Active

$589,000

Features:
  • 3 Bedrooms
  • 1 Bathrooms
  • 1276 sq ft
Overview
  • ID: MFRTB8385145
  • Bedrooms: 3
  • Bathrooms: 1
  • Size: 1276 sq ft
Property Details
Remarks
INVESTMENT OPPORTUNITY in RIVERSIDE HEIGHTS *Riverside Heights Gem Bordering Tampa Heights* An exceptional opportunity awaits investors with this property located at 702 W Virginia Ave in the highly desirable Riverside Heights neighborhood, bordering vibrant Tampa Heights and just moments from Armature Works and the Tampa Riverwalk. This 1,276 sqft, 3-bedroom, 1-bathroom single-family home, built in 1927, sits on a substantial 0.27-acre lot. It is being sold **as-is** for the convenience of the sellers, making it an ideal canvas for a savvy investor looking to rehab and either sell or lease out for significant returns. The property also features a detached garage, adding to its appeal. The expansive yard offers ample space for additional structures or even the construction of a completely new home. Located about 3 blocks from Hillsborough River, this property is in Flood Zone X, in which lenders do not require flood insurance. Beyond its current use, the property presents a compelling potential for rezoning. Currently zoned RS-60, there's a possibility to rezone for a duplex or even a couple of townhomes. Furthermore, given its prime location, with commercial buildings (attorney, insurance company, real estate company) on all three adjacent corners of West Virginia and North Blvd, there's a strong potential for rezoning to commercial or mixed-use. Adding to its appeal, Tampa is actively developing the *Green ARTery*, a significant 22-mile biking and walking loop, with a portion of it just a few blocks away. This major infrastructure project will enhance the desirability and accessibility of the area, making this property even more attractive for future residents or commercial ventures. Don't miss out on this versatile investment opportunity in a rapidly appreciating Tampa location.
Financial Considerations
Price:
$589,000
HOA Fee:
N/A
Tax Amount:
$7353.77
Price per SqFt:
$461.6
Tax Legal Description:
RIVERSIDE NORTH LOT 1 AND E 1/2 OF LOT 2 BLOCK 9
Exterior Features
Lot Size:
11700
Lot Features:
Corner Lot, Level, Near Public Transit, Oversized Lot, Sidewalk, Street Brick
Waterfront:
No
Parking Spaces:
N/A
Parking:
Ground Level
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
3
Bathrooms:
1
Heating:
Central, Electric
Cooling:
Central Air
Appliances:
Electric Water Heater, Range Hood
Furnished:
Yes
Floor:
Wood
Levels:
One
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1927
Construction Type:
Other, Frame
Garage Spaces:
Yes
Covered Spaces:
N/A
Direction Faces:
North
Pets Allowed:
No
Special Condition:
None
Additional Features:
Private Mailbox, Sidewalk, Storage
Additional Features 2:
Buyer to verify lease restrictions to the county.
Map
  • Address
    702 W VIRGINIA AVE
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