104 W Amelia Ave
Backyard view of a two-story wooden house with stairs, fenced yard, and an open gate leading to a dirt path surrounded by bins and sheds.
104 W Amelia Ave
Room with blue-gray walls and hardwood floor, open to a sunlit adjoining room with windows.
Cozy kitchen with a stainless steel refrigerator, wooden floor, and a colorful geometric rug by a small table near three windows
Kitchen with oak cabinets, granite counters, stainless steel stove, and a small table by two sash windows on a hardwood floor.
Interior room with wooden floor and an open door leading to a covered porch with a white railing and wooden deck outside, sunlight streaming in.
Empty living room with hardwood floors, beige walls, and a ceiling fan under natural light from large windows.
Empty living room with honey‑colored wood floor, light gray walls, white baseboards, and a white door; doorway to a small tiled area on the left.
Empty living room with hardwood floor, gray walls, white baseboards, a doorway to a tiled bathroom on the left, and a white entry door on the right; ceiling fan with exposed bulb
A small bathroom with a white toilet and a pedestal sink against light gray walls and white hex tile floor edge-by-side, near a doorway to a wooden floor room.
Living room with light hardwood floors, a white ceiling fan, two front windows, baseboard heater, and a white entry door on the right.

View Full Photo Set

104 W Amelia Ave, Tampa, FL 33602

* 6-unit multifamily property
* Unit mix: (6) 1 bed | 1 bath
* Currently 5 of 6 units occupied
* Market rent: ~$1,500 per unit

Asking Price: $1,050,000

2025 Financial Performance (Full Occupancy):

Gross Income: $108,000
Operating Expenses: $34,512
* Property Taxes: $4,832
* Insurance: $6,000
* Management: $6,480
* Electric: $0 (tenant paid)
* Water: $7,200
Net Operating Income (NOI): $73,488

Key investment highlights:

* Mostly renovated with significant capital improvements already completed
* Major structural work completed, including roof supports and piling repairs
* Electrical boxes replaced and multiple interior units updated
* Five units currently producing income with one vacancy offering lease-up potential
* Tenant-paid electric helps reduce operating expenses
* Well-positioned multifamily asset in the Tampa market

This property offers a combination of stable cash flow, recent improvements, and additional upside through full occupancy.

Book an Expert

New investor? Start with Jorge.

Jorge Vazquez – CEO & Investment Strategist at Graystone. Let’s make your portfolio stronger, steadier, and more profitable.

Deals? Book with Cody.

Meet Cody Bergstrom, Your Expert in Finding Deals Let’s find an off-market deal that actually works for you.

Need financing? Book with Lisa.

Meet Lisa Kaye Price, the LendingGig Top ML Let’s figure out the smartest way to fund your next deal.

Looking for PM? Book with Jay

Jay Michalec – COO & Property Management Expert at Graystone. Let’s make your rentals easier, calmer, and more profitable.

author avatar
Don Ong
See Full Bio