Price Reduced Listing
Description
LARGE PIECE OF PROPERTY. 2 CORNER LOTS RUNING FROM THE CORNER OF BUNGALOW TO THE CORNER OF S HABANA *See separate listing for 2801 W Cleveland St.* Walking distance to Hyde park and Downtown. Attention Developers, Investors, and Savvy Owner Occupants: Rare opportunity to acquire a multifamily-zoned parcel with existing structures in one of South Tampa's most centrally located and fastest growing corridors, just minutes from Hyde Park, Midtown, and Downtown Tampa. The owner's retirement presents a unique chance to secure a 6,150 sq ft (0.14 acre) RM-16 lot with significant value-add and redevelopment potential in a proven townhome corridor. So what makes this one so special? 1) Two buildings, total of 3 units on one lot: The property features a 2/1 single-family home (1,064 heated sq ft) and a two-story duplex with one 1/1 unit on each floor (1,096 heated sq ft total). 2) Value-add opportunity, all units requiring renovation, offering investors the ability to increase overall asset value. Some work on the properties in recent years include: The single-family home features a newer roof (2020) and recent plumbing and electrical updates within the past 2 years, along with minor hurricane-related repairs. Has central air. The duplex has a roof less than 5 years old, electrical updated 2 years ago, and plumbing updated 1.5 years ago, with A/C provided via wall units. 3) Separately metered water, simplifying future management and rental efficiency. 4) Development upside: RM-16 zoning supports multifamily redevelopment. Based on lot size and location, strong potential for future townhome development. 5) Prime South Tampa location: Located within the highly sought-after Mitchell-Wilson-Plant school district and minutes from Hyde Park Village, Midtown, Downtown Tampa, and Howard Ave. Easy access to I-275, Tampa International Airport, and the University of Tampa. Additional opportunity: Seller is also offering the neighboring corner lot with an existing duplex. See 2801 W Cleveland St. Purchase both for a combined 12,300 sq ft of land and 5 total units, maximizing development scale, design flexibility, and long-term upside. Whether you're looking to renovate and reposition for long-term cash flow, or redevelop into a high-end product, opportunities like this in core South Tampa are increasingly rare. Easy to show. No HOA/CDD. Arborist Reports, MLS info sheets and property disclosures available. No assignable contracts accepted.
Details
| MLS # | TB8491887 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1940 |
| Days On Site | 204 |
| Listing Provided By | RICHARD PETERS REALTY LLC | Alexander Izikson |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 3 |
| SQ Feet | 2,160 |
| Car Port | Yes |
| Zoning | RM-16 |
| Acreage | 0.28 |
Taxes
| Property | 15735 |
|---|
Area Information
| State | FL |
|---|---|
| County | Hillsborough |
| City | TAMPA |
| Zip Code | 33609 |
| Area | 33609 Tampa | Palma Ceia |
| Community Name | BUNGALOW CITY |
| Listing VS Median (in BUNGALOW CITY) | |
Price: $475,000 low | high Med: $400,000 sqft: 2,160 low | high Med: 1,002 $ / sqft: $220 low | high Med: $399 On site: 204 low | high Med: 179 | |
Market Activity 33609
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| State | FL |
|---|---|
| County | Hillsborough |
| City | TAMPA |
| Zip Code | 33609 |
| Area | 33609 Tampa | Palma Ceia |
| Community Name | BUNGALOW CITY |
| Listing VS Median (in BUNGALOW CITY) | |
Price: $475,000 low | high Med: $400,000 sqft: 2,160 low | high Med: 1,002 $ / sqft: $220 low | high Med: $399 On site: 204 low | high Med: 179 | |
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