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Sue LaGree

sue.lagree@engelvoelkers.com +1(727) 742-3369

$ 2,500,000

Est. payment -/mo

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Active

2306 N MORGAN ST Tampa, FL 33602

1,372 SqFt

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 1,372 sqft

Price per Sqft $1,822

Subdivision Grove Heights

MLS Listing ID TB8444805

Construction Status Completed

HOA Y/N No

Year Built 1902

Annual Tax Amount $4,924

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 240X100

Source Stellar MLS

Property Description

Located in the highly desirable Tampa Heights submarket,2306-2308 Morgan Street consists of two multifamily buildings totaling 7 units across 4,315 square feet.The front triplex, built in 1902,and the rear quadplex, built in 1926, together create a diverse unit mix: 2 studios (343 SF each), one 1-bedroom/1-bathroom units (735 SF each). unit (682 SF), and four 2-bedroom/1-bathroom
from recent improvements, including a new roof within the past 2-3 years and upgraded capital expenditures. With a blend of historic character and recent updates, the asset neighborhoods presents a unique opportunity for investors targeting value-add potential in one of Tampa's fastest-growing Value-Add Opportunities adjustments Optimize Rents:
to market Several levels. Long-term tenants are paying below-market rents, creating immediate upside through
Utility Bill-Backs: Implementing water bill-back systems provides a straightforward way to improve net operating income.
Redevelopment Potential: The lot at 2308 Morgan Street is zoned RM-24, allowing future investors the flexibility to redevelop both parcels into higher-density multifamily or modern townhomes. Has been freshly painted inside and out, offering strong curb appeal and a low-maintenance setup for any investor looking for steady cash flow. The property also includes a separate lot designated for tenant parking, adding convenience and long-term value. Positioned minutes from some of Tampa's most vibrant attractions, residents enjoy easy access to Ybor City's historic nightlife, Downtown Tampa's Riverwalk, Armature Works, and the Tampa Heights food and entertainment district. With consistent occupancy, recent updates, and a prime location near all the city's key amenities, 2306 Morgan stands out as an exceptional opportunity to own a turn-key multifamily asset in one of Tampa's most in-demand rental corridors.

Location

State FL

County Hillsborough

Community Grove Heights

Area 33602 - Tampa

Zoning RM-24

Interior

Heating Central

Cooling Central Air

Flooring Carpet

Exterior

Utilities Available Electricity Available

Roof Type Shingle

Building

Foundation Crawlspace, Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Stucco,Frame,Wood Siding

New Construction false

Construction Status Completed

Others

Ownership Corporation

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8444805

Listed by Eddie Serralles SERRALLES GROUP,INC

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 20

9

Gorrie Elementary School

Public | PK - 5
8

Mitchell Elementary School

Public | PK - 5
8

Macfarlane Park Elementary Magnet School

Public | KG - 5
8

Trinity School for Children

Public | KG - 8
7

Rampello K-8 Magnet School

Public | KG - 8
7

Hillsborough Virtual School

Public | KG - 12
6

West Tampa Elementary School

Public | PK - 5
6

Walton Academy

Public | KG - 5
5

Channelside Academy of Math and Science

Public | KG - 5
5

Shore Elementary Magnet School

Public | KG - 5
5

Lockhart Elementary Magnet School

Public | PK - 5
5

Lomax Magnet Elementary School

Public | KG - 5
5

Mendenhall Elementary School

Public | PK - 5
5

Egypt Lake Elementary School

Public | PK - 5
4

Dunbar Elementary Magnet School

Public | KG - 5
4

Metropolitan Ministries Partnership Elementary School

Public | KG - 5
4

Edison Elementary School

Public | PK - 5
4

Seminole Elementary School

Public | PK - 5
4

Oak Grove Elementary School

Public | PK - 5
3

Desoto Elementary School

Public | PK - 5

Middle Schools 17

8

Wilson Middle School

Public | 6 - 8
5

Stewart Middle Magnet School

Public | 6 - 8
5

Franklin Middle Magnet School

Public | 6 - 8
5

Orange Grove Middle Magnet School

Public | 6 - 8
5

Ferrell Middle Magnet School

Public | 6 - 8
4

Mount Pleasant Standard Base Middle School

Public | 6 - 8
3

Young Middle Magnet School

Public | 6 - 8
1

Memorial Middle School

Public | 6 - 8
1

Carver Exceptional Center

Public | 6 - 12
1

Sligh Middle School

Public | 6 - 8
0

Ami Kids Tampa

Public | 6 - 12
0

Hillsborough Ese Contracted Residential Placement

Public | 6 - 12
0

Tampa Preparatory School

Private | 6 - 12
0

Channelside Academy Middle School

Public | 6 - 8
0

Waters Career Center

Public | 6 - 12
0

Riverside Academy

Public | 6 - 12
0

Pace Center for Girls

Public | 6 - 12

High Schools 11

8

Plant High School

Public | 9 - 12
4

Blake High School

Public | 9 - 12
4

Hillsborough High School

Public | 9 - 12
3

Middleton High School

Public | 9 - 12
0

Brewster Technical Center

Public | 9 - 12
0

Seminole Heights Charter High School

Public | 9 - 12
0

Jesuit High School

Private | 9 - 12
0

Tampa Catholic High School

Private | 9 - 12
0

Pepin Transitional School

Public | 9 - 12
0

Learey Technical Center

Public | 9 - 12
0

Erwin Technical Center

Public | 9 - 12

School and business data provided by Attom Data.

Sue LaGree

Global Real Estate Advisor | License ID: SL3514458

+1(727) 742-3369

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