MarthaThomas
BEDS12
BATHS
SQUARE FEET3,634
MLS#TB8553176
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONCLEWELL HEIGHTS FIRST
Property Description
Prime 6-Unit Multi-Family Investment Package | Lutz, FL.. An exceptional turnkey investment opportunity located in unincorporated Hillsborough County. This multi-family package consists of two contiguous parcels featuring two single-story, concrete block buildings totaling 6 residential units (each 2 Bed / 1 Bath). Situated in the Clewell Heights First Addition subdivision, the properties offer strong, stable cash flow driven by long-term tenants and high local rental demand.Key Property HighlightsTurnkey Condition & Recent Capital Improvements:New Roofs (2024) across both structures.Exterior Paint (2024) and well-maintained grounds.Updated kitchens and bathrooms with newer appliances.Low-Maintenance Construction: Durable solid concrete block/masonry construction on slab foundations with asphalt shingle roofing and individual central A/C units for every unit.Tenant Amenities: Dedicated common off-street parking lot and convenient access to local transit.High-Demand Location: Positioned just minutes from the University of South Florida (USF), major shopping centers, and key thoroughfares connecting Tampa, Lutz, Land O' Lakes, and Wesley Chapel.Property & Parcel Breakdown: Parcel 1 (Folio: 035006-0000) Parcel 2 (Folio: 035007-0000)Combined Total PortfolioSite Address 2501 Irene St, Lutz, FL 33549Unit Count. 4 Units (2 Bed / 1 Bath) 2 Units (2 Bed / 1 Bath) 6 Total Units.Year Built 1971Living Area (Heated)2,500 sq. ft.~1,134-1,200 sq. ft.~3,634-3,700 sq. ft.Lot Size 17,000 sq. ft. (~0.39 Acres)RMC-16 (Multi-Family)Concrete Block / Masonry on SlabCentral A/C 6 units Individual Central A/CNew Roofs (2024)Legal Description Clewell Heights First Add Lot 4 Block 2, Clewell Heights First Add Lot 5 Block 2Lutz/North Tampa is one of the region's most consistent rental submarkets, sustained by proximity to major employment hubs and top academic institutions.Connectivity: Immediate access to major arteries providing quick commutes to Downtown Tampa, USF Medical District, and rapidly growing suburban hubs like Wesley Chapel.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.39 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $8,271
Year Built: 1971
Amenities
Kitchen/Family Room Combo
Open Floorplan
Primary Bedroom Main Floor
Private Entrance
Private Mailbox
Private Yard
Feature Descriptions
Annual Net Income: 56329.00
Appliances: Electric Water Heater, Microwave, Refrigerator
Community Features: Street Lights
Directions: From Bearrs and Livingston North 1 block to West on Irene St.
Exterior: Block
Flood Zone Code: X
Flooring: Tile
Foundation: Slab
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional
Lot: In County, Landscaped, Level, Street Dead-End, Paved
Lot Dimensions: 0.39
Other Equipment: Private Entrance, Private Yard
Ownership: Fee Simple
Parking: Assigned, Common, Driveway, Ground Level, Off Street, Open, Parking Pad
Parking Notes: Assigned, Common, Driveway, Ground Level, Off Street, O
Patio/Porch: Covered, Porch
Pets Allowed: Yes
Property Attached Y/N: Yes
Property Sub-Type: Quadruplex
Sewer: Aerobic Septic
Showing Instructions: Call Listing Agent, No Lockbox
Special Sale Provisions: None
Units: 6
Utilities: Electricity Connected, Fire Hydrant, Water Connected
Water: Public
Water Access Y/N: No
Windows: Aluminum Frames
Zoning: RMC-16
Local Schools
High School: Freedom-HB
Middle School: Buchanan-HB
Elementary School: Mort-HB
Listed By / Shown By
Listed By
Agency Name: COLDWELL BANKER REALTY
Agency Contact: 813-962-0631
Shown By
Agent Name: Martha Thomas
Agent Phone: (732) 261-9998
Agency Title: Florida Executive Realty
Estimate Your Payment
Estimated Payment
$ 3,709.93 per month $2,670.68 Principal & Interest $689.25 Property Tax $350.00 Homeowner's InsuranceChange Payment Information
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2501 Irene Street | MLS# TB8553176
This multi-family property located at 2501 Irene Street, Lutz, FL 33549 is currently listed for sale with an asking price of $1,200,000. Search Lutz real estate on marthathomas.floridaexecutiverealty.com today.