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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.
Property Details
Price: $179,900
Sq Ft: 1,089
($165 per
sqft)
Bedrooms: 2
Bathrooms: 2
City: Riverview
County: Hillsborough
Type: Condo
Development: Allegro Palm
Subdivision: Allegro Palm A Condo
Year Built: 1999
Listing Number: TB8511513
Status Code: A-Active
Taxes: $2,485.14
Tax Year: 2025
Garage:
Furnishings: Unfurnished
Pets Allowed: Cats OK, Dogs OK
Total Recurring Fees: $580
Total Recurring Fee Frequency: 0.00
Interior Features:
Ceiling Fans(s)
Open Floorplan
Split Bedroom
Thermostat
Walk-In Closet(s)
Window Treatments
Amenities:
Clubhouse
Fence Restrictions
Fitness Center
Gated
Pickleball Court(s)
Playground
Pool
Security
Storage
Tennis Court(s)
Trail(s)
Vehicle Restrictions
Wheelchair Access
Financial Information:
Taxes: $2,485.14
Tax Year: 2025
Association Fee: $580.33
Association Fee Frequency: Monthly
Exterior Features:
Lighting
Playground
Private Entrance
Rain Gutters
Sidewalk
Sliding Doors
Storage
Equipment:
Built-In Oven
Dishwasher
Disposal
Dryer
Electric Water Heater
Exhaust Fan
Ice Maker
Microwave
Range
Refrigerator
Washer
Additional Information:
MLS Area: 33578 - Riverview
Total Square Footage: 1,191
Price per Square Feet: $165.20
Total Floors: 3
Water: Public
Construction: Block, Stucco
Date Listed: 2026-05-22 00:00:00
Pool Description: Deck, Gunite, In Ground, Lighting, Outside Bath Access, Self Cleaning
Furnished: Unfurnished
Parking: Open
Flooring: Ceramic Tile, Laminate
Roof: Shingle
Heating: Central, Electric
Cooling: Central Air
Security: Gated Community, Smoke Detector(S)
Laundry: Inside, Laundry Room
Pets: Cats Ok, Dogs Ok
Sewer: Public Sewer
Parcel ID: U-06-30-20-904-
Amenities: Clubhouse, Fence Restrictions, Fitness Center, Gated, Pickleball Court(S), Playground, Pool, Security, Storage, Tennis Court(S), Trail(S), Vehicle Restrictions, Wheelchair Access
Map of 5815 Legacy Crescent Place #202, Riverview, FL 33578
Listing Courtesy Of: Powell Realty
cody@powellrealty.com