Discover a desirable double lot opportunity in Tampa's prime Grant Park neighborhood! This offering includes Lots 19 & 20, totaling 10,700 sq ft (100' x 107'), featuring a functional 3 bedroom, 2 bathroom frame home with a metal roof. The true value lies in the land's exceptional development potential: subdivide into two standard buildable lots to construct two brand new homes, a strategy strongly supported by area comps. Enjoy flexible options including removing the existing home or moving it over 10 feet MOL to retain it while building on or selling the second lot. Priced strategically to reflect the total potential (evidenced by recent nearby sales: 133k for a 2/1 home and 175k for a 3/1.5), this versatile investment caters to multiple strategies. Build two new homes, utilize the existing house as a buy and hold rental (solid rental comps available), execute a value add flip, or expand your portfolio. While functional, the home's presentation is dated, reflecting a handyman special, bank owned style. This is more than just a property; it's a chance to control a piece of Grant Park with unparalleled potential for growth and profit, offering development, land value, multi unit, and ADU (accessory dwelling unit) opportunities. It's an ideal value add investment for strategies like BRRRR (Buy, Rehab, Rent, Refinance, Repeat), buy and hold cash flow, capital appreciation, high ROI, or a quick fix and flip.
Discover a desirable double lot opportunity in Tampa's prime Grant Park neighborhood! This offering includes Lots 19 & 20, totaling 10,700 sq ft (100' x 107'), featuring a functional 3 bedroom, 2 bathroom frame home with a metal roof. The true value lies in the land's exceptional development potential: subdivide into two standard buildable lots to construct two brand new homes, a strategy strongly supported by area comps. Enjoy flexible options including removing the existing home or moving it over 10 feet MOL to retain it while building on or selling the second lot. Priced strategically to reflect the total potential (evidenced by recent nearby sales: 133k for a 2/1 home and 175k for a 3/1.5), this versatile investment caters to multiple strategies. Build two new homes, utilize the existing house as a buy and hold rental (solid rental comps available), execute a value add flip, or expand your portfolio. While functional, the home's presentation is dated, reflecting a handyman special, bank owned style. This is more than just a property; it's a chance to control a piece of Grant Park with unparalleled potential for growth and profit, offering development, land value, multi unit, and ADU (accessory dwelling unit) opportunities. It's an ideal value add investment for strategies like BRRRR (Buy, Rehab, Rent, Refinance, Repeat), buy and hold cash flow, capital appreciation, high ROI, or a quick fix and flip.
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: Other
Flooring: Tile, Vinyl
Living Area: 760.00
Roof: Metal
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Cooling: None
Heating: Other
Pets Allowed: Cats OK, Dogs OK, Yes
Sewer: Public Sewer
Utilities: Public
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2024
Other Features
Appliances: Range, Refrigerator
Country: US
Interior Features: Ceiling Fans(s)
Legal Description: GRANT PARK LOTS 19 AND 20 BLOCK 23
Levels: One
Area Major: 33619 - Tampa / Palm River / Progress Village
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