3111 W SPRUCE STREET,Tampa,Hillsborough,Residential Income

Incredible investment opportunity to own a Triplex apartment building in one of the area’s most desirable locations! This property underwent a comprehensive renovation throughout 2025 with no expenses spared, completed with permits and qualified technicians. Now completely occupied and generating over $80,000 in annual rental income, this is a truly turnkey investment. Situated on an oversized corner lot spanning 11,880 square feet (.27 acres) in a prime location – just steps from Macfarlane park, West Tampa little league, schools, grocery stores, restaurants and more. Assumable 6% FHA loan available.

Every major system has been updated for years of worry-free ownership: brand new roof and gutters, new IMPACT WINDOWS & doors. Unit A features a new HVAC system, Unit C has a new mini-split, and Unit B’s HVAC is only 5-6 years old. All three units feature new water heaters and washer/dryers in each unit.

The interiors have been fully remodeled throughout, featuring solid core doors at all bedrooms and bathrooms for added privacy and quality, plus stainless steel appliances and granite countertops in every kitchen.

Each unit is thoughtfully separated with its own private driveway, and the property offers a generous 9 off-street parking spaces total—a rare and valuable feature for multi-family properties. Unit mix: Apartment A – 3 bedroom/2 bathroom/$2440 monthly, Apartment B – 4 bedroom/2 bathroom/$3000 monthly, Apartment C – 1 bedroom/1 bathroom/$1550 monthly. Apartment C is fully furnished and equipped with a smart lock, making it move-in ready and well-positioned for higher earning short-term rental opportunities.

Utilities are investor-friendly with 2 electrical meters and 2 water meters; the property is on nearly costless well water with public sewer, helping to keep operating expenses low. Current tenants have a strong history of paying on time with zero hassle.
Move-in ready, cash-flowing, and virtually maintenance-free for years to come. Opportunities like this don’t last—schedule your showing today!