Tampa, FL 33604,501 W IDLEWILD AVE
$600,000
$799,900
25.0%
Est.Price: ?

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4,412 SqFt

501 W IDLEWILD AVE Tampa, FL 33604

Est. payment /mo
SOLD DATE : 10/11/2023

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Key Details

Sold Price $600,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,412 sqft

Price per Sqft $135

Subdivision Kenilworth Grove Sub R

MLS Listing ID T3457814

Year Built 1941

Annual Tax Amount $4,851

Lot Size 4,356 Sqft

Property Sub-Type Multi-Family

New Construction false

Property Description

Welcome to 501 W Idlewild, an exceptional income property opportunity located in the heart of Tampa, FL. This property offers tremendous potential for investors seeking a well-priced property that requires cosmetic work while benefitting from updated systems. With its prime location and solid infrastructure, this 5-unit building presents an enticing investment prospect in a thriving community.

Property Features:5 units, providing multiple income streams and excellent investment potential. Recently updated systems including plumbing, electrical, and HVAC, ensuring peace of mind for investors and tenants. Ample parking space for tenants and visitors. 2 stories with 4412 of interior space, offering spacious living areas in each unit. Additional rental income potential by optimizing common areas or implementing value-add strategies. Conveniently located near local amenities, entertainment venues, shopping centers, and public transportation options

Investment Highlights:
Income Potential: This property offers an incredible opportunity to generate steady rental income through its multiple units. With updated systems already in place, investors can focus on the cosmetic improvements necessary to increase rental rates and maximize returns on their investment.

Upside Potential: The property's need for cosmetic work presents an exciting chance to enhance its appeal and attract higher-quality tenants, potentially commanding premium rental rates. By leveraging their vision and expertise, investors can transform this property into a sought-after living space within the Tampa community.

Prime Location: Situated in a thriving area, this property provides tenants with convenient access to a variety of amenities, including parks, schools, shopping centers, and excellent public transportation options. The property's desirable location contributes to its long-term investment value.

Opportunity Knocks: Don't miss out on this income property that combines updated systems with cosmetic potential. Whether you are an experienced investor or a newcomer to the real estate market, 501 W Idlewild in Tampa, FL offers a fantastic opportunity to build wealth and enjoy the benefits of a passive income stream. Contact us today to schedule a viewing and explore the vast potential this property holds.

Location

State FL

County Hillsborough

Community Kenilworth Grove Sub R

Area 33604 - Tampa / Sulphur Springs

Zoning SH-RS

Interior

Heating Central

Cooling Central Air

Exterior

Exterior Feature Awning(s), Courtyard, Storage

Parking Features Driveway, On Street

Utilities Available Cable Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected

View City

Roof Type Shingle

Building

Lot Description City Limits, Paved

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Concrete

New Construction false

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by Justin Ricke COMPASS FLORIDA, LLC
Bought with Jonae Peck KELLER WILLIAMS SOUTH TAMPA

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Team Virgadamo

Team Virgadamo

Co-Owner, Operations Manager | BK3291480

+1(727) 807-8833

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