$1,350,000

Features:
  • 10 Bedrooms
  • 9 Bathrooms
  • 6455 sq ft
Overview
  • ID: MFRTB8349274
  • Bedrooms: 10
  • Bathrooms: 9
  • Size: 6455 sq ft
Property Details
Remarks
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
Financial Considerations
Price:
$1,350,000
HOA Fee:
N/A
Tax Amount:
$11450.31
Price per SqFt:
$209.14
Tax Legal Description:
CUNNINGHAM W 203 FT OF LOT 1 LOT 2 AND A STRIP OF LAND 18.64 FT WIDE LYING E OF LOT 2
Exterior Features
Lot Size:
34790
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Off Street, Open
Roof:
Membrane, Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
10
Bathrooms:
9
Heating:
Central, Electric, Space Heater, Ductless
Cooling:
Central Air, Wall/Window Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
Carpet, Tile, Wood
Levels:
Multi/Split
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1942
Construction Type:
Asbestos, Block, Stucco, Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Balcony, Courtyard, Fence, Private Mailbox, Sidewalk
Additional Features 2:
N/A
Map
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