1484 sqft | 3 beds | 1 bath | 0.27 acres | #TB8385145
Description
INVESTMENT OPPORTUNITY in RIVERSIDE HEIGHTS
*Riverside Heights Gem Bordering Tampa Heights*
An exceptional opportunity awaits investors with this property located at 702 W Virginia Ave in the highly desirable Riverside Heights neighborhood, bordering vibrant Tampa Heights and just moments from Armature Works and the Tampa Riverwalk.
This 1,276 sqft, 3-bedroom, 1-bathroom single-family home, built in 1927, sits on a substantial 0.27-acre lot. It is being sold **as-is** for the convenience of the sellers, making it an ideal canvas for a savvy investor looking to rehab and either sell or lease out for significant returns. The property also features a detached garage, adding to its appeal. The expansive yard offers ample space for additional structures or even the construction of a completely new home. Located about 3 blocks from Hillsborough River, this property is in Flood Zone X, in which lenders do not require flood insurance.
Beyond its current use, the property presents a compelling potential for rezoning. Currently zoned RS-60, there's a possibility to rezone for a duplex or even a couple of townhomes. Furthermore, given its prime location, with commercial buildings (attorney, insurance company, real estate company) on all three adjacent corners of West Virginia and North Blvd, there's a strong potential for rezoning to commercial or mixed-use.
Adding to its appeal, Tampa is actively developing the *Green ARTery*, a significant 22-mile biking and walking loop, with a portion of it just a few blocks away. This major infrastructure project will enhance the desirability and accessibility of the area, making this property even more attractive for future residents or commercial ventures.
Don't miss out on this versatile investment opportunity in a rapidly appreciating Tampa location.
Property Details
- Utility FeaturesBB/HS Internet Available, Cable Available, Electricity Available, Public, Sewer Connected, Water Connected
- Lot DescriptionCorner Lot, Level, Near Public Transit, Oversized Lot, Sidewalk, Street Brick
- Exterior MaterialsPrivate Mailbox, Sidewalk, Storage
- InteriorCeiling Fans(s), Thermostat
- Property SubtypeSingle Family Residence
- SubdivisionRIVERSIDE NORTH
- High SchoolHillsborough-HB
- Sewer InformationPublic Sewer
- CountyHillsborough
- Elementary SchoolBroward-HB
- Middle SchoolStewart-HB
- FoundationStem Wall
- MLS #TB8385145
- MLS #TB8385145
- Property ConditionCompleted
- Property TypePurchase
- Original List Price$599,000
- Utility SourcePublic
- Taxes Annual$7,353
- Cost599000
- Acres0.27
- Square Feet1484
- Year Built1927
- Bedrooms3
- Bathrooms1
- Full Baths1
- Stories1
- Parking Spaces1
- Days on Market (Cumulative)1
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Peter Rundel
Last Updated:Â . Source: SMLS
Listing Courtesy
Listing Agent: Correy Smith (#MFR261552498)
Listing Office: KELLER WILLIAMS SOUTH TAMPA (#MFR773203)
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