 3: 1
  • Unit Type Pro Forma 3: 895
  • Unit Type Type 3: 2 Bed/1 Bath
  • Unit Type Units Total 3: 1
Unit 4
  • Unit Type Heated Sq Ft 4: 765
  • Unit Type Number Of Units Occupied 4: 1
  • Unit Type Pro Forma 4: 895
  • Unit Type Type 4: 1 Bed/1 Bath
  • Unit Type Units Total 4: 1
Unit 5
  • Unit Type Heated Sq Ft 5: 765
  • Unit Type Number Of Units Occupied 5: 0
  • Unit Type Pro Forma 5: 0
  • Unit Type Type 5: 2 Bed/1 Bath
  • Unit Type Units Total 5: 1
Unit 6
  • Unit Type Heated Sq Ft 6: 574
  • Unit Type Number Of Units Occupied 6: 1
  • Unit Type Pro Forma 6: 700
  • Unit Type Type 6: 1 Bed/1 Bath
  • Unit Type Units Total 6: 1
Unit 7
  • Unit Type Heated Sq Ft 7: 574
  • Unit Type Number Of Units Occupied 7: 1
  • Unit Type Pro Forma 7: 775
  • Unit Type Type 7: 1 Bed/1 Bath
  • Unit Type Units Total 7: 1
Unit 8
  • Unit Type Heated Sq Ft 8: 574
  • Unit Type Number Of Units Occupied 8: 1
  • Unit Type Pro Forma 8: 800
  • Unit Type Type 8: 1 Bed/1 Bath
  • Unit Type Units Total 8: 1
Unit 9
  • Unit Type Heated Sq Ft 9: 574
  • Unit Type Number Of Units Occupied 9: 1
  • Unit Type Pro Forma 9: 795
  • Unit Type Type 9: 1 Bed/1 Bath
  • Unit Type Units Total 9: 1

Property History for 1101 East Lotus Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1101 East Lotus Avenue

Taxable ValueLand$74,100Additions$245,533Total$319,633
Tax Record2023$6,309 ($526 / month)
Home Facts
Total Finished SqFt1,148 SqFtAbove Grade Finished SqFt1,148 SqFtStories1Lot Size10,400 SqFtStyleDuplexYear Built1965Year Renovated2005ZoningRS-50CountyHILLSBOROUGHAPNA192819453K00000000040

Schools near 1101 East Lotus Avenue

This home is within Hillsborough.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Forest Hills Elementary School
PublicPK to 5

Adams Middle School
Public6 to 8

Chamberlain High School
Public9 to 12

Legacy Preparatory Academy
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RMS ELITE PROPERTIES, Davis Nunneley; RMS ELITE PROPERTIES, Brendan Duggan

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 06/01/2021 01:47 PM