$375,000
House
For Sale
Closed at $375,000
$337.53/sf
Closed - House for sale
Note: This property is not currently for sale or for rent on beycome. The description below may be from a previous listing.
Investor's Dream: Prime Multi-Family Teardown Opportunity in Vibrant Tampa, Florida Discover an exceptional investment opportunity in the heart of Tampa with this prime multi-family teardown property. Boasting coveted zoning for multi-family development, this strategically located corner unit is ready for your architectural vision. The lot offers a blank canvas for redevelopment, allowing you to create a lucrative residential haven in Florida's most dynamic city. With a rapid increase in demand for multi-family housing in the Tampa market, this property presents a golden opportunity to capitalize on the city's economic expansion. Enjoy proximity to major highways, shopping, and recreational amenities, enhancing the appeal of your future development. Located within minutes of downtown and a short walk from Armature Works, residents will have easy access to parks, shopping centers, dining options, and the vibrant cultural scene that Tampa offers. The potential After Repair Value (ARV) for this property is estimated to be between $1.6 million and $1.8 million, reflecting the robust real estate market in the area. This projection underscores the substantial return on investment awaiting the savvy investor/developer. Additional Information: The property is a corner unit with a lot size of .13 acres, and the zoning is designated for Multi-Family Residential use. The lot is already plumbed for sewer, water & electricity, ensuring convenience for future development. Don't miss out on this chance to secure a solid return on investment.
MLS: #O6160121
* School data provided by National Center for Education Statistics, and GreatSchools. Intended for reference only. The GreatSchools Rating is based on a variety of school quality indicators, including test scores, college readiness, and equity data. To verify enrollment eligibility, contact the school or district directly.
What will my commute be?
Status: Closed
Listed Date: 11/24/2023
Days On Market: 430
Lot Size (Acres): 0.13
Lot Size (Square Feet): 5662.8
Availability Date: 2023-11-25
Year Built: 1927
Parcel Number: A1229184R6000002000060