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Property
Beds
2
Full Baths
None
1/2 Baths
None
Year Built
1951
Sq.Footage
1,002
*Being sold along with neighboring corner-lot property, 114 S Bungalow Park Ave* Attention Developers, Investors, and Savvy Owner Occupants: Rare opportunity to acquire a multifamily-zoned parcel with an existing duplex in one of South Tampa’s most centrally located and fastest growing corridors, just minutes from Hyde Park, Midtown, and Downtown Tampa. The owner’s retirement presents a unique chance to secure a 6,150 sq ft (0.14 acre) RM-16 lot with significant value-add and redevelopment potential in a proven townhome corridor. So what makes this one so special? 1) Existing side-by-side duplex totaling 1,002 heated sq ft, with two 1 bed / 1 bath units. 2) The units require renovation and TLC. Latest improvements from recent years include plumbing completely redone in 2024 and a roof less than 5 years old. A/C is provided via wall units. 3) Large yard / lot footprint at 6,150 sq, enhancing future tenant appeal and providing additional flexibility for future design and redevelopment. 4) Development upside: RM-16 zoning supports multifamily redevelopment. Based on lot size and location, strong potential for future townhome development. 5) Corner lot positioning, enhancing access, design flexibility, and end-product desirability. 6) Prime South Tampa location, located within the highly sought-after Mitchell-Wilson-Plant school district and minutes from Hyde Park Village, Midtown, Downtown Tampa, and Howard Ave. Easy access to I-275, Tampa International Airport, and the University of Tampa. Additional opportunity: Seller is also offering the neighboring parcel at 114 S Bungalow Park Ave. Purchase both properties together for a combined 12,300 sq ft of land and 5 total units, maximizing development scale, layout flexibility, and long-term upside. Whether you're looking to renovate and reposition for long-term cash flow, or redevelop into a high-end product, opportunities like this in core South Tampa are increasingly rare. Easy to show. No HOA/CDD. Arborist Reports, MLS info sheets and property disclosures available. No assignable contracts accepted.
Features & Amenities
Interior
-
Total Bedrooms
2
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Wall/Window Unit(s)
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Asbestos
-
Other Exterior Features
Garden
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.14
-
Lot Size(square feet)
6150.0
-
Property Type
Residential Income
-
Property Sub Type
Duplex
Price
-
Sales Price
$425,000
-
Tax Amount
$6,101
-
Sq. Footage
1, 002
-
Price/SqFt
$424
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
10
-
Water Source
Public
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Location
County
Hillsborough
Elementary School
Middle School
High School
Listing Courtesy of Alexander Izikson , RICHARD PETERS REALTY LLC
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Emil Garinga
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