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For Sale

TAMPA

Private Address

$1,500,000
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

10
beds

9
baths

6,455 Sq.Ft. LIVING AREA

0.8 Acres lot

Features & Amenities

Interior

  • total bedrooms10
  • Total bathrooms9
  • Laundry room Common Area, Laundry Room
  • Flooring Carpet, Tile, Wood
  • other interior Features Ceiling Fans(s)

Area & Lot

  • Status For Sale
  • Living Area6,455 Sq.Ft.
  • Lot Area0.8 Acres
  • MLS® IDTB8349274
  • TypeMulti-Family
  • YEAR BUILT1942
  • Elementary SchoolBroward-HB
  • Middle SchoolMemorial-HB
  • High SchoolHillsborough-HB

Exterior

  • water SourcePublic
  • utilitiesCable Connected, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Street Lights, Water Connected
  • roofMembrane, Shingle
  • parkingOff Street, Open
  • HEAT TYPECentral, Electric, Space Heater, Wall Units / Window Unit
  • AIR CONDITIONINGCentral Air, Wall/Window Unit(s)
  • sewerPublic Sewer
  • SubstructureCrawlspace, Slab, Stem Wall
  • other exterior FeaturesBalcony, Courtyard, Fence, Private Mailbox, Sidewalk

Financial

  • Sales Price$1,500,000
  • Real Estate Tax $11,450/yr
  • Zoning SH-RS
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