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Multi Family 10 bedrooms - CUNNINGHAM for Sale

N, TAMPA, FL 33603

Asking Price$1,500,000

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  • Days on market:

    1 day(s)
  • Original Price:

    $1,500,000
  • Price per sqft:

    $232.38
  • Tax Legal Description:

    CUNNINGHAM W 203 FT OF LOT 1 LOT 2 AND A STRIP OF LAND 18.64 FT WIDE LYING E OF LOT 2
  • Tax Year:

    2024
  • Property Type:

    Multi Family
  • Parking:

    OpenOff Street
  • Elementary School:

    Broward-HB
  • Middle School:

    Memorial-HB
  • Senior High School:

    Hillsborough-HB
  • Lease Term Remaining:

    12 Months
  • Construction Type:

    StuccoBlockWood FrameAsbestos
  • Roof:

    ShingleMembrane
  • Cooling Description:

    Central AirWall/Window Unit(s)
  • Heating Description:

    Space HeaterElectricCentralWall Units / Window Unit
  • Floor Description:

    Carpet Tile Hardwood
  • Interior Features:

    Ceiling Fan(s)
  • Exterior Features:

    CourtyardBalcony SidewalkPrivate Mailbox Fenced
  • Special Listing Conditions:

    None

Description

$1,500,000 • ten bedroom(s) • living size area 6455 sqft

This is a unique investment opportunity in the heart of tampa's historic seminole heights neighborhood. the combined properties at 5113 and 5115 n central ave span approximately 0.8 acres, making it one of the largest residential and multi-family lots in the area. currently, the property features nine units, including two single-family homes, with the potential to convert an existing storage unit into an additional apartment, increasing rental income. it is currently self-managed with below-market rents, presenting significant upside potential through value-add improvements. the property consists of eight 1 bedroom 1 bath and one 2 bedroom 1 bath units and has steady demand. seminole heights is known for its historic charm, early 20th-century bungalows, tree-lined streets, and a vibrant community filled with trendy restaurants, breweries, and boutiques. as the neighborhood continues to grow in popularity and value, this expansive lot offers both immediate income and long-term appreciation potential. don't miss out on this exceptional opportunity to own a prime asset in one of tampa's most sought-after areas. the property has 6 buildings, consisting of 4 duplexes and 2 stand alone homes. future land use r-20

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