1804 E 138th Avenue, Tampa, FL 33613

Description

INCREDIBLE OPPORTUNITY!! There is so much going on with this one and so many potential exit strategies, I will try to cover it all.. This property is located in UNINCORPORATED HILLSBOROUGH COUNTY and zoned Residential Multi-family Commercial -20. It is a 5-minute drive to the University of South Florida (USF) and 15-20 minutes away from Downtown Tampa, Tampa International Airport, Ybor City, and Tampa's Riverwalk area. This house needs a full remodel or re-developed. Hillsborough County has it designated as a Residential Single Family, however, the property has two units and two separate electric meters. According to the Tampa Electric Company, they have it listed as Unit A and Unit. DEVELOPERS, The house sits on the east side of the half-acre lot. After reviewing the county setback requirements and a land survey, there is a potential to split the lot. There is a play here with developing the second lot or scraping the lot and starting from scratch. Because of the zoning, you could consider going multi-family or splitting into multiple single-family lots. LANDLORDS, the 1550 sqft house is currently split into two units and the electricity is already metered separately. The main house is 4 Bed 2 Bath and the second unit is 1 Bed 1 Bath. , with a facelift, renting both units out would generate great income. Being located in Unincorporated Hillsborough County, there is a short-term rental potential as well! FLIPPERS, this house has good bones. With a tasty remodel, this property can be re-sold for a decent profit. The second unit's kitchen is currently not considered under heated square footage and could be an easy value add. As I mentioned above, the lot is huge and the setbacks also open up the opportunity to split the lot and make money on the land! Please do your own due diligence. **Work will continue to be done on this property, and the price will be adjusted accordingly.

Listed by Moe Mossa, .