For Sale
$1,500,000

205 Frances AveTampa, FL 33602

Four-unit rental, prime Tampa location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional four-unit multifamily property, located at 205 W Frances Ave in Tampa, Florida, presents a compelling investment opportunity. Built between 1917 and 1941, this Class B property sits on a 9,779 square foot lot (77x127) zoned RM-24, offering significant redevelopment potential. Currently configured as a quadplex, the property boasts immediate income generation with two units already leased. The remaining units offer flexibility for short-term or long-term rentals, maximizing revenue potential. This location is highly desirable, within walking distance of Armature Works, diverse dining and entertainment options, the Tampa Riverwalk, and downtown Tampa. The property benefits from proximity to the new YMCA development and the $24 million Riverwalk expansion, further enhancing its value and appeal. The asking price is $1,500,000. This property is ideal for investors seeking a blend of immediate cash flow and future development prospects in one of Tampa's most vibrant and rapidly growing neighborhoods. The property's location and zoning provide a unique opportunity for both buy-and-hold strategies and future redevelopment into townhomes. This is a qualified opportunity zone property.

Highlights

  • Excellent investment opportunity for buy-and-hold or redevelopment in a prime location.
  • High-demand neighborhood with strong rental potential.

Property Details for 205 Frances Ave

Property type
Residential income homes
Class
B
Buildings
4
Units
4

Location Insight

City
Tampa
County
Hillsborough
State
Florida
Latitude
27.9651913
Longitude
-82.4627904
205 Frances Ave, Tampa, Florida

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205 Frances Ave
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