405 E CAYUGA ST, TAMPA, FL, 33603
$400,000
Residential
Bedrooms
3
Bathrooms
2
Living Area
1,338 Sqft
Lot Size
5,740 Sqft
Rare duplex in the heart of Old Seminole Heights! Whether you're an investor looking to add a strong cash-flowing asset to your portfolio or a savvy house hacker looking to offset your mortgage with rental income, opportunities like this are few and far between. Offering two completely separate residences on one property, this unique investment combines privacy, character, and long-term income potential in one of Tampa's most desirable rental markets. Most recently leased for $1,700 and $1,750 per month, this property offers proven income potential from day one. Unlike a traditional duplex, these are two completely detached homes with no shared walls, giving each residence the feel and privacy of a single-family home. The front 1-bedroom, 1-bath 650sqft main house immediately stands out with its distinctive Cape Cod-inspired cedar shingle exterior—a rare architectural style that adds charm and timeless character. Inside, you'll find fresh interior paint, newer windows, white shaker cabinetry, granite countertops, wood-look laminate flooring, a spacious walk-in closet, in-unit laundry, and a full kitchen appliance package including the refrigerator, range, microwave, and dishwasher. Privately tucked behind the main home is a detached 2-bedroom, 1-bath 658sqft carriage house with its own alley access and off-street parking, creating an ideal setup for long-term tenants, multigenerational living, or an owner-occupant looking to generate passive income. A privacy fence separates the two homes, creating the feel of two independent residences rather than a typical duplex. Each home features its own water, sewer, and electric meters, central heat and air, and private laundry, making ownership and management simple. Major improvements include roofs and water heaters replaced in 2018, HVAC systems installed in 2019 and 2020, termite tenting completed in 2018, and more. Additional storage is conveniently located beneath the carriage house. Located in the heart of highly sought-after Old Seminole Heights, you'll be just minutes from neighborhood favorites including award-winning restaurants, breweries, coffee shops, parks, Downtown Tampa, Armature Works, and the Tampa Riverwalk. Investment opportunities with this level of character, privacy, and flexibility rarely become available in Seminole Heights. Whether you're building long-term wealth through rental income or looking for one of the best house-hacking opportunities on the market, this is a property you'll want to see.
Property Details
Property Features Property Features
MLS ID: MFRTB8534084 Year Built: 1938
Appliances: Dishwasher, Refrigerator Architectural Style: Bungalow, Cottage
Construction Materials: Cedar, Frame Cooling: Central Air
Country: US County Or Parish: Hillsborough
Direction Faces: North Exterior Features: Storage
Fencing: Vinyl Flooring: Laminate, Tile, Wood
Foundation Details: Crawlspace Furnished: Unfurnished
Heating: Central, Heat Pump Laundry Features: Inside
Levels: Two Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Conventional, FHA, VA Loan Occupant Type: Vacant
Other Structures: Guest House Possession: Close Of Escrow
Property Sub Type: Single Family Residence Property Type: Residential
Road Surface Type: Paved Roof: Shingle
Sewer: Public Sewer Showing Requirements: Lock Box Coded, See Remarks, ShowingTime
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: BB/HS Internet Available, Electricity Connected, Sewer Connected, Water Connected
Vegetation: Trees/Landscaped Water Source: Public
Rooms Rooms
Great Room: 10x14 ft Kitchen: 8x14 ft
Primary Bedroom: 10x11 ft
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