The Tree Fort & Chelsea Place
Closed505 E Caracas Street & 806 Chelsea Street, Tampa, FL 33603, Tampa, FL
Property type
Multifamily
Unit / Space count
8
Price
$563,000
Building size
8,688 sf
Rentable area
8,688 SF
Year built
Year renovated
Occupancy
Zoning code
Sold/status
Sold · Date unknown
Sale price
$563000
Bedroom count
Property description
The Tree Fort & Chelsea Place is an 8-unit multifamily opportunity located in Tampa, FL. The properties are comprised of 2 buildings built in 1920 & 1923 featuring wood frame construction and pitched roofs. The unit mix consists of 1; 1 Bed 1 Bath unit (600 SF), 1; 1 Bed 1 Bath unit (768 SF), 1; 2 Bed 2 Bath unit (600 SF), 1; 2 Bed 1 Bath unit (1,001 SF) and 4; 2 Bed 1 Bath units (910 SF). Both two-story buildings feature front and back porches with relaxing seating areas among the lush foliage and tree canopies. Residents can enjoy on-site laundry at each property. Interiors feature hardwood and tile floors with spacious floor plans. Located in the thriving historic Seminole Heights district, the properties are convenient to major retailers, restaurants, schools and employers. In the bustling Seminole Heights District, residents are within walking distance to dozens of gourmet restaurants, unique breweries & cafes and eclectic shops. The Tree Fort & Chelsea Place are a just a short 10 minute drive to Downtown Tampa, which features over 10-million square feet of office space. Nearby retailers include Publix (1.4 Mi), Starbucks (1.0 Mi), Walmart (1.6 Mi), and Winn Dixie (0.5 Mi). The Tree Fort is located directly next to Hillsborough High School; the oldest public high school in Hillsborough County. Travel is convenient with Interstate 275 located nearby, which provides quick access to Downtown Tampa (2.9 Mi) and Tampa International Airport (9.6 Mi). The Tree Fort & Chelsea Place offers an investor the opportunity to acquire two turn-key assets in a prime Tampa location with ability to add value through the implementation of strategic upgrades.
Property highlights
- Two Charming 1920's-Vintage Rental Properties Located Less Than 2 Minutes Apart in the Historic Seminole Heights District of Tampa, FL
- Strategic Value-Add Opportunity Through Interior Upgrades
- Excellent Unit Mix with 75% 2 Bedroom Floor Plans
- Majority of Units Feature Historic Finishes Including Stained Hardwood Flooring, Original Door Knobs/Hardware, & Claw Foot Tubs
- Residents Enjoy Relaxing Front & Back Porches and On-Site Laundry
- Well-Located in Highly Desirable Seminole Heights Neighborhood, Just 10-Minutes From Downtown Tampa & 15 Minutes From Tampa
- International Airport
- Located Directly Next To Hillsborough High School; The Oldest Public High School in Hillsborough County