Address: 114 Bungalow Park Avenue, TAMPA, FL 33609
Description
*Being sold along with neighboring corner lot property, 2801 W Cleveland St* Attention Developers, Investors, and Savvy Owner Occupants: Rare opportunity to acquire a multifamily zoned parcel with existing structures in one of South Tampas most centrally located and fastest growing corridors, just minutes from Hyde Park, Midtown, and Downtown Tampa. The owners retirement presents a unique chance to secure a 6,150 sq ft (0.14 acre) RM 16 lot with significant value add and redevelopment potential in a proven townhome corridor. So what makes this one so special? 1) Two buildings, total of 3 units on one lot: The property features a 2/1 single family home (1,064 heated sq ft) and a two story duplex with one 1/1 unit on each floor (1,096 heated sq ft total). 2) Value add opportunity, all units requiring renovation, offering investors the ability to increase overall asset value. Some work on the properties in recent years include: The single family home features a newer roof (2020) and recent plumbing and electrical updates within the past 2 years, along with minor hurricane related repairs. Has central air. The duplex has a roof less than 5 years old, electrical updated 2 years ago, and plumbing updated 1.5 years ago, with A/C provided via wall units. 3) Separately metered water, simplifying future management and rental efficiency. 4) Development upside: RM 16 zoning supports multifamily redevelopment. Based on lot size and location, strong potential for future townhome development. 5) Prime South Tampa location: Located within the highly sought after Mitchell Wilson Plant school district and minutes from Hyde Park Village, Midtown, Downtown Tampa, and Howard Ave. Easy access to I 275, Tampa International Airport, and the University of Tampa.
Additional opportunity: Seller is also offering the neighboring corner lot with an existing duplex. See 2801 W Cleveland St. Purchase both for a combined 12,300 sq ft of land and 5 total units, maximizing development scale, design flexibility, and long term upside.
Whether you're looking to renovate and reposition for long term cash flow, or redevelop into a high end product, opportunities like this in core South Tampa are increasingly rare. Easy to show. No HOA/CDD. Arborist Reports, MLS info sheets and property disclosures available. No assignable contracts accepted.
*Being sold along with neighboring corner lot property, 2801 W Cleveland St* Attention Developers, Investors, and Savvy Owner Occupants: Rare opportunity to acquire a multifamily zoned parcel with existing structures in one of South Tampas most centrally located and fastest growing corridors, just minutes from Hyde Park, Midtown, and Downtown Tampa. The owners retirement presents a unique chance to secure a 6,150 sq ft (0.14 acre) RM 16 lot with significant value add and redevelopment potential in a proven townhome corridor. So what makes this one so special? 1) Two buildings, total of 3 units on one lot: The property features a 2/1 single family home (1,064 heated sq ft) and a two story duplex with one 1/1 unit on each floor (1,096 heated sq ft total). 2) Value add opportunity, all units requiring renovation, offering investors the ability to increase overall asset value. Some work on the properties in recent years include: The single family home features a newer roof (2020) and recent plumbing and electrical updates within the past 2 years, along with minor hurricane related repairs. Has central air. The duplex has a roof less than 5 years old, electrical updated 2 years ago, and plumbing updated 1.5 years ago, with A/C provided via wall units. 3) Separately metered water, simplifying future management and rental efficiency. 4) Development upside: RM 16 zoning supports multifamily redevelopment. Based on lot size and location, strong potential for future townhome development. 5) Prime South Tampa location: Located within the highly sought after Mitchell Wilson Plant school district and minutes from Hyde Park Village, Midtown, Downtown Tampa, and Howard Ave. Easy access to I 275, Tampa International Airport, and the University of Tampa.
Additional opportunity: Seller is also offering the neighboring corner lot with an existing duplex. See 2801 W Cleveland St. Purchase both for a combined 12,300 sq ft of land and 5 total units, maximizing development scale, design flexibility, and long term upside.
Whether you're looking to renovate and reposition for long term cash flow, or redevelop into a high end product, opportunities like this in core South Tampa are increasingly rare. Easy to show. No HOA/CDD. Arborist Reports, MLS info sheets and property disclosures available. No assignable contracts accepted.
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: None
Living Area: 3162.00
Roof: Shingle
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 1.00
Cooling: Wall/Window Unit(s)
Heating: Electric
Sewer: Public Sewer
Utilities: Electricity Connected, Sewer Connected, Water Connected
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