This is a unique investment opportunity in the heart of Tampa’s historic Seminole Heights neighborhood. The combined properties at 5113 and 5115 N Central Ave span approximately 0.8 acres, making it one of the largest residential and multi-family lots in the area. Currently, the property features nine units, including two single-family homes, with the potential to convert an existing storage unit into an additional apartment, increasing rental income. It is currently self-managed with below-market rents, presenting significant upside potential through value-add improvements. The property consists of eight 1 Bedroom 1 Bath and one 2 Bedroom 1 Bath units and has steady demand. Seminole Heights is known for its historic charm, early 20th-century bungalows, tree-lined streets, and a vibrant community filled with trendy restaurants, breweries, and boutiques. As the neighborhood continues to grow in popularity and value, this expansive lot offers both immediate income and long-term appreciation potential. Don’t miss out on this exceptional opportunity to own a prime asset in one of Tampa’s most sought-after areas. The property has 6 buildings, consisting of 4 duplexes and 2 stand alone homes. Future Land Use R-20
Property Details
Price:
$1,500,000
MLS #:
TB8349274
Status:
Active
Beds:
10
Baths:
9
Type:
Multi Family
Subdivision:
CUNNINGHAM
Neighborhood:
33603 – Tampa / Seminole Heights
City:
TAMPA
Listed Date:
Feb 12, 2025
State:
FL
Finished Sq Ft:
6,455
ZIP:
33603
Lot Size:
34,790 sqft / 0.80 acres (approx)
Year Built:
1942
Units:
9
See this Listing
CENTURY 21 Carioti is a full service real estate company servicing the State of Florida with a headquarters in Orlando, FL.
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Schools
Elementary School:
Broward-HB
Middle School:
Memorial-HB
High School:
Hillsborough-HB
Interior
Cooling
Central Air, Wall/ Window Unit(s)
Flooring
Carpet, Tile, Hardwood
Heating
Central, Electric, Space Heater, Wall Units / Window Unit
Laundry Features
Common Area, Laundry Room
Exterior
Construction Materials
Asbestos, Block, Stucco, Wood Frame
Exterior Features
Balcony, Courtyard, Fenced, Private Mailbox, Sidewalk
Other Structures
Storage
Parking Features
Off Street, Open
Roof
Membrane, Shingle
Financial
Tax Year
2024
Taxes
$11,450
Map
Community
- AddressN AVENUE Lot 1 TAMPA FL
- SubdivisionCUNNINGHAM
- CityTAMPA
- CountyHillsborough
- Zip Code33603
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N AVENUE Lot 1
TAMPA, FL
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