205 Frances AveTampa, FL 33602

Property Details for 205 Frances Ave

Property type

Investment properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.9652

Longitude

-82.4628

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