3015 COLLINS, TAMPA, FL 33607

Description

Incredible Investor Opportunity! Income-producing 5-unit multifamily in the heart of Tampa, located at 3015 W Collins St. Property has not been operated as a traditional investment property—units have been occupied by family members and rented at under-market value, leaving significant upside potential for a new owner to increase income and maximize returns.Situated on a quiet residential street within walking distance to Raymond James Stadium and St. Joseph’s Hospital. Convenient access to Midtown Tampa, Whole Foods, I-275, Tampa International Airport (10 min), and Downtown/Water Street.Three units are rented month-to-month with tenants happy to stay, one unit is owner-occupied, and one unit is vacant, ready for some TLC to lease long or short term. Tenants are open to staying under new terms. All units have separate electric meters; water is on one bill.Property includes a detached two-car garage with potential to convert into a 6th income-producing unit (buyer to verify with city). Interior spaces needs some TLC— paint, flooring, landscaping—to improve curb appeal and increase rent potential.Recent appraisal (April 2025) available to support listing price. Strong rental demand in the area. No HOA. No Rental restrictions. Solid block construction, 2018 Roof, on-site parking space for all units.Why This Property Stands Out:Undervalued Rents – Long-term family occupancy means immediate rent growth opportunityGarage Conversion Potential – Add a 6th unit or ADUSeparately Metered Electric – Tenants pay their own utilitiesMonth-to-Month Leases – Flexibility to raise rents or repositionWalk to Bucs games, concerts, restaurants, medical campuses, and city bus lines; bike to booming Midtown and Westshore business districts, location drives consistent tenant demand year-round.Don't miss this unique multifamily investment opportunity in one of Tampa’s most sought-after and fast-growing neighborhoods. Ready for value-add investors or owner-operators to bring this hidden gem to its full potential.