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Tampa,FL 33603
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,455 sqft
Price per Sqft $232
Subdivision Cunningham
MLS Listing ID TB8349274
Bedrooms 10
Year Built 1942
Annual Tax Amount $11,450
Lot Size 0.800 Acres
Property Sub-Type Multi-Family
Property Description
This is a unique investment opportunity in the heart of Tampa's historic Seminole Heights neighborhood. The combined properties at 5113 and 5115 N Central Ave span approximately 0.8 acres, making it one of the largest residential and multi-family lots in the area. Currently, the property features nine units, including two single-family homes, with the potential to convert an existing storage unit into an additional apartment, increasing rental income. It is currently self-managed with below-market rents, presenting significant upside potential through value-add improvements. The property consists of eight 1 Bedroom 1 Bath and one 2 Bedroom 1 Bath units and has steady demand. Seminole Heights is known for its historic charm, early 20th-century bungalows, tree-lined streets, and a vibrant community filled with trendy restaurants, breweries, and boutiques. As the neighborhood continues to grow in popularity and value, this expansive lot offers both immediate income and long-term appreciation potential. Don't miss out on this exceptional opportunity to own a prime asset in one of Tampa's most sought-after areas. The property has 6 buildings, consisting of 4 duplexes and 2 stand alone homes. Future Land Use R-20
Location
State FL
County Hillsborough
Community Cunningham
Zoning SH-RS
Interior
Heating Central,Electric,Space Heater,Wall Units / Window Unit
Cooling Central Air,Wall/Window Unit(s)
Flooring Carpet,Tile,Wood
Laundry Common Area,Laundry Room
Exterior
Exterior Feature Balcony,Courtyard,Fence,Private Mailbox,Sidewalk
Parking Features Off Street,Open
Utilities Available Cable Connected,Electricity Connected,Natural Gas Connected,Public,Sewer Connected,Street Lights,Water Connected
Roof Type Membrane,Shingle
Building
Foundation Crawlspace,Slab,Stem Wall
Sewer Public Sewer
Water Public
Structure Type Asbestos,Block,Stucco,Wood Frame
New Construction false
New Construction false
Schools
Elementary Schools Broward-Hb
Middle Schools Memorial-Hb
High Schools Hillsborough-Hb
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8349274