2501 IRENE STREET

Description

Prime 6-Unit Multi-Family Investment Package | Lutz, FL.. An exceptional turnkey investment opportunity located in unincorporated Hillsborough County. This multi-family package consists of two contiguous parcels featuring two single-story, concrete block buildings totaling 6 residential units (each 2 Bed / 1 Bath). Situated in the Clewell Heights First Addition subdivision, the properties offer strong, stable cash flow driven by long-term tenants and high local rental demand.
Key Property Highlights
Turnkey Condition & Recent Capital Improvements:
New Roofs (2024) across both structures.
Exterior Paint (2024) and well-maintained grounds.
Updated kitchens and bathrooms with newer appliances.
Low-Maintenance Construction: Durable solid concrete block/masonry construction on slab foundations with asphalt shingle roofing and individual central A/C units for every unit.
Tenant Amenities: Dedicated common off-street parking lot and convenient access to local transit.
High-Demand Location: Positioned just minutes from the University of South Florida (USF), major shopping centers, and key thoroughfares connecting Tampa, Lutz, Land O’ Lakes, and Wesley Chapel.
Property & Parcel Breakdown: Parcel 1 (Folio: 035006-0000) Parcel 2 (Folio: 035007-0000)
Combined Total Portfolio
Site Address 2501 Irene St, Lutz, FL 33549
Unit Count. 4 Units (2 Bed / 1 Bath) 2 Units (2 Bed / 1 Bath) 6 Total Units.
Year Built 1971
Living Area (Heated)
2,500 sq. ft.
~1,134–1,200 sq. ft.
~3,634–3,700 sq. ft.
Lot Size 17,000 sq. ft. (~0.39 Acres)
RMC-16 (Multi-Family)
Concrete Block / Masonry on Slab
Central A/C 6 units Individual Central A/C
New Roofs (2024)
Legal Description Clewell Heights First Add Lot 4 Block 2, Clewell Heights First Add Lot 5 Block 2

Lutz/North Tampa is one of the region’s most consistent rental submarkets, sustained by proximity to major employment hubs and top academic institutions.
Connectivity: Immediate access to major arteries providing quick commutes to Downtown Tampa, USF Medical District, and rapidly growing suburban hubs like Wesley Chapel.