BEDS6
BATHS
SQUARE FEET3,162
MLS#TB8491887
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONBUNGALOW CITY
Property Description
*Attention Developers*: Extremely rare development opportunity to acquire two neighboring corner lots being sold together in one of South Tampa's fastest-growing corridors, just minutes from Hyde Park, Midtown, and Downtown Tampa. The owner's relocation presents a unique chance to secure two RM-16 zoned multifamily parcels totaling over 12,300 sqft at a compelling basis in a market where new construction townhomes are selling for 850k - 1.2m+ per unit. So what makes this opportunity so special? 1) Two parcels being sold together: 114 S Bungalow Park Ave and 2801 W Cleveland St, each approx. 0.14 acres with RM-16 multifamily zoning. 2) Three existing single and multifamily structures in fair condition, totaling 5 units. Consisting of: one 2 bed / 1 bath single-family home (1064 heated sqft), two duplexes (1 bed / bath units on each side, 4 beds total, 1092 & 1002 heated sqft respectively). 3) Prime potential redevelopment opportunity in a proven townhome corridor. Based on lot size and positioning, approval for 5 sizable townhomes is likely (buyer to verify). 4) Corner lot positioning enhances design flexibility, access, and end-product desirability. 5) Prime location, within the highly sought-after Mitchell-Wilson-Plant school district, and minutes from groceries, shopping, and the dining and nightlife Hyde Park Village, Midtown, Downtown Tampa, and Howard Avenue. Easy access to I-275, Tampa International Airport, University of Tampa, all of South Tampa's top amenities. Whether you're looking to redevelop into high-end townhomes, hold for rental income, or execute a phased development strategy, properties offering this level of location, density potential, and flexibility are exceptionally rare. Arborist Reports, MLS info sheets and property disclosures available. No assignable contracts accepted.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s)
Heating: Electric
Lot Size: 0.28 Acres
Roof Type: Shingle
Taxes: $15,735
Year Built: 1940
Amenities
Open Floorplan
None
Feature Descriptions
Annual Net Income: 0.00
Days on Site: 17
Directions: Head south on S Bungalow Park Ave toward W Cleveland St for approximately 0.07 miles. Destination will be on the left.
Exterior: Block, Frame
Fireplace: Masonry
Fireplace Y/N: Yes
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Lot Dimensions: 0.28
Other Equipment: None
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: Call Listing Agent
Special Sale Provisions: None
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: RM-16
Listed By / Shown By
Listed By
Agency Name: RICHARD PETERS REALTY LLC
Agency Contact: 352-448-9712
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
Estimate Your Payment
Estimated Payment
$ 4,080.21 per month $2,448.12 Principal & Interest $1,311.25 Property Tax $320.83 Homeowner's InsuranceChange Payment Information
114 S Bungalow Park Avenue | MLS# TB8491887
This multi-family property located at 114 S Bungalow Park Avenue, Tampa, FL 33609 is currently listed for sale with an asking price of $1,100,000. Search Tampa real estate on www.realtymarkllc.com today.