501 W Idlewild Ave

Tampa, FL 33604 View Map $600,000 Ask a Question
Sq.Ft.4,412
Year1941

Eve Alexander

(727) 202-9130

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UPDATED: 501 W Idlewild Ave Tampa, FL 33604 multi-family for sale, MLS#T3457814 - Tampa Buyers Broker
Status: Sold
Property Type:Multi-Family
MLS #:T3457814
Sq. Feet:4,412
Date Sold:10/11/2023
Lot Size:4,275 Sq. Ft.
County:Hillsborough
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.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
8/22/2023$999,900$799,900-20%
10/11/2023$799,900$600,000-25%

Community Information

Address:501 W Idlewild Ave, Tampa, FL 33604
Area:33604 - Tampa / Sulphur Springs
County:Hillsborough
City:Tampa
Subdivision:Kenilworth Grove Sub R
Zip Code:33604

Architecture

Year Built:1941
Construction Materials: Concrete
Roof: Shingle
Foundation: Slab
Parking Features: Driveway, On Street

Features / Amenities

Interior Features: Window Treatments
Exterior Features: Awning(s), Courtyard, Storage
Patio And Porch: Covered, Enclosed, Rear Porch
Parking: Driveway, On Street
Cooling: Central Air
Heating: Central
Air Conditioning: Central Air

Property Features

Lot Size: 0.1 Acres / 4,275 Sq. Ft.
Lot Dimensions:45x95
Lot Features: City Limits, Paved
View: City
Waterfront Feet: 0
Lot #: 1
Flood Zone: X
Utilities: Cable Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
Sewer: Public Sewer
Water: Public
Road Surface: Asphalt
Zoning:SH-RS
Directions:Exit 275 on Hillsborough Ave West exit, Take Hillsborough Ave to Florida Ave, and head North. Take Florida Ave to Idlewild, and go West.

Tax and Financial Info

Tax Year: 2022
Tax Annual Amount: $4,851.30
Ownership: Fee Simple
Financing Available: Cash, Conventional
Homestead: No
Total Annual Fees: $0

Schools

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Listing provided courtesy of Compass Florida, LLC (212-913-9058).
© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved.
The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Stellar MLS data last updated at February 23, 2024 6:30 PM EST.