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Listed by FLORIDA REAL ESTATE PARTNERS

Status: Active

3415 N 51st St 
Tampa, FL 33619

$223,500

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Discover a desirable double-lot opportunity in Tampa's prime Grant Park neighborhood! This offering includes Lots 19 & 20, totaling 10,700 sq ft (100' x 107'), featuring a functional 3-bedroom, 2-bathroom frame home with a metal roof. The true value lies in the land's exceptional development potential: subdivide into two standard buildable lots to construct two brand-new homes, a strategy strongly supported by area comps. Enjoy flexible options including removing the existing home or moving it over 10 feet MOL to retain it while building on or selling the second lot. Priced strategically to reflect the total potential (evidenced by recent nearby sales: 133k for a 2/1 home and 175k for a 3/1.5), this versatile investment caters to multiple strategies. Build two new homes, utilize the existing house as a buy-and-hold rental (solid rental comps available), execute a value-add flip, or expand your portfolio. While functional, the home's presentation is dated, reflecting a handyman-special, bank-owned style. This is more than just a property; it's a chance to control a piece of Grant Park with unparalleled potential for growth and profit, offering development, land value, multi-unit, and ADU (accessory dwelling unit) opportunities. It's an ideal value-add investment for strategies like BRRRR (Buy, Rehab, Rent, Refinance, Repeat), buy-and-hold cash flow, capital appreciation, high ROI, or a quick fix-and-flip.
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Bedrooms
3
Baths
2
House Size
760 sqft
Year Built
1948
Lot Size
0.25 ac

Location

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Interior Information

appliances
Range
Refrigerator
basement
Crawl Space
cooling
None
flooring
Tile
Vinyl
heating
Other
laundry features
Inside
Laundry Room

Exterior Information

features
Other
road surface
Asphalt
Paved
roof
Metal

Property Information

construction
Frame
sewer
Public Sewer
subdivision name
Grant Park
water source
Public
  • Listed By Randal Jenkins
  • (727) 409-4663
  • FLORIDA REAL ESTATE PARTNERS
  • (727) 409-4663
  • RJ409home@gmail.com
  • MLS W7876311

Monthly Payments Calculator

Estimated Monthly Cost

$1,564

30 year fixed·6.9% interest rate
Principal & Interest
$1,178
Property Taxes
$186
Home Insurance
$200
HOA Fees
$0
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*All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
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