BEDS8
BATHS
SQUARE FEET5,288
MLS#TB8407243
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONMUNRO & MC INTOSHS
Property Description
OPPORTUNITY ZONE: There are a total of 8 rental units in 4 buildings: 1 Single family-4 bedroom/2 bath, 2nd Single Family-2 bedroom/2 bath, 1 Apartment Building with 4 studio units plus TWO- 1 bedroom/1 bath units. Built in 1935, 1940, and 1946, these buildings reflect a rich history from a time when Tampa Heights blossomed into a vibrant community characterized by residential and commercial growth. Each unit and both homes are separately metered and tenants pay all utilities except water/sewer and small gas bill. This lot is 10,922 sq ft - zoned RM-24, and rich with redevelopment potential. Seller will consider financing with substantial down payment. This property has been treasured by the same family since 1960, serving as a beacon of hope and renewal for many. The owner has offered below-market rental rates, as a service in the community for the past 15 years. With some renovations, these stately residences have the potential to significantly increase the rental income.The property has great access on a corner and with an alley running along the north side. Conveniently located just a few blocks from Highland Park, the YMCA, Armature Works, and the scenic Tampa Riverfront Waterworks park, this property is also near Perry Harvey Sr. Park's skatepark, a variety of shopping options, entertainment hubs, fine dining, as well as cultural and artistic venues. With easy access to Downtown Tampa, Ybor City, and Tampa International Airport, the location is ideal for both residents and investors. The property's size and location present a unique development opportunity in one of Tampa Bay's fastest-growing neighborhoods. As the area's progress continues, opportunities like this are becoming increasingly rare. Seller will consider financing with favorable terms.Please respect the privacy of the current tenants-do not trespass or engage with them. Showings are available by appointment only, with a minimum 72-hour notice.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Garage: 1
Heating: Central, Ductless
Lot Size: 0.25 Acres
Roof Type: Metal, Shingle
Taxes: $6,712
Year Built: 1935
Amenities
Eat-in Kitchen
Private Mailbox
Feature Descriptions
Annual Net Income: 64405.00
Days on Site: 272
Directions: From W Columbus Dr, turn South on N Highland Ave. Property will be on the right.
Exterior: Block, Cement Siding
Flood Zone Code: X
Foundation: Crawlspace, Slab
Home Warranty Y/N: No
Listing Terms: Cash, Owner Financing, Private Financing Available
Lot: Corner Lot, Historic District, City Limits, Oversized Lot, Paved
Lot Dimensions: 0.25
Ownership: Fee Simple
Parking: Oversized, Parking Pad
Parking Notes: Oversized, Parking Pad
Pets Allowed: Yes
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Sewer: Public Sewer
Showing Instructions: Appointment Only, Call Listing Agent, No Lockbox
Special Sale Provisions: None
Units: 8
Utilities: BB/HS Internet Available, Cable Available, Public, Sewer Connected
Water: Public
Water Access Y/N: No
Zoning: RM-24
Local Schools
High School: Hillsborough-HB
Middle School: Madison-HB
Elementary School: Graham-HB
Listed By / Shown By
Listed By
Agency Name: LPT REALTY, LLC
Agency Contact: 877-366-2213
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
Estimate Your Payment
Estimated Payment
$ 4,080.94 per month $3,113.57 Principal & Interest $559.33 Property Tax $408.04 Homeowner's InsuranceChange Payment Information
2402 N Highland Avenue | MLS# TB8407243
This multi-family property located at 2402 N Highland Avenue, Tampa, FL 33602 is currently listed for sale with an asking price of $1,399,000. Search Tampa real estate on www.realtymarkllc.com today.