$610,000
For Sale

505 S DELAWARE AVENUE

Tampa, FL 33606
1944 sqft | 2 beds | 2 baths | 0.07 acres | #TB8331171
Browse 41 photos
Type:Purchase
Structure:House
Zone:Residential

Description

Step into this charming historical duplex in the heart of Hyde Park's sought-after historic district. Built in 1919, this property has already undergone essential updates, including modern plumbing, electrical, structural reinforcements, and a new roof, providing peace of mind for future development. The biggest expenses have been completed, so it just needs someone take it the rest of the way to completion! Currently configured as two 1-bedroom, 1-bath units, this property offers flexibility for a variety of investment strategies. With its prime location, just a short walk from Bayshore Boulevard, the Hyde Park Village shopping and dining district, and a variety of entertainment options. This duplex is perfectly positioned for high-demand rental income, whether through long-term leases, or a short term vacation rental. The top-floor unit features a bonus room, offering potential to convert the layout into a 2-bedroom, 1-bath upstairs and a 1-bedroom, 1-bath downstairs, or even a spacious single-family home. The lot includes space for convenient rear parking with alley access, adding to its appeal as a rental or residence. Situated on a cleared lot in the heart of the city, this property is not only a promising investment but also a rare opportunity to own a piece of Tampa's history. The potential ARV exceeds $1.2 million, with an estimated 0.13 ROI for long-term rentals, and even greater returns possible through short-term rentals. Don't miss out on this unique opportunity to invest in one of Tampa's most desirable neighborhoods. MULTIPLE OFFERS, HIGHEST AND BEST DUE BY TUES 2/11 9AM

  • Property Details
      • Utility FeaturesBB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Sewer Connected, Street Lights, Water Availab
      • InteriorEat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan
      • Lot DescriptionHistoric District, City Limits, In County, Level, Paved
      • Property SubtypeSingle Family Residence
      • Exterior MaterialsLighting, Sidewalk
      • FoundationPillar/Post/Pier
      • Sewer InformationPublic Sewer
      • CountyHillsborough
      • Elementary SchoolGorrie-HB
      • Middle SchoolWilson-HB
      • MLS #TB8331171
      • MLS #TB8331171
      • Property TypePurchase
      • High SchoolPlant-HB
      • Original List Price$610,000
      • SubdivisionBAYWOOD
      • ViewGarden
      • Utility SourcePublic
      • Taxes Annual$6,515
      • Cost610000
      • Property ConditionFixer
      • Acres0.07
      • Square Feet1944
      • Year Built1919
      • Bedrooms2
      • Bathrooms2
      • Full Baths2
      • Stories2
      • Days on Market (Cumulative)7

Location

Terry A. KarousosReal Estate Group

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