Listing by: Kathryn Wingad, BHHS FLORIDA PROPERTIES GROUP, 201-953-5745

2 Beds

2 Full baths

1,659 SqFt

Active

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.

Property Details
Price $610,000
Bedrooms 2
Full Baths 2
Half Baths 0
Property Style Craftsman
Lot Size 40 x 80
Lot Size Area 3200
Lot Size Area Units Square Feet
Acres 0.07
Property Type Residential
Sub type SingleFamilyResidence
MLS Sub type Single Family Residence
Features Eating Space In Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan
Exterior Features Lighting, Sidewalk
Year Built 1919
Subdivision BAYWOOD
View Garden
Roof Shingle
Heating Electric, Heat Pump
Foundation Pillar/Post/Pier
Lot Description Historic District, City Lot, In County, Level
Laundry Features Inside, Laundry Room
Geographic Data
Directions From FL-618/Selmon Expressway, take exit 4 toward Willow Ave, turn left onto W Cleveland St, turn left onto S Willow Ave, turn left on Platt St, turn right onto S Delaware Ave to address.
County Hillsborough
Latitude 27.939225
Longitude -82.470871
Market Area 33606 - Tampa / Davis Island/University of Tampa
Address Information
Address 505 S Delaware AVENUE, TAMPA, FL 33606
Postal Code 33606
City TAMPA
State FL
Country United States
Listing Information
Listing Office BHHS FLORIDA PROPERTIES GROUP
Listing Office Phone 813-933-1761
Listing Agent Kathryn Wingad
Listing Agent Phone 201-953-5745
Special listing conditions None
Ownership Fee Simple
Terms Cash, Conventional
Virtual Tour URL https://www.propertypanorama.com/instaview/stellar/TB8331171
School Information
Elementary School Gorrie-HB
Middle School Wilson-HB
High School Plant-HB
MLS® Information
Days on market 0
MLS® Status Active
Listing Date Feb 4, 2025
Listing Last Modified Feb 5, 2025
Tax ID A2329184SWC0000000000.6
Tax Year 2024
Tax Annual Amount 6515
MLS® Area 33606 - Tampa / Davis Island/University of Tampa
MLS® # TB8331171

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This information is believed to be accurate, but without any warranty.