Description

Located in Tampa’s highly sought-after Tampa Heights neighborhood, 2306 Morgan Street features two multifamily buildings totaling seven units across 4,315 square feet. The property includes a front triplex built in 1902 and a rear quadplex constructed in 1926, offering a diverse mix of studio, one-bedroom, and two-bedroom apartments. Recent capital improvements, including a new roof installed within the last few years and other property upgrades, have enhanced the asset while preserving its historic charm. The property presents a compelling value-add opportunity, with several long-term tenants paying below-market rents, creating potential for rental increases and improved cash flow. Additional upside may be achieved through utility bill-back programs to enhance net operating income. Fresh interior and exterior paint contribute to strong curb appeal and a low-maintenance investment profile. Ideally situated near Ybor City, Downtown Tampa’s Riverwalk, Armature Works, and the Tampa Heights dining and entertainment district, the property benefits from consistent occupancy, recent updates, and proximity to some of the city’s most desirable amenities, making it an attractive turnkey multifamily investment in a high-demand rental market.