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727-415-4982
Real Estate Company
505 S Delaware Avenue, Tampa, FL 33606
- $550,000
- 2
- BD
- 2
- BA
- 1,659
- SqFt
- Sold Price
- $550,000
- List Price
- $610,000
- Status
- Sold
- Days on Market
- 50
- Closing Date
- Apr 21, 2025
- MLS#
- TB8331171
- Property Style
- Single Family
- Architectural Style
- Craftsman
- Year Built
- 1919
- Bedrooms
- 2
- Bathrooms
- 2
- Living Area
- 1,659
- Lot Size
- 3,200
- Acres
- 0.07
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Baywood
- MLS Area Major
- Tampa / Davis Island/University of Tampa
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.
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Additional Information
- Taxes
- $6515
- Minimum Lease
- No Minimum
- Location
- Historic District, City Limits, In County, Level, Paved
- Community Features
- Park, Sidewalks, Street Lights, No Deed Restriction
- Property Description
- Split Level
- Zoning
- RM-16
- Interior Layout
- Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan
- Interior Features
- Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan
- Floor
- Other
- Appliances
- None
- Utilities
- BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Available
- Heating
- Electric, Heat Pump
- Air Conditioning
- Central Air, Zoned
- Fireplace Description
- Family Room, Wood Burning
- Exterior Construction
- Frame, Wood Siding
- Exterior Features
- Lighting, Sidewalk
- Roof
- Shingle
- Foundation
- Pillar/Post/Pier
- Pool
- No Pool
- Elementary School
- Gorrie-Hb
- Middle School
- Wilson-Hb
- High School
- Plant-HB
- Flood Zone Code
- X
- Parcel ID
- A-23-29-18-4SW-C00000-00000.6
- Legal Description
- BAYWOOD N 40 FT OF E 80 FT OF S 1/2 OF BLOCK C
Listing courtesy of BHHS FLORIDA PROPERTIES GROUP. 813-908-8788
Selling Office: LPT REALTY, LLC.Mortgage Calculator
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