Listing by: Frank Albert, FRANK ALBERT REALTY, 813-546-2503

2 Beds

2 Full baths

1,923 SqFt

Active

CASH COW! Discover a truly unique investment opportunity in the heart of Seminole Heights! Don't pay for your home, let your home pay for you! This charming 2-bedroom, 2-bathroom home spans 1,254 square feet and is brimming with character, having stood the test of time for over 100 years. Enjoy mornings on the expansive front porch, complete with a cozy porch swing. Inside, you’ll find original hardwood floors, an oversized fireplace, two separate living areas, and a spacious dining room featuring a historic built-in hutch. The fully remodeled kitchen is a chef’s dream, boasting top-of-the-line stainless steel appliances, including a gas range, quartz countertops, a pot filler, and stunning stained glass windows. What truly sets this property apart is the fully finished 669-square-foot studio apartment in the basement—one of the very few homes in Tampa with this feature! Whether you choose to rent it out to help cover your mortgage or use it as an in-law suite, this basement apartment offers incredible flexibility. But that’s not all! The property also includes a detached duplex apartment building in the back, featuring two 1-bedroom, 1-bathroom units, each over 500 square feet. These units are already generating income, with one bringing in $1,200 per month and the other $1,350 per month, providing a significant boost to your mortgage payments. The main home has seen numerous upgrades, including new plumbing in 2006 and a new main water line in 2008, new electric in 2006, a new roof in 2016, and restored original wood windows by a master carpenter in 2009. The duplex has also been well-maintained, with foundation work completed in 2005, the upstairs unit remodeled in 2020, central air and heat installed in 2022, and the downstairs unit remodeled in 2016. This property is a rare gem in a vibrant neighborhood, offering both historical charm and modern amenities. Don’t miss your chance to own a piece of Seminole Heights with incredible income potential!

Property Details
Price $899,999
Bedrooms 2
Full Baths 2
Half Baths 0
Property Style Bungalow
Lot Size 56 x 132
Lot Size Area 7392
Lot Size Area Units Square Feet
Acres 0.17
Property Type Residential
Sub type SingleFamilyResidence
MLS Sub type Single Family Residence
Features Other
Exterior Features Other
Year Built 1914
Subdivision SEMINOLE HEIGHTS OF NORTH TAMP
Roof Shingle
Heating Central
Foundation Slab
Laundry Features None
Geographic Data
Directions north on florida ave, right on frierson to suwannee ave.
County Hillsborough
Latitude 27.994857
Longitude -82.458675
Market Area 33603 - Tampa / Seminole Heights
Address Information
Address 5208 N Suwanee AVENUE, TAMPA, FL 33603
Postal Code 33603
City TAMPA
State FL
Country United States
Listing Information
Listing Office FRANK ALBERT REALTY
Listing Office Phone 813-546-2503
Listing Agent Frank Albert
Listing Agent Phone 813-546-2503
Buyer Agency Compensation 2.5%
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions None
Ownership Fee Simple
Terms Cash, Conventional, FHA, VA Loan
MLS® Information
Days on market 0
MLS® Status Active
Listing Date Jun 7, 2024
Listing Last Modified Jun 7, 2024
Tax ID A0129184G500000500002.0
Tax Year 2023
Tax Annual Amount 2331
MLS® Area 33603 - Tampa / Seminole Heights
MLS® # T3532202

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