Description

This property generated over $100K in passive income in 2024, with the owners renting it out casually, without the use of advertising or investing in any additional marketing tools. With minimal effort, this property has proven to be an income generating asset with potential for even greater returns. Reside in the heart of the city with this stunning bungalow situated in flood zone X and evacuation zone E so no flood insurance is required! Plus, with no HOA or CDD, this property offers savings, freedom, and convenience. This single family home consists of a beautiful bungalow that boasts nearly 2,000 square feet of living space, featuring 4 spacious bedrooms and 2 modern bathrooms. As you approach, the inviting atmosphere captivates, enhanced by gorgeous original cherrywood floors, elegant chandeliers, and chic accent walls. The chef’s kitchen, complete with stainless steel appliances, flows seamlessly into a cozy living area highlighted by a charming fireplace. Step outside to the delightful wrap-around wooden deck, adorned with string lights, creating the enchanting vibe Seminole Heights is known for—great for gatherings and relaxation around the inviting fire pit.This property masterfully blends modern conveniences with historic charm, having undergone key updates in recent years, including the roof, plumbing, and electrical systems. Additional living spaces are available as this property also includes a detached two-story duplex. The ground-floor 528 sqft studio apartment includes a full kitchen and bathroom, while the upstairs 744 sqft apartment features 2 bedrooms and 1 bathroom, recently updated with a brand-new central A/C unit and ductwork. Enjoy modern comforts with remote thermostat control and strategically placed ductless mini-split A/C units for year-round comfort. Additionally, there is a newly renovated 200-square-foot camper with an option to convey with the property at asking price. It currently generates 1.4k month. This studio layout features a kitchenette and full bathroom that could be used as a guest suite for your out of town visitors or your very own she shed or man cave. Each living space offers its own fenced-in privacy, with separate electric meters for the main house and detached apartment. With the major highways and downtown Tampa minutes away, you’ll enjoy a vibrant lifestyle without long commutes.This hidden gem is waiting for you. Please be aware that the main house is typically occupied, and the other units are generally leased to midterm tenants or on month-to-month leases.