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501 W IDLEWILD AVE
501 W IDLEWILD AVE
501 W IDLEWILD AVE
501 W IDLEWILD AVE
501 W IDLEWILD AVE
501 W IDLEWILD AVE
501 W IDLEWILD AVE
501 W IDLEWILD AVE
501 W IDLEWILD AVE
501 W IDLEWILD AVE
501 W IDLEWILD AVE
501 W IDLEWILD AVE
501 W IDLEWILD AVE
501 W IDLEWILD AVE
501 W IDLEWILD AVE
501 W IDLEWILD AVE
501 W IDLEWILD AVE
501 W IDLEWILD AVE
501 W IDLEWILD AVE
501 W IDLEWILD AVE
501 W IDLEWILD AVE
501 W IDLEWILD AVE
501 W IDLEWILD AVE
501 W IDLEWILD AVE
VIEW PHOTOS
$600,000

501 W IDLEWILD AVE

4,412 Sq.Ft.

Description

Welcome to 501 W Idlewild, an exceptional income property opportunity located in the heart of Tampa, FL. This property offers tremendous potential for investors seeking a well-priced property that requires cosmetic work while benefitting from updated systems. With its prime location and solid infrastructure, this 5-unit building presents an enticing investment prospect in a thriving community.

Property Features:5 units, providing multiple income streams and excellent investment potential. Recently updated systems including plumbing, electrical, and HVAC, ensuring peace of mind for investors and tenants. Ample parking space for tenants and visitors. 2 stories with 4412 of interior space, offering spacious living areas in each unit. Additional rental income potential by optimizing common areas or implementing value-add strategies. Conveniently located near local amenities, entertainment venues, shopping centers, and public transportation options

Investment Highlights:
Income Potential: This property offers an incredible opportunity to generate steady rental income through its multiple units. With updated systems already in place, investors can focus on the cosmetic improvements necessary to increase rental rates and maximize returns on their investment.

Upside Potential: The property's need for cosmetic work presents an exciting chance to enhance its appeal and attract higher-quality tenants, potentially commanding premium rental rates. By leveraging their vision and expertise, investors can transform this property into a sought-after living space within the Tampa community.

Prime Location: Situated in a thriving area, this property provides tenants with convenient access to a variety of amenities, including parks, schools, shopping centers, and excellent public transportation options. The property's desirable location contributes to its long-term investment value.

Opportunity Knocks: Don't miss out on this income property that combines updated systems with cosmetic potential. Whether you are an experienced investor or a newcomer to the real estate market, 501 W Idlewild in Tampa, FL offers a fantastic opportunity to build wealth and enjoy the benefits of a passive income stream. Contact us today to schedule a viewing and explore the vast potential this property holds.

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Location

501 W IDLEWILD AVE, TAMPA, FL 33604

Status

Sold

Property Amenities

Interior
Other Interior Features Window Treatments
Area & Lot
Lot Area 4,275 Sq.Ft.
Living area 4,412 Sq.Ft.
MLS® ID T3457814
Year Built 1941
View Description City
Type Multi-Family
Status Sold
Exterior
Air conditioning Central Air
Heat type Central
Water Source Public
Sewer Public Sewer
Other Exterior Features Awning(s), Courtyard, Storage
Parking Driveway, On Street
Lot Features City Limits, Paved
Roof Shingle
Utilities Cable Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
Finance
Sales Price $600,000
Real Estate Tax $4,851 yearly

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Tami utilizes Compass’s high-tech marketing tools and materials to generate more awareness, better price points, and faster transactions, making the real estate journey more exciting than stressful. Work with Tami now!