Great Investment Property with the possibility 27% per year cash on cash return based on current income and up to 40% return based on projected rent increases. There are two adjoining duplexes that are being sold together. Both are side by side to each other. Combined there are 4 (ea) 2 bedroom one bath units. All have ceramic tile floors in the common areas and carpet in the bedrooms. The two duplexes are sold for $350,000 ($175,000 each) Can be sold separately. There is also the possibility to knockdown the units later and build 6 units (25' wide lots). The West River area is changing fast and so are the rents. Great rent and hold properties. Property being sold at a 27% levered (@30% down) cap rate with 4 (ea) section 8 renters in place.
Single-familyProperty Type
1978Year Built
7,050 sq ftLot Size
$241Est. Price/Sq.Ft.
Listed by Omar Garcia• US REAL ESTATE INVESTOR SVC
Great Investment Property with the possibility 27% per year cash on cash return based on current income and up to 40% return based on projected rent increases. There are two adjoining duplexes that are being sold together. Both are side by side to each other. Combined there are 4 (ea) 2 bedroom one bath units. All have ceramic tile floors in the common areas and carpet in the bedrooms. The two duplexes are sold for $350,000. There is also the possibility to knockdown the units later and build 6 units (25' wide lots). The West River area is changing fast and so are the rents. Great rent and hold properties. Property being sold at a 27% levered cap rate (@30% down) with 4 (ea) section 8 renters in place.
Public Records
Oct 25, 2016
Sold
$250,000
$151/sq ft
Stellar MLS as Distributed by MLS Grid #T2825493
Oct 24, 2016
Sold
$125,000
$75/sq ft
Jun 28, 2016
Pending
—
Jun 21, 2016
Listed
$125,000
$75/sq ft
Duplex in West Tampa. Concrete block CHA. Each unit is 2BR 1Bath. Rent is $650/month (A) & $670/month (B). This building must be sold with 1724 W. Chestnut (next door) MLS #T2825485. Current annual gross income is $15,840 with $5,338 expenses. Net income is $10,502 which is an 8.2 cap rate at asking price.
Stellar MLS as Distributed by MLS Grid #T2106646
Jul 6, 2005
Listing Removed
—
Public Records
Feb 9, 2004
Sold
$80,000
$48/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$6,059 (+11.4%)
2024
$5,439 (+7.3%)
2023
$5,070 (+6.1%)
2022
$4,780 (+15.2%)
2021
$4,149 (+10.9%)
2020
$3,742 (+7.9%)
2019
$3,469 (+12.5%)
2018
$3,082 (+15.6%)
2017
$2,666 (+57.6%)
$27,354 + $95,734
$123,088
2016
$1,692 (+13.9%)
$27,354 + $95,734
$123,088
2015
$1,486 (+9.6%)
2014
$1,356 (+20.8%)
2013
$1,122 (+5.1%)
2012
$1,068
Tax history for 1722 W Chestnut St
Year
Property tax
Land + Additions
Assessment*
2025
$6,059 (+11.4%)
2024
$5,439 (+7.3%)
2023
$5,070 (+6.1%)
2022
$4,780 (+15.2%)
2021
$4,149 (+10.9%)
2020
$3,742 (+7.9%)
2019
$3,469 (+12.5%)
2018
$3,082 (+15.6%)
2017
$2,666 (+57.6%)
$27,354 + $95,734
$123,088
2016
$1,692 (+13.9%)
$27,354 + $95,734
$123,088
2015
$1,486 (+9.6%)
2014
$1,356 (+20.8%)
2013
$1,122 (+5.1%)
2012
$1,068
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
2
Baths
1
Stories
1
Lot width
75 ft.
Lot depth
94 ft.
Lot size
7,050 Sq. Ft.
Year renovated
2001
Sq. Ft.
1,659
Year built
1978
Style
Other
County
Hillsborough County
APN
1789500000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 30, 2026.
RM-16
WEST TAMPA
Multiple-Family Residential Districts
This district provides primarily for low-medium density residential uses, similar to those provided in the RM-12 district, including single-family and two-family developments, at an increased density. Multiple-family development may be permitted through the special use permit procedure.
Zone overlays
West Tampa Overlay District
Permitted uses
Include but are not limited to:
Day care facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Public service
Educational/school
Golf related
Jan 10, 2015 • Final
Residential building alterations (renovations)
Perform alterations on a residential building.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking Features: None, On Street, Parking Pad
Interior
Virtual Tour
Bedroom Information
# of Bedrooms: 4
Bathroom Information
# of Full Baths (Total): 2
Other Rooms Information
Additional Rooms: Attic
# of Rooms: 4
Heating & Cooling
Heating Information: Central, Electric
Cooling Information: Central Air
Interior Features
Interior Features: Attic
Window Features: Blinds
Appliances: Range, Refrigerator
Flooring: Carpet, Ceramic Tile
Building Elevator YN: 0
Exterior
Building Information
Construction Materials: Block
Roof: Shingle
Exterior Features
Patio And Porch Features: Covered, Deck, Patio, Porch