505 S DELAWARE AVE, TAMPA, FL, 33606
$610,000
Residential
|
Bedrooms
2
|
Bathrooms
2
|
Living Area
1,659 Sqft
|
Lot Size
3,200 Sqft
|
Step into this charming historical duplex in the heart of Hyde Park's sought-after historic district. Built in 1919, this property is mid renovation, but has already undergone essential updates, including new plumbing, electrical, structural reinforcements, HVAC system, and a new roof, providing peace of mind for future development. The biggest expenses have been completed, so it just needs someone take it the rest of the way to completion! Currently configured as two 1-bedroom, 1-bath units, this property offers flexibility for a variety of investment strategies. With its prime location, just a short walk from Bayshore Boulevard, the Hyde Park Village shopping and dining district, and a variety of entertainment options. This duplex is perfectly positioned for high-demand rental income, whether through long-term leases, or a short term vacation rental. The top-floor unit features a bonus room, offering potential to convert the layout into a 2-bedroom, 1-bath upstairs and a 1-bedroom, 1-bath downstairs, or even a spacious single-family home. The lot includes space for convenient rear parking with alley access, adding to its appeal as a rental or residence. Situated on a cleared lot in the heart of the city, this property is not only a promising investment but also a rare opportunity to own a piece of Tampa's history. The potential ARV exceeds $1.2 million, with an estimated 0.13 ROI for long-term rentals, and even greater returns possible through short-term rentals. Don't miss out on this unique opportunity to invest in one of Tampa's most desirable neighborhoods.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8331171 | Year Built: | 1919 | |
| Appliances: | None | Architectural Style: | Craftsman | |
| Community Features: | Park, Sidewalks | Construction Materials: | Wood Frame, Wood Siding | |
| Cooling: | Central Air, Zoned | Country: | US | |
| Direction Faces: | East | Exterior Features: | Lighting, Sidewalk | |
| Fireplace Features: | Family Room, Wood Burning | Flooring: | Other | |
| Foundation Details: | Pillar/Post/Pier | Furnished: | Unfurnished | |
| Heating: | Electric, Heat Pump | Laundry Features: | Inside, Laundry Room | |
| Levels: | Multi/Split | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, Conventional | Lot Features: | Historic District, City Limits, In County, Level, Paved | |
| Occupant Type: | Vacant | Patio And Porch Features: | Covered, Enclosed, Front Porch | |
| Possession: | Close of Escrow | Property Condition: | Fixer | |
| Property Sub Type: | Single Family Residence | Property Type: | Residential | |
| Road Responsibility: | Public Maintained Road | Road Surface Type: | Asphalt | |
| Roof: | Shingle | Sewer: | Public Sewer | |
| Showing Requirements: | Go Direct, See Remarks, ShowingTime | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Utilities: | BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Sewer Connected, Street Lights, Water Available | View: | Garden | |
| Water Source: | Public | |||
| Rooms | Rooms | |||
|---|---|---|---|---|
| Primary Bedroom: | Living Room: | |||
| Kitchen: | Living Room: | |||
| Kitchen: | Primary Bedroom 2: | |||
We love to hear from you