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$610,000

Est. payment - /mo

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2 BD

2 BA

1,659 SqFt

New

505 S DELAWARE AVE Tampa, FL 33606

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Tonna Gruber

tonna@tonna-realtor.com +1(941) 232-8950

UPDATED:

02/05/2025 08:17 AM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,659 sqft

Price per Sqft $367

Subdivision Baywood

MLS Listing ID TB8331171

Bedrooms 2

Full Baths 2

HOA Y/N No

Originating Board Stellar MLS

Year Built 1919

Annual Tax Amount $6,515

Lot Size 3,049 Sqft

Acres 0.07

Lot Dimensions 40x80

Property Description

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.

Location

State FL

County Hillsborough

Community Baywood

Zoning RM-16

Interior

Interior Features Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan

Heating Electric, Heat Pump

Cooling Central Air, Zoned

Flooring Other

Fireplaces Type Family Room, Wood Burning

Furnishings Unfurnished

Fireplace true

Appliance None

Laundry Inside, Laundry Room

Exterior

Exterior Feature Lighting, Sidewalk

Community Features Park, Sidewalks

Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Sewer Connected, Street Lights, Water Available

View Garden

Roof Type Shingle

Porch Covered, Enclosed, Front Porch

Garage false

Private Pool No

Building

Lot Description Historic District, City Limits, In County, Level, Paved

Story 2

Entry Level Multi/Split

Foundation Pillar/Post/Pier

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Architectural Style Craftsman

Structure Type Wood Frame,Wood Siding

New Construction false

Schools

Elementary Schools Gorrie-Hb

Middle Schools Wilson-Hb

High Schools Plant-Hb

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by BHHS FLORIDA PROPERTIES GROUP

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Tonna Gruber

Agent | License ID: 3146072

+1(941) 232-8950

505 S DELAWARE AVE Tampa, FL 33606

Tonna Gruber

Key Details

Location

Interior

Exterior

Building

Schools

Others

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505 S DELAWARE AVE