1021 E CAYUGA ST, TAMPA, FL, 33603
$599,000
Residential Income
|
Bedrooms
8
|
Bathrooms
3
|
Living Area
2,532 Sqft
|
Lot Size
6,960 Sqft
|
Income-producing opportunity in Southeast Seminole Heights! This versatile property offers three separate living spaces across two buildings and generated $57,600 in gross rental income in 2025, according to the seller.
The main residence features generously sized bedrooms and distinctive architectural character, including arched openings, a living-room fireplace, and a covered front porch. Its flexible layout can function as a 3-bedroom, 1-bathroom home or as a 2-bedroom residence with a dedicated office, den, or flex room. Estimated market rent is approximately $1,900-$2,000 per month.
The detached two-story accessory building contains two updated residences. The downstairs 2-bedroom, 1-bathroom unit is estimated to rent for approximately $1,350 per month, while the upstairs 3-bedroom, 1-bathroom unit is estimated at approximately $1,550 per month. The rear building offers separate access, parking, and convenient entry from the back alley, providing additional privacy and independence from the main residence.
Combined estimated rents total $4,800 per month, or $57,600 annually in potential gross rental income. The flexible configuration makes this an attractive option for a full investment property, multigenerational living, or an owner-occupant seeking to offset housing expenses with rental income. The detached ADU building is leased through August 29, 2027 (Unit #B) and Unit #C is leased through September 30, 2027.
Located approximately 3 miles from Downtown Tampa and minutes from I-275, with convenient access to Armature Works, Ybor City, Busch Gardens, USF, dining, entertainment, and major employment centers. No HOA. Buyer to verify zoning, permitted use, room dimensions, rental information, and all details material to the buyer’s intended use.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8556500 | Year Built: | 1926 | |
| Appliances: | Range, Refrigerator | Construction Materials: | Frame | |
| Cooling: | Central Air, Mini-Split Unit(s) | Country: | US | |
| County Or Parish: | Hillsborough | Exterior Features: | Lighting | |
| Fireplace Features: | Living Room | Flooring: | Carpet, Tile | |
| Foundation Details: | Crawlspace | Heating: | Central, Electric | |
| Laundry Features: | Laundry Closet | Levels: | One | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional, FHA, VA Loan | |
| Occupant Type: | Tenant | Parking Features: | Common, Driveway, On Street, Open, Oversized | |
| Property Condition: | Fixer | Property Sub Type: | Triplex | |
| Property Type: | Residential Income | Road Surface Type: | Paved | |
| Roof: | Shingle | Sewer: | Public Sewer | |
| Showing Requirements: | 24 Hour Notice, Combination Lock Box, Lock Box Coded | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Utilities: | Cable Available, Electricity Available, Water Available, Water Connected | Water Source: | Public | |
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