Property
Beds
6
Full Baths
None
1/2 Baths
None
Year Built
1940
Sq.Footage
3,162
*Attention Developers*: Extremely rare development opportunity to acquire two neighboring corner lots being sold together in one of South Tampa’s fastest-growing corridors, just minutes from Hyde Park, Midtown, and Downtown Tampa. The owner’s relocation presents a unique chance to secure two RM-16 zoned multifamily parcels totaling over 12,300 sqft at a compelling basis in a market where new construction townhomes are selling for 850k - 1.2m+ per unit. So what makes this opportunity so special? 1) Two parcels being sold together: 114 S Bungalow Park Ave and 2801 W Cleveland St, each approx. 0.14 acres with RM-16 multifamily zoning. 2) Three existing single and multifamily structures in fair condition, totaling 5 units. Consisting of: one 2 bed / 1 bath single-family home (1064 heated sqft), two duplexes (1 bed / bath units on each side, 4 beds total, 1092 & 1002 heated sqft respectively). 3) Prime potential redevelopment opportunity in a proven townhome corridor. Based on lot size and positioning, approval for 5 sizable townhomes is likely (buyer to verify). 4) Corner lot positioning enhances design flexibility, access, and end-product desirability. 5) Prime location, within the highly sought-after Mitchell-Wilson-Plant school district, and minutes from groceries, shopping, and the dining and nightlife Hyde Park Village, Midtown, Downtown Tampa, and Howard Avenue. Easy access to I-275, Tampa International Airport, University of Tampa, all of South Tampa’s top amenities. Whether you're looking to redevelop into high-end townhomes, hold for rental income, or execute a phased development strategy, properties offering this level of location, density potential, and flexibility are exceptionally rare. Arborist Reports, MLS info sheets and property disclosures available. No assignable contracts accepted.
Features & Amenities
Interior
-
Other Interior Features
Open Floorplan
-
Total Bedrooms
6
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Wall/Window Unit(s)
-
Fireplace YN
YES
-
Heating YN
YES
-
Heating
Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block, Frame
-
Other Exterior Features
None
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.28
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
Price
-
Sales Price
$1,100,000
-
Tax Amount
$15,735
-
Sq. Footage
3, 162
-
Price/SqFt
$347
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
15
-
Water Source
Public
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Location
County
Hillsborough
Elementary School
Middle School
High School
Listing Courtesy of Alexander Izikson , RICHARD PETERS REALTY LLC
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