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

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