505 S DELAWARE AVENUE, TAMPA FL 33606

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$610,000

505 S DELAWARE AVENUE, TAMPA, FL 33606

bedrooms

bathrooms

square feet

1,659

Acreage

0.07

Open Houses

year built

1919

Full Baths

Half Baths

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Step into this charming historical duplex in the heart of Hyde Park's sought-after historic district. Built in 1919, this property has already undergone essential updates, including modern plumbing, electrical, structural reinforcements, and a new roof, providing peace of mind for future development. The biggest expenses have been completed, so it just needs someone take it the rest of the way to completion! Currently configured as two 1-bedroom, 1-bath units, this property offers flexibility for a variety of investment strategies. With its prime location, just a short walk from Bayshore Boulevard, the Hyde Park Village shopping and dining district, and a variety of entertainment options. This duplex is perfectly positioned for high-demand rental income, whether through long-term leases, or a short term vacation rental. The top-floor unit features a bonus room, offering potential to convert the layout into a 2-bedroom, 1-bath upstairs and a 1-bedroom, 1-bath downstairs, or even a spacious single-family home. The lot includes space for convenient rear parking with alley access, adding to its appeal as a rental or residence. Situated on a cleared lot in the heart of the city, this property is not only a promising investment but also a rare opportunity to own a piece of Tampa's history. The potential ARV exceeds $1.2 million, with an estimated 0.13 ROI for long-term rentals, and even greater returns possible through short-term rentals. Don't miss out on this unique opportunity to invest in one of Tampa's most desirable neighborhoods.

Location
Subdivision	BAYWOOD
County	Hillsborough
Elementary School	Gorrie-HB
Middle School	Wilson-HB
High School	Plant-HB

Driving directions

Open houses

None scheduled.

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MLS number: TB8331171

Listing agent: Kathryn Wingad #3384468

Listing broker: Berkshire Hathaway Florida Properties Group

Last update: Thursday, February 6 2025 at 4:57 p.m. EST

Kotohomes National