2306 N MORGAN STREET, TAMPA, FL 33602

Description of 2306 N MORGAN STREET, TAMPA, FL 33602

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.

Property Details for 2306 N MORGAN STREET, TAMPA, FL 33602

Flooring

Carpet

Heating

Central

Cooling

Central Air

Property Condition

Completed

Building Information for 2306 N MORGAN STREET, TAMPA, FL 33602

Building Area Total

1439

Building Area Units

Square Feet

Property Information for 2306 N MORGAN STREET, TAMPA, FL 33602

Lot Size Square Feet

12,000

Waterfront

No

View

No

Construction Materials

Stucco, Wood Frame (FSC Certified), Wood Siding

Roof

Shingle

Sewer

Public Sewer

Water Source

Public

New Construction

No

Public Records for 2306 N MORGAN STREET, TAMPA, FL 33602

Parcel Number

A1329184XM00000500004.0

Tax Annual Amount

$4,924

Tax Year

2024

Tax Legal Description

GROVE HEIGHTS LOT 4 BLOCK 5

Zoning

RM-24

County Or Parish

Hillsborough

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