9502 BANYAN AVENUE Tampa, FL $ 3,246,000
9502 BANYAN AVENUE
$ 3,246,000
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9502 BANYAN AVENUE

Tampa, FL, 33612
$ 3,246,000
Bedrooms35 Baths16.0 Sq 11,804

Monthly Estimate*

$ 20,251

9502 BANYAN AVENUE, Tampa, FL 33612 - Image 1

Multi-Family Home for sale in Tampa, FL

for $3,246,000 with 35 bedrooms and 16 full baths. This 11,804 square foot home was built in 1988 on a lot size of 0.17.

Turnkey Tampa Income Portfolio: 9 (NINE) Properties with Immediate Cash Flow Primed for Growth in Tampa. A Premier Turnkey Rental Portfolio: 9 Properties | 12 Units | 100% Occupied | Tampa, Florida **An unparalleled opportunity to acquire a fully-stabilized, income-generating portfolio of 9 properties (12 units) strategically located throughout Tampa, Florida. Offered by retiring owners, this meticulously assembled collection represents a rare chance for an investor to achieve immediate and significant scale in one of the nation's most dynamic rental markets. **The portfolio is 100% occupied and generates a substantial Gross Annual Income of $190,380. This offering provides a secure, cash-flowing asset from day one, coupled with clearly defined, multi-faceted avenues for future value creation. **Portfolio Composition & Strategic Strengths: This is not a homogenous collection of assets; it is a strategically diversified portfolio designed for resilience and optimized returns. **Asset Class Diversity: The portfolio includes a robust mix of single-family residences, duplexes and one commercial property, minimizing concentration risk and appealing to a broad tenant base. **Durable Construction: A significant majority of the properties feature low-maintenance, high-durability block construction, ensuring reduced long-term capital expenditures and operational ease. **Immediate & Stable Returns: With all 12 units currently leased to tenants, the portfolio eliminates initial lease-up risk and provides immediate, predictable cash flow upon acquisition. **The Value-Add Proposition: Unlocking Embedded Equity Beyond its stable in-place income, the portfolio is primed for significant growth through two key value-add strategies: **Revenue Growth Through Property Enhancement: A new owner has the opportunity to increase revenue by making strategic property improvements. Many units provide a strong foundation for cosmetic and functional upgrades that can enhance their appeal and market position. By investing in these enhancements, a new owner can justify higher rental rates, leading to a direct increase in net operating income and the portfolio's overall value. **Unique Zoning & Development Potential: The portfolio includes a unique mixed-use property (3417 E Lake Ave) with valuable Commercial Intensive (CI) zoning. This asset is a strategic long-term holding that offers exceptional flexibility. While currently generating residential income, the CI zoning opens future possibilities for higher-yield commercial use, a live/work redevelopment, or a small business operation, representing significant embedded value beyond its current function. **Conclusion: An Unmatched Acquisition Opportunity This 9-property portfolio is an ideal turnkey investment for a buyer seeking to establish a strong presence in the Tampa market. It offers a powerful combination of features: 1) stable, immediate cash flow, 2) clear opportunities to add value, and 3) a diversified asset base in a high-growth market. This is a rare opportunity to acquire a well-established portfolio built for long-term performance.

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Multi-Family Active

Price

$ 3,246,000

Bedrooms

35

Full Bath

16

Property Type

Multi-Family

Taxes

$ 4,670

Style

Multi Family

Lot Size

0.17

Year Built

1988

Town/City

Tampa

County/Region

Hillsborough

MLS | Web ID

TB8428982

Features
Interior
Interior Amenities other
Air Conditioning Y/N yes
Heating Y/N yes
Fireplace Y/N no
Laundry Features other
Total Bedrooms 35
Total Baths 16
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General
Sewer public sewer other
Heating central electric other
Cooling central air wall/window unit(s)
Utilities electricity connected public sewer connected water connected
Roof other
Zoning rs-50
Security Features smoke detector(s)
Construction Materials other
Year Built 1988
Property Subtype multi family
Tax Year 2024
Ownership fee simple
Gross Income 190380
Additional Parcels Description 8
County hillsborough
New Construction no
Property Type residential income
HOA N
Subdivision Name fairview terrace resub
Garage Y/N no
Status active
Directions from 1251 e fowler ave f tampa fl 33612 head west toward e fowler ave turn right toward e fowler ave turn right onto e fowler ave pass by steak n shake (on the left) turn right onto n 15th st turn ri
City tampa
Senior Community Y/N no
Number Of Units Total 12
MLS Area 33612 - tampa / forest hills
Lot Size Units square feet
Lot Size Square Feet 7500
Carport Spaces 3
Carport Y/N yes
Listing Terms cash conventional other special funding
Land Lease Y/N no
Tax Annual Amount 4670
Property Condition completed
Ok to Lease 12 months
Additional Parcels Y/N yes
Lease Considered Y/N yes
Building Area Units square feet
Living Area Units square feet
Standard Status active
Occupancy Type tenant
Tax Lot 13
Total Actual Rent 15865
Legal Description fairview terrace resub lots 13 and 14 block 5
Minimum Lease no minimum
Water Access Y/N no
Water View Y/N no
Flood Zone Code x
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Exterior
Exterior Amenities other
Water Source public
Lot Size Area 7500
Foundation Details other
Number of Buildings 9
Building Area Total 11804
Lot Size Acres 0.17
Road Surface Type asphalt paved
Private Pool no
Waterfront Y/N no
Covered Spaces 3
Number of Lots 9
Road Responsibility public maintained road
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Internal Only
Street Number 1 9502
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* Excluded Features
List By
Keller Williams South Tampa

Broker

correy@kw.com

Email

Affordability Calculator

$20,640
Per Month
98%
2%
0%
Monthly Principal & Interest
$20,251
Monthly Property Taxes
$389
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
266288 Elementary School
265661 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/19/2025$3,246,000 Listed Price

Map


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9502 BANYAN AVENUE, Tampa, FL, 33612 is a Multi-Family Home for sale at $3,246,000 with 11,804 sqft and a lot size of 0.17. 9502 BANYAN AVENUE has 35 bedrooms, 16.0 baths, and was built in 1988. The property's zip code is 33612 which is in Tampa, FL