$259,000

Description

INVESTOR, BUILDER & BUNGALOW OPPORTUNITY IN TAMPA! Located in an area experiencing continued redevelopment, this tenant-occupied 2-bedroom, 1-bath bungalow offers a unique opportunity for investors, builders, or buyers who appreciate the character of Tampa’s older homes. Built in 1908, the existing bungalow offers the opportunity to preserve and renovate its historic character, continue to hold the property as a rental, or explore the property's redevelopment potential. Situated on an approximately 5,125-square-foot lot with RM-16 zoning, the property provides an exciting opportunity in an area where new construction and beautifully renovated homes continue to transform the neighborhood. Newer construction nearby has achieved sales in the $500,000–$600,000+ range, including a sale in the upper $600,000s on a similarly sized lot nearby, demonstrating the potential value of a well-designed finished product. Final resale value will depend on size, design, finishes, market conditions, and other factors. Conveniently located near historic Ybor City, Downtown Tampa, major roadways, dining, entertainment, and employment centers. Tenant occupied on a month-to-month tenancy. Please do not disturb tenant. Showings by appointment only. If buyer requests the property to be delivered vacant, Seller may require up to 60 days to provide possession without the tenant. Buyer and buyer's agent are responsible for verifying zoning, lot dimensions, redevelopment potential, allowable uses, building requirements, permitting, and all information with the City of Tampa.