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Tamina Aratari

Compass Florida LLC

[email protected] +1(941) 286-9647

$ 1,750,000

Est. payment -/mo

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1720 W HILLS AVE Tampa, FL 33606

8 Beds

4 Baths

3,170 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,170 sqft

Price per Sqft $552

Subdivision Richardson Place

MLS Listing ID TB8363395

Bedrooms 8

HOA Y/N No

Originating Board Stellar MLS

Year Built 1903

Annual Tax Amount $15,141

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions 60x125

Property Sub-Type Quadruplex

Property Description

This rare, turnkey four-unit boutique-style apartment building is perfectly positioned just steps from the beautiful waterfront on Bayshore Blvd and restaurants and shopping in Hyde Park Village. An exceptional investment, this property is projected to make $134,400 in gross rental income (see attachments for details on income & expenses) — three units are leased at $2,400 per month, with lease terms ending on January 31st, 2026, February 28th, 2026, and March 31st, 2026. The fourth unit operates as a successful Airbnb, bringing in approximately $4,000 per month, offering the perfect blend of long-term stability and short-term rental flexibility. Located in one of South Tampa's most desirable neighborhoods, this property provides steady cash flow, strong rental demand, and future appreciation potential—all with NO HOA, NO flood zone, and zoning for top-rated schools. Originally built at the turn of the century, this stunning historic gem has been thoughtfully restored to preserve its character while incorporating modern upgrades. The property is a noncontributory parcel in historic Hyde Park, which means the owner is able to develop the property however they see fit without historic regulations. Recent prior renovations include new windows, refinished hardwood floors, all four new central HVAC (2022-2024), washer/dryer for each unit (private in-unit for upper units & community for lower), dishwashers in each unit, newer appliances, updated cabinetry, fresh paint, upgraded plumbing & electrical, and a newer roof (2020). Each spacious 2-bedroom, 1-bath unit (approximately 793 sq. ft.) boasts unique features, with some units featuring a Florida bonus room, second bedroom option, or private balcony. A rare find in Hyde Park, the property sits on a deep lot that accommodates 6 off-street parking spaces. Situated just minutes from Hyde Park Village, Bayshore Blvd, SoHo, the University of Tampa, Downtown Tampa, Tampa International Airport, and Tampa General Hospital, this location is unbeatable. With Tampa's continued growth, including major development projects like Water Street Tampa, this is an ideal value-add opportunity for an investor looking to capitalize on a prime mix of short-term and long-term rental income.

Location

State FL

County Hillsborough

Community Richardson Place

Zoning RS-60

Interior

Interior Features Other

Heating Central

Cooling Central Air

Fireplace false

Appliance Dishwasher, Range, Refrigerator, Washer

Laundry In Kitchen, Outside

Exterior

Exterior Feature Other

Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Roof Type Shingle

Garage false

Private Pool No

Building

Entry Level One

Foundation Crawlspace

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Asbestos

New Construction false

Schools

Elementary Schools Mitchell-Hb

Middle Schools Wilson-Hb

High Schools Plant-Hb

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8363395

Listed by KELLER WILLIAMS SOUTH TAMPA

Tamina Aratari

Agent | License ID: SL3154468

+1(941) 286-9647

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Punta Gorda, FL

Tamina Aratari

1720 W HILLS AVE Tampa, FL 33606

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1720 W HILLS AVE