$600,000
$799,900
25.0%For more information regarding the value of a property, please contact us for a free consultation.
4,412 SqFt
SOLD DATE : 10/11/2023
Key Details
Sold Price $600,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,412 sqft
Price per Sqft $135
Subdivision Kenilworth Grove Sub R
MLS Listing ID T3457814
Sold Date 10/11/23
Construction Status No Contingency
HOA Y/N No
Originating Board Stellar MLS
Year Built 1941
Annual Tax Amount $4,851
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 45x95
Property Description
Welcome to 501 W Idlewild, an exceptional income property opportunity located in the heart of Tampa, FL. This property offers tremendous potential for investors seeking a well-priced property that requires cosmetic work while benefitting from updated systems. With its prime location and solid infrastructure, this 5-unit building presents an enticing investment prospect in a thriving community.
Property Features:5 units, providing multiple income streams and excellent investment potential. Recently updated systems including plumbing, electrical, and HVAC, ensuring peace of mind for investors and tenants. Ample parking space for tenants and visitors. 2 stories with 4412 of interior space, offering spacious living areas in each unit. Additional rental income potential by optimizing common areas or implementing value-add strategies. Conveniently located near local amenities, entertainment venues, shopping centers, and public transportation options
Investment Highlights:
Income Potential: This property offers an incredible opportunity to generate steady rental income through its multiple units. With updated systems already in place, investors can focus on the cosmetic improvements necessary to increase rental rates and maximize returns on their investment.
Upside Potential: The property's need for cosmetic work presents an exciting chance to enhance its appeal and attract higher-quality tenants, potentially commanding premium rental rates. By leveraging their vision and expertise, investors can transform this property into a sought-after living space within the Tampa community.
Prime Location: Situated in a thriving area, this property provides tenants with convenient access to a variety of amenities, including parks, schools, shopping centers, and excellent public transportation options. The property's desirable location contributes to its long-term investment value.
Opportunity Knocks: Don't miss out on this income property that combines updated systems with cosmetic potential. Whether you are an experienced investor or a newcomer to the real estate market, 501 W Idlewild in Tampa, FL offers a fantastic opportunity to build wealth and enjoy the benefits of a passive income stream. Contact us today to schedule a viewing and explore the vast potential this property holds.
Location
State FL
County Hillsborough
Community Kenilworth Grove Sub R
Zoning SH-RS
Interior
Interior Features Window Treatments
Heating Central
Cooling Central Air
Fireplace false
Exterior
Exterior Feature Awning(s), Courtyard, Storage
Parking Features Driveway, On Street
Utilities Available Cable Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
View City
Roof Type Shingle
Porch Covered, Enclosed, Rear Porch
Garage false
Private Pool No
Building
Lot Description City Limits, Paved
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Construction Status No Contingency
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with KELLER WILLIAMS SOUTH TAMPA
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "