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Amr Karar

amr@sarasotahomesnlifestyle.com +1(941) 400-9166

$ 695,000

Est. payment -/mo

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Active

114 S BUNGALOW PARK AVE Tampa, FL 33609

4 Beds

3 Baths

2,160 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,160 sqft

Price per Sqft $321

Subdivision Bungalow City

MLS Listing ID TB8491887

Bedrooms 4

HOA Y/N No

Year Built 1940

Annual Tax Amount $15,735

Lot Size 0.280 Acres

Acres 0.28

Lot Dimensions 50x123

Property Sub-Type Quadruplex

Source Stellar MLS

Property Description

*Being sold along with neighboring corner-lot property, 2801 W Cleveland St* Attention Developers, Investors, and Savvy Owner Occupants: Rare opportunity to acquire a multifamily-zoned parcel with existing structures in one of South Tampa's most centrally located and fastest growing corridors, just minutes from Hyde Park, Midtown, and Downtown Tampa. The owner's retirement presents a unique chance to secure a 6,150 sq ft (0.14 acre) RM-16 lot with significant value-add and redevelopment potential in a proven townhome corridor. So what makes this one so special? 1) Two buildings, total of 3 units on one lot: The property features a 2/1 single-family home (1,064 heated sq ft) and a two-story duplex with one 1/1 unit on each floor (1,096 heated sq ft total). 2) Value-add opportunity, all units requiring renovation, offering investors the ability to increase overall asset value. Some work on the properties in recent years include: The single-family home features a newer roof (2020) and recent plumbing and electrical updates within the past 2 years, along with minor hurricane-related repairs. Has central air. The duplex has a roof less than 5 years old, electrical updated 2 years ago, and plumbing updated 1.5 years ago, with A/C provided via wall units. 3) Separately metered water, simplifying future management and rental efficiency. 4) Development upside: RM-16 zoning supports multifamily redevelopment. Based on lot size and location, strong potential for future townhome development. 5) Prime South Tampa location: Located within the highly sought-after Mitchell-Wilson-Plant school district and minutes from Hyde Park Village, Midtown, Downtown Tampa, and Howard Ave. Easy access to I-275, Tampa International Airport, and the University of Tampa.
Additional opportunity: Seller is also offering the neighboring corner lot with an existing duplex. See 2801 W Cleveland St. Purchase both for a combined 12,300 sq ft of land and 5 total units, maximizing development scale, design flexibility, and long-term upside.
Whether you're looking to renovate and reposition for long-term cash flow, or redevelop into a high-end product, opportunities like this in core South Tampa are increasingly rare. Easy to show. No HOA/CDD. Arborist Reports, MLS info sheets and property disclosures available. No assignable contracts accepted.

Location

State FL

County Hillsborough

Community Bungalow City

Area 33609 - Tampa / Palma Ceia

Zoning RM-16

Interior

Interior Features Open Floorplan

Heating Electric

Cooling Wall/Window Unit(s)

Fireplaces Type Masonry

Fireplace true

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Exterior Feature None

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block,Frame

New Construction false

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

Listed by Alexander Izikson RICHARD PETERS REALTY LLC

Amr Karar

114 S BUNGALOW PARK AVE Tampa, FL 33609

Key Details

Location

Interior

Exterior

Building

Others

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114 S BUNGALOW PARK AVE