Investors, take note: this bright, spacious corner-unit condo is currently generating $1,795/month in fully guaranteed rental income, with the lease secured through July 31, 2027. At the asking price, this property delivers an outstanding 6.38% ROI a rare combination of immediate cash flow, zero vacancy risk, and long-term tenant stability. Located on the 2nd floor of a well-maintained, secure community with keypad and fob gate access in Riverview, FL, this nearly 1,100-square-foot, 2-bedroom, 2-bathroom unit offers an open-concept layout with laminate flooring throughout for easy upkeep between tenants. The open floor plan flows seamlessly from the living area to the dining space, creating a functional layout that appeals to long-term renters. The primary suite offers a private retreat with an en-suite bathroom and walk-in closet, while the second bedroom is equally well-appointed with its own king-sized layout and walk-in closet ideal for tenants seeking a home office or guest space. A private screened lanai with an attached storage room adds practical value that tenants consistently look for, offering year-round outdoor living and extra storage for seasonal items or gear. Riverview's proximity to the Selmon Expressway puts downtown Tampa and the Water Street District less than 15 minutes away, a major draw for tenants commuting into the city. The gated community offers resort-style amenities that support strong occupancy and tenant retention, including two pools, a fitness center with a kids' playroom, a clubhouse with a business center and private movie theater, tennis and pickleball courts, a playground, a dog park, and an on-site car wash center. This is a fully occupied, guaranteed-income asset with a locked lease through mid-2027 and a 6.38% ROI, offering minimal effort and immediate returns for the right investor.
| MLS # | TB8511513 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| HOA Dues | $580 |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1999 |
| Days On Site | 92 |
| Listing Provided By | POWELL REALTY | Cody Powell |
| Bed(s) | 2 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,089 |
| Pool | Yes |
| Story(s) | 3 |
| Zoning | PD |
| Property | 2485 |
|---|
| State | FL |
|---|---|
| County | Hillsborough |
| City | RIVERVIEW |
| Zip Code | 33578 |
| Area | 33578 Riverview |
| Community Name | ALLEGRO PALM A CONDO |
| Listing VS Median (in ALLEGRO PALM A CONDO) | |
Price: $179,900 low | high Med: $116,500 sqft: 1,089 low | high Med: 749 $ / sqft: $165 low | high Med: $156 On site: 92 low | high Med: 54.5 | |
| State | FL |
|---|---|
| County | Hillsborough |
| City | RIVERVIEW |
| Zip Code | 33578 |
| Area | 33578 Riverview |
| Community Name | ALLEGRO PALM A CONDO |
| Listing VS Median (in ALLEGRO PALM A CONDO) | |
Price: $179,900 low | high Med: $116,500 sqft: 1,089 low | high Med: 749 $ / sqft: $165 low | high Med: $156 On site: 92 low | high Med: 54.5 | |