$1,169,999

1720 W Hills Avenue

TAMPA FL, 33606

Description

Rare multifamily opportunity in Historic Hyde Park! Stunning, turnkey 4 unit boutique style apartments just steps from beautiful Bayshore Blvd. This diverse asset is currently leased offering investors steady income, future appreciation, and opportunity to own a tastefully restored building with NO FLOOD, NO HOA, and zoned for top rated schools in South Tampa. The property is located in one of the most desirable and highly sought-after locations with historically strong rental rates and occupancies. This turn of the century property was painstakingly restored in keeping the integrity of character while delivering a balance of Historic charm with modern finishes to its residents. The updated amenities including restored hard wood floors, washer/dryer and dishwasher in each unit, central HVAC, tankless on-demand gas water heaters. The recent capital improvements include newer appliances, cabinetry, framing, electrical, flooring, paint and plumbing as well as individually metered water and gas for the new tankless hot-water heaters. In addition to all these high dollar improvements, the new owner will benefit from a BRAND NEW ROOF completed 9/2020 with a transferable warranty upon closing. Furthermore, the residents enjoy some of the best, modern and updated amenities, in each of the spacious 2bed/1bath units (averaging 793 sq ft each) can take advantage of the Florida bonus/2nd bedroom and/or private balcony. As a bonus, so rare to find a grand deep lot that can accommodate up to eight off-street parking spaces. This historic Hyde Park marvel is just minutes from major attractions- Hyde Park Village, Bayshore, Tampas SoHo District, University of Tampa, Downtown Tampa, TIA, Tampa General Hospital and so much more. Ideal value-add opportunity for new owner(s) to consider a mix of short term and long term rentals while capitalizing on current multi-Billion dollar development projects surrounding Tampa-Water Street Tampa while future growth continues. Shown by appointment only. Please contact me for a private showing.

Details

MLS#U8093851
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1903
Days On Site105

Features

SQ Feet3,170
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Area Information
StateFL
CountyHillsborough
CityTAMPA
Zip Code33606
Area33606 - Tampa Davis IslandUniversity of Tampa
Listing VS Median (in 33606)
Price:
$1,169,999
low | high
Med:
$432,000
100% of Average
SqFt:
3,170
low | high
Med:
776
100% of Average
$ / SqFt:
$369
low | high
Med:
$140
100% of Average
On Site:
105
low | high
Med:
93
100% of Average
Listing Updated: November 25, 2020 9:10:16 PM PST
Ben Mitrano LogoMLS Number: U8093851
Listing Provided By:
Ben Mitrano  of  CHARLES RUTENBERG REALTY INC

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