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$875,000

Est. payment - /mo

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5 BD

5 BA

2,979 SqFt

Price Dropped by $10K

5208 N SUWANEE AVE Tampa, FL 33603

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Kim Ridge

kimridgerealtor@gmail.com +1(302) 542-9436

UPDATED:

10/18/2024 08:47 AM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,979 sqft

Price per Sqft $293

Subdivision Seminole Heights Of North Tamp

MLS Listing ID T3532202

Bedrooms 5

Full Baths 5

HOA Y/N No

Originating Board Stellar MLS

Year Built 1914

Annual Tax Amount $2,331

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions 56x132

Property Description

CASH COW! Fully vacant and ready to hand select your tenants! Discover a truly unique investment opportunity in the heart of Seminole Heights! Don't pay for your home, let your home pay for you! This charming 2-bedroom, 2-bathroom home spans 1,254 square feet and is brimming with character, having stood the test of time for over 100 years. Enjoy mornings on the expansive front porch, complete with a cozy porch swing. Inside, you’ll find original hardwood floors, an oversized fireplace, two separate living areas, and a spacious dining room featuring a historic built-in hutch. The fully remodeled kitchen is a chef’s dream, boasting top-of-the-line stainless steel appliances, including a gas range, quartz countertops, a pot filler, and stunning stained glass windows. What truly sets this property apart is the fully finished 669-square-foot studio apartment in the basement—one of the very few homes in Tampa with this feature! Whether you choose to rent it out to help cover your mortgage or use it as an in-law suite, this basement apartment offers incredible flexibility. But that’s not all! The property also includes a detached duplex apartment building in the back, featuring two 1-bedroom, 1-bathroom units, each over 500 square feet. These units are ready to rent at $1,200 per month $1,500 per month, $1,600 per month, and $2,800 per month! providing a significant boost to your mortgage payments. The main home has seen numerous upgrades, including new plumbing in 2006 and a new main water line in 2008, new electric in 2006, a new roof in 2016, and restored original wood windows by a master carpenter in 2009. The duplex has also been well-maintained, with foundation work completed in 2005, a brand new roof over the duplex in May of 2024 the upstairs unit remodeled in 2020, central air and heat installed in 2022, and the downstairs unit remodeled in 2016. This property is a rare gem in a vibrant neighborhood, offering both historical charm and modern amenities. Don’t miss your chance to own a piece of Seminole Heights with incredible income potential! Home has also recently been tented and comes with a fully transferable warranty!

Location

State FL

County Hillsborough

Community Seminole Heights Of North Tamp

Zoning SH-RS

Rooms

Other Rooms Interior In-Law Suite w/Private Entry

Interior

Interior Features Other

Heating Central

Cooling Central Air

Flooring Wood

Fireplace true

Appliance Dishwasher, Microwave, Range, Range Hood, Refrigerator

Laundry None

Exterior

Exterior Feature Other

Utilities Available Other

Waterfront false

Roof Type Shingle

Garage false

Private Pool No

Building

Story 1

Entry Level Multi/Split

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Architectural Style Bungalow

Structure Type Wood Frame

New Construction false

Others

Pets Allowed Yes

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition None

Listed by FRANK ALBERT REALTY

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Kim Ridge

Broker Associate | License ID: BK3459443

+1(302) 542-9436

Kim Ridge

5208 N SUWANEE AVE Tampa, FL 33603

Kim Ridge

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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5208 N SUWANEE AVE