Active

$1,550,000

Features:
  • 8 Bedrooms
  • 10 Bathrooms
  • 5288 sq ft
Overview
  • ID: MFRTB8407243
  • Bedrooms: 8
  • Bathrooms: 10
  • Size: 5288 sq ft
Property Details
Remarks
Great opportunity to purchase part of Tampa Height's History. There are a total of 8 rental units in 4 buildings: 1 Single family-4 bedroom/2 bath, 2nd Single Family-2 bedroom/2 bath, 1 Apartment Building with 4 studio units plus TWO- 1 bedroom/1 bath units. Built in 1935, 1940, and 1946, these buildings reflect a rich history from a time when Tampa Heights blossomed into a vibrant community characterized by residential and commercial growth. Each unit and both homes are separately metered and tenants pay all utilities except water/sewer and small gas bill. This lot is 10,922 sq ft and is zoned RM-24. If redeveloped, it is approved for 6 new units. This property has been treasured by the same family since 1960, serving as a beacon of hope and renewal for many. The owner has offered below-market rental rates, as a service in the community for the past 15 years. With some renovations, these stately residences have the potential to significantly increase the rental income.The property has great access on a corner and with an alley running along the north side. Conveniently located just a few blocks from Highland Park, the YMCA, Armature Works, and the scenic Tampa Riverfront Waterworks park, this property is also near Perry Harvey Sr. Park’s skatepark, a variety of shopping options, entertainment hubs, fine dining, as well as cultural and artistic venues. With easy access to Downtown Tampa, Ybor City, and Tampa International Airport, the location is ideal for both residents and investors. The property's size and location present a unique development opportunity in one of Tampa Bay's fastest-growing neighborhoods. As the area's progress continues, opportunities like this are becoming increasingly rare. Please respect the privacy of the current tenants—do not trespass or engage with them. Showings are available by appointment only with 48-72 hours' notice.
Financial Considerations
Price:
$1,550,000
HOA Fee:
N/A
Tax Amount:
$6712
Price per SqFt:
$293.12
Tax Legal Description:
MUNRO AND MC INTOSH'S ADDITION E 5 FT OF LOT 9 AND LOT 10 BLOCK 11
Exterior Features
Lot Size:
10922
Lot Features:
Corner Lot, Historic District, City Limits, Oversized Lot, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Oversized, Parking Pad
Roof:
Metal, Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
8
Bathrooms:
10
Heating:
Central, Ductless
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1935
Construction Type:
Block, Cement Siding
Garage Spaces:
Yes
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Private Mailbox
Additional Features 2:
N/A
Map
  • Address
    2402 N HIGHLAND AVE
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