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505 S DELAWARE AVENUE, TAMPA, FL 33606
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$610,000
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Home Details for 505 S DELAWARE AVENUE
Price
$610,000
Type
Single Family
Bedrooms
2
Total Bathrooms
2
Full Bathrooms
2
Year Build
1919
Sq. Ft.
1659
Lot Size
0.07
County
Hillsborough
Total Rooms
6
Tax
$6,515.07
MLS®️ Listing#
TB8331171
On exitrealty.com
272 days
Property Description
Under contract-accepting backup offers. Step into this charming historical duplex in the heart of Hyde Park's sought-after historic district. Built in 1919, this property is mid renovation, but has already undergone essential updates, including new plumbing, electrical, structural reinforcements, HVAC system, 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.
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- Utilities
- Cable Available
- Electricity Connected
- Phone Available
- Sewer Connected
- Water Available
- Cooling Information
- Central Air
- Zoned
- Heating Information
- Electric
- Heat Pump
- House Interior
- Eat-in Kitchen
- Open Floorplan
- Fire Place
- Family Room
- Wood Burning
- Water Features
- Public
School Information
School Information for 505 S DELAWARE AVENUE
Elementary School
Gorrie-HB
Middle School
Wilson-HB
High School
Plant-HB
Listing Courtesy: BHHS FLORIDA PROPERTIES GROUP - 813-908-8788
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2025 MLS GRID. All Rights Reserved.
Last Updated: 2025-04-12 08:46:19
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