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STACY WEINGARTEN

stacy.weingarten@joinreal.com +1(941) 432-4141

$425,000

Est. payment - /mo

2 Beds

2 Baths

1,002 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,002 sqft

Price per Sqft $424

Subdivision Bungalow City

MLS Listing ID TB8501615

Bedrooms 2

HOA Y/N No

Year Built 1951

Annual Tax Amount $6,101

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type Duplex

Source Stellar MLS

Property Description

*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.

Location

State FL

County Hillsborough

Community Bungalow City

Area 33609 - Tampa / Palma Ceia

Zoning RM-16

Interior

Interior Features Ninguno

Heating Electric

Cooling Wall/Window Unit(s)

Fireplace false

Laundry None

Exterior

Exterior Feature Garden

Utilities Available Electricity Connected

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Asbestos

New Construction false

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

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Listed by Alexander Izikson RICHARD PETERS REALTY LLC

2801 W CLEVELAND ST Tampa, FL 33609

STACY WEINGARTEN

Key Details

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Exterior

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