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$1,390,000

TAMPA

10 Beds 9 Baths 6,455 Sq.Ft.

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

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Status

For Sale

Property Amenities

Interior
Laundry room Common Area, Laundry Room
Flooring Carpet, Tile, Wood
Total Bedrooms: 10
Other Interior Features Ceiling Fans(s)
Area & Lot
Lot Area 0.8 Acres
Living area 6,455 Sq.Ft.
MLS® ID TB8349274
Year Built 1942
High School Hillsborough-HB
Middle School Memorial-HB
Elementary School Broward-HB
Type Multi-Family
Status For Sale
Exterior
Air conditioning Central Air, Wall/Window Unit(s)
Heat type Central, Electric, Space Heater, Wall Units / Window Unit
Water Source Public
Sewer Public Sewer
Other Exterior Features Balcony, Courtyard, Fence, Private Mailbox, Sidewalk
Parking Off Street, Open
Roof Membrane, Shingle
Utilities Cable Connected, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Street Lights, Water Connected
Finance
Sales Price $1,390,000
Real Estate Tax $11,450 yearly

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