114 Bungalow Park Avenue, TAMPA, FL 33609
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Priced at Only: $695,000
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Address: 114 Bungalow Park Avenue, TAMPA, FL 33609
Property Location and Similar Properties
- MLS#: TB8491887 ( Residential Income )
- Street Address: 114 Bungalow Park Avenue
- Viewed: 97
- Price: $695,000
- Price sqft: $264
- Waterfront: No
- Year Built: 1940
- Bldg sqft: 2628
- Bedrooms: 4
- Total Baths: 3
- Garage / Parking Spaces: 1
- Days On Market: 43
- Additional Information
- Geolocation: 27.9437 / -82.4899
- County: HILLSBOROUGH
- City: TAMPA
- Zipcode: 33609
- Subdivision: Bungalow City
- Provided by: RICHARD PETERS REALTY LLC
- Contact: Alexander Izikson
- 352-448-9712

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Description*Being sold along with neighboring corner lot property, 2801 W Cleveland St* Attention Developers, Investors, and Savvy Owner Occupants: Rare opportunity to acquire a multifamily zoned parcel with existing structures in one of South Tampas most centrally located and fastest growing corridors, just minutes from Hyde Park, Midtown, and Downtown Tampa. The owners retirement presents a unique chance to secure a 6,150 sq ft (0.14 acre) RM 16 lot with significant value add and redevelopment potential in a proven townhome corridor. So what makes this one so special? 1) Two buildings, total of 3 units on one lot: The property features a 2/1 single family home (1,064 heated sq ft) and a two story duplex with one 1/1 unit on each floor (1,096 heated sq ft total). 2) Value add opportunity, all units requiring renovation, offering investors the ability to increase overall asset value. Some work on the properties in recent years include: The single family home features a newer roof (2020) and recent plumbing and electrical updates within the past 2 years, along with minor hurricane related repairs. Has central air. The duplex has a roof less than 5 years old, electrical updated 2 years ago, and plumbing updated 1.5 years ago, with A/C provided via wall units. 3) Separately metered water, simplifying future management and rental efficiency. 4) Development upside: RM 16 zoning supports multifamily redevelopment. Based on lot size and location, strong potential for future townhome development. 5) Prime South Tampa location: Located within the highly sought after Mitchell Wilson Plant school district and minutes from Hyde Park Village, Midtown, Downtown Tampa, and Howard Ave. Easy access to I 275, Tampa International Airport, and the University of Tampa. Additional opportunity: Seller is also offering the neighboring corner lot with an existing duplex. See 2801 W Cleveland St. Purchase both for a combined 12,300 sq ft of land and 5 total units, maximizing development scale, design flexibility, and long term upside. Whether you're looking to renovate and reposition for long term cash flow, or redevelop into a high end product, opportunities like this in core South Tampa are increasingly rare. Easy to show. No HOA/CDD. Arborist Reports, MLS info sheets and property disclosures available. No assignable contracts accepted.
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Building and Construction
- Covered Spaces: 0.00
- Exterior Features: None
- Living Area: 2160.00
- Roof: Shingle
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 1.00
- Cooling: Wall/Window Unit(s)
- Heating: Electric
- Sewer: Public Sewer
- Utilities: Electricity Connected, Sewer Connected, Water Connected
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Tax Year: 2025
Other Features
- Country: US
- Interior Features: Open Floorplan
- Legal Description: BUNGALOW CITY LOT 15 BLOCK 1
- Area Major: 33609 - Tampa / Palma Ceia
- Parcel Number: A-22-29-18-3NY-000001-00015.0
- Views: 97
- Zoning Code: RM-16
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