505 DELAWARE AVENUE TAMPA FL 33606 Sold 04/21/2025

Overview of 505 S Delaware Ave

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.

This lovely single family home was built in 1919 and features 2 bedrooms, and 2 full bathrooms. This home for sale is 1,944 square feet, with 1,659 sq ft being air conditioned living space. The home has a does not have a private swimming pool.

Directions to this property are as follows: From Fl-618/selmon Expressway, Take Exit 4 Toward Willow Ave, Turn Left Onto W Cleveland St, Turn Left Onto S Willow Ave, Turn Left On Platt St, Turn Right Onto S Delaware Ave To Address.

Please contact your ZFC agent for more information about MLS# MFRTB8331171 or any other homes for sale in Tampa or elsewhere in the Hillsborough County area.