Value-add duplex investment opportunity in Tampa with immediate in-place income and substantial upside potential. 1210 E 140th Ave features a tenant-occupied duplex consisting of a 2-bedroom, 1-bath Unit A currently rented at $1,300/month and a 1-bedroom, 1-bath Unit B currently rented at $1,000/month, both on month-to-month leases with tenants intending to stay. The property currently operates at an approximate 6% cap rate based on current in-place income and estimated operating expenses, with clear upside through repositioning. This is a true investor value-add opportunity, with both units offering renovation upside and the potential for increased rental income through improvements to kitchens, bathrooms, drywall, and overall interior upgrades. Unit A features newer cabinetry, stainless steel appliances, and range, while Unit B has had some bathroom improvements completed. Estimated post-renovation market rents are approximately $1,600/month for the 2/1 and $1,300–$1,400/month for the 1/1. Major updates include roof replaced in 2016 and central AC in Unit A replaced in 2016, while Unit B currently utilizes window units. Property includes two separate electric meters with tenant-paid electric, one shared water meter with owner-paid water averaging approximately $100/month, helping maintain relatively low operating expenses. Property will not be delivered vacant and is being sold strictly AS-IS, with seller making no repairs. Excellent opportunity for investors seeking stable current cash flow with strong repositioning and rental upside in a growing Tampa market.
The income description goes here to explain
| List Price | $310,000 |
| Property Type | Duplex (2-units) |
| Usable Sqft | 1,323 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1969 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | U0628191GH00000200011.0 |
| MLS # | TB8511454 |
| Property ID | 315500688 |
| Lot Sqft | 9,179 |
| Zoning | RMC-20 |
| Days on Market | 7 |
| Original List Price | $310,000 |
| Date Updated | May 25, 2026 |
| Date Created | May 21, 2026 |
Wallas Silva an agent of .
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Robert Crawford
REAL ESTATE AGENT