Pending
505 S DELAWARE AVE
TAMPA FL, 33606
$610,000
$367.69 per sqft
Pending
2 Beds
2 Baths
1,659 sqft
Residential
Built in 1919
Under contract-accepting backup offers. 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. MULTIPLE OFFERS, HIGHEST AND BEST DUE BY TUES 2/11 9AM
TB8331171
MLSⓇ ID
February 4, 2025
Listed
February 12, 2025
Updated
Interior Features
Total Stories
2
Bedrooms
2
Total Bathrooms
2
Full Bathrooms
2
Interior Features
Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan
Appliances
None
Laundry Description
Inside, Laundry Room
Floor Description
Other
Fireplace
Yes
Fireplace Description
Family Room, Wood Burning
Cooling
Yes
Cooling Description
Central Air, Zoned
Heating
Yes
Heating Description
Electric, Heat Pump
Exterior/Building Features
Lot Size
0.07 Acres
Exterior Features
Lighting, Sidewalk
Lot Features
Historic District, City Limits, In County, Level, Paved
Architectural Style
Craftsman
Roof
Shingle
Sewer
Public Sewer
Patio And Porch
Covered, Enclosed, Front Porch
School Information
High School
Plant-HB
Elementary School
Gorrie-HB
Other Property Details
Area Name
33606 - Tampa / Davis Island/University of Tampa
Taxes
$6,515
Tax Frequency
Annually
Days on Market
8
Association Fee Frequency
Monthly
Garage
No
View
Yes
View Description
Garden
County
Hillsborough
Municipality
29
Water Source
Public
Pool
No
Utilities
BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Sewer Connected, Street Lights, Water Available
Zoning
RM-16
Listing History
Date | Event | Price |
---|---|---|
2/12/2025 | Pending | — |
Listed by BHHS FLORIDA PROPERTIES GROUP
Listing Contact: 813-908-8788
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Data last updated 2/12/2025, 11:54 PM UTC