1210 E 140TH AVE

Value-add duplex investment opportunity in Tampa with immediate in-place income and substantial upside potential. 1210 E 140th Ave features a tenant-occupied duplex consisting of a 2-bedroom, 1-bath Unit A currently rented at $1,300/month and a 1-bedroom, 1-bath Unit B currently rented at $1,000/month, both on month-to-month leases with tenants intending to stay. The property currently operates at an approximate 6% cap rate based on current in-place income and estimated operating expenses, with clear upside through repositioning. This is a true investor value-add opportunity, with both units offering renovation upside and the potential for increased rental income through improvements to kitchens, bathrooms, drywall, and overall interior upgrades. Unit A features newer cabinetry, stainless steel appliances, and range, while Unit B has had some bathroom improvements completed. Estimated post-renovation market rents are approximately $1,600/month for the 2/1 and $1,300–$1,400/month for the 1/1. Major updates include roof replaced in 2016 and central AC in Unit A replaced in 2016, while Unit B currently utilizes window units. Property includes two separate electric meters with tenant-paid electric, one shared water meter with owner-paid water averaging approximately $100/month, helping maintain relatively low operating expenses. Property will not be delivered vacant and is being sold strictly AS-IS, with seller making no repairs. Excellent opportunity for investors seeking stable current cash flow with strong repositioning and rental upside in a growing Tampa market.

MLS ID#

MFRTB8511454

Price

$299,000

Status

Active

Bedrooms

3

Bathrooms

2

Full Baths

N/A

Half Baths

N/A

Square Footage

1,323 sqft

Acres

0.2100

Year Built

1969

Type

Residential Income

Subtype

Duplex

Style

N/A

Address

1210 E 140TH AVE

Subdivision

Byars Revision Of Sunnyland Ac

City

Tampa

County

Hillsborough

State

FL

Zip Code

33613

Senior Community

No

Amenities

N/A

Parking

N/A

View

No

Waterfront

No

Pool

No

Interior Features

L Dining, Thermostat

Heating

Central, Ductless

Cooling

Central Air, Wall/Window Unit(s)

Flooring

N/A

Fireplace

N/A

Stories

N/A

Appliances

N/A

Exterior Features

None

Construction

Block, Brick

Foundation

Slab

Roof

Shingle

Fencing

N/A

Lot Features

N/A

Elementary

N/A

Middle

N/A

High

N/A

Date Listed

May 24, 2026

Days on Market

9

Zoning

RMC-20

Direction Faces

N/A

New Construction

No