Tampa, FL 33604,501 W IDLEWILD AVE
Tampa, FL 33604,501 W IDLEWILD AVE
Tampa, FL 33604,501 W IDLEWILD AVE
Tampa, FL 33604,501 W IDLEWILD AVE
Tampa, FL 33604,501 W IDLEWILD AVE
Tampa, FL 33604,501 W IDLEWILD AVE
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$600,000

$799,900

25.0%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

4,412 SqFt


SOLD DATE : 10/11/2023

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

Sold Date 10/11/23

Construction Status No Contingency

HOA Y/N No

Originating Board Stellar MLS

Year Built 1941

Annual Tax Amount $4,851

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 45x95

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

Zoning SH-RS

Interior

Interior Features Window Treatments

Heating Central

Cooling Central Air

Fireplace false

Exterior

Exterior Feature Awning(s), Courtyard, Storage

Garage Driveway, On Street

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

Waterfront false

View City

Roof Type Shingle

Parking Type Driveway, On Street

Garage false

Private Pool No

Building

Lot Description City Limits, Paved

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Concrete

New Construction false

Construction Status No Contingency

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by COMPASS FLORIDA, LLC
Bought with KELLER WILLIAMS SOUTH TAMPA
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