• 8 Units
• 5,288 Sq Ft
• 10,922 Sq Ft
• Unknown Cap Rate

Description

**8 UNITS** 2 Single Family Homes PLUS 6 unit Apartment Building on this site, Plus Garage/Storage Building that could be added to the rent roll.
(**This property did NOT Flood during the recent storms, and had NO water intrusion.)
This is one of the few original Residential Compounds left untouched in Tampa Heights. Exceptional Tampa Heights Opportunity for Fix and Hold or 6 TH Development. 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, aiding countless individuals in regaining their financial footing. With some updating, these stately residences have the potential to significantly increase the rental income. The current use of the property has NOT been intended to maximize rental profits.
Discover this stunning Tampa Heights Residential Compound featuring two charming, original single-family homes, an additional building with six apartments, and a separate garage/storage structure—all nestled along picturesque tree-lined brick streets. The Lot spans 10,922 sq. ft. and is zoned RM-24. This versatile lot presents buyers with the option to renovate existing structures or redevelop the site entirely.
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. Tampa Heights stands as the city's first significant residential suburb, maintaining its desirability over the years and surging upward in recent years. Established in the 1880s; it drew residents away from downtown, leveraging its favorable transportation access—a trait it retains today.
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.
Conveniently located just a few blocks from Highland Park, the YMCA, Armature Works, and the scenic and entertaining Tampa Riverfront Water-Works 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.

Please respect the privacy of the current tenants—DO NOT TRESPASS or engage with tenants or people onsite. You MUST have an appointment to tour the property or walk on site. Property is monitored with cameras that include audio and alert system. Showings are available by APPOINTMENT ONLY with a 48-HOUR NOTICE. (Depending upon the buyer's offer, Seller may entertain 'Seller Financing' with a substantial down payment and favorable terms.)