7917 LAKESHORE, TAMPA, FL, 33604

About This Property

7917 and 7919 Lakeshore Dr, Tampa, FL 33604. 2 READY-NOW and UPDATED Quadplexes, sharing a 16-spot parking lot. Income and Debts (seen below and do not include vacancy or property management) calculate out to a 8.44% cap rate. The value-add potential is if you fill the units with Section 8 tenants; the new approved Section 8 payment standard in this zip code is $1910/month, which would increase income to $15,280/month or $183,360/yr or 9.26% cap rate. All units look like the pictures, except for 2, because tenants have been there since owner purchased the property. The properties have newer architectural-shingle roofs (2021), only 1 old HVAC, washer/dryer in all units, fully fenced in the back, and the seller paved a large section of the lot to accommodate the 16 total parking spots and community trash. Location is 6 miles from downtown Tampa and the University of Tampa and 3 miles from the University of South Florida. Owner pays water and trash for the tenants, included in debts. RENT ROLL: 17A-$1725/month until 03/31/26 (have leased 2 years, moving out), 17B-$1650/month until 04/09/25 (have leased since before owner purchased property in March 2021, 17C-$1750/month projected (just leased to new tenant until 2/28/26), 17D-$1800/month until 02/27/27 (been there 1 year and just renewed for another), 19A-$1850/month (section 8) until 08/31/26 (been there since owner purchased in March 2021), 19B-$1825/month (section 8) until 01/31/26 (been there since owner purchased in Match 2021), 19C-$1770/month until 11/30/26 (been there 1 year and renewed), 19d-$1800/month until 09/30/26. TOTAL: $14,170/MONTH = $170,040/ANNUALLY. DEBTS: Insurance-$8,000/yr (has a cheaper option but chose the better insurance), Taxes-$14,810 last year, Landscaping-$600/yr (due to most the lot being concrete parking, there is minimal work), Pest-$1440/yr, Water and Trash-$8400/yr (accurate average trash+water bill for all units combined), Doesn't pay property manager. TOTAL: $2,770/MONTH = $33,250 ANNUALLY.