505 S DELAWARE AVE Active Save Request In-Person Tour Request Virtual Tour
Tampa,FL 33606
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,659 sqft
Price per Sqft $367
Subdivision Baywood
MLS Listing ID TB8331171
Bedrooms 2
Full Baths 2
Year Built 1919
Annual Tax Amount $6,515
Lot Size 3,049 Sqft
Property Sub-Type Single Family Residence
Property Description
Step into this charming historical duplex in the heart of Hyde Park's sought-after historic district. Built in 1919, this property is mid renovation, but has already undergone essential updates, including new plumbing, electrical, structural reinforcements, HVAC system, 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.
Location
State FL
County Hillsborough
Community Baywood
Zoning RM-16
Interior
Heating Electric,Heat Pump
Cooling Central Air,Zoned
Flooring Other
Fireplaces Type Family Room,Wood Burning
Laundry Inside,Laundry Room
Exterior
Exterior Feature Lighting,Sidewalk
Community Features Park,Sidewalks
Utilities Available BB/HS Internet Available,Cable Available,Electricity Connected,Phone Available,Sewer Connected,Street Lights,Water Available
View Garden
Roof Type Shingle
Building
Lot Description Historic District,City Limits,In County,Level,Paved
Story 2
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
Structure Type Wood Frame,Wood Siding
New Construction false
Schools
Elementary Schools Gorrie-Hb
Middle Schools Wilson-Hb
High Schools Plant-Hb
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8331171