2930 Tampa Street
For sale2930 Tampa Street, Tampa, FL 33602
Property type
Multifamily
Unit / Space count
5
Price
$375,000
Building size
1,999 SF
Year built
1920
Lot size
0.17 acres
Property description
2930 Tampa Street presents an opportunity to reposition an existing multifamily property in Tampa Heights through interior renovations, exterior improvements, and a coordinated lease-up strategy. The property includes approximately 1,753 SF of building area on a roughly 0.17-acre corner parcel. The property is currently vacant, providing a new owner with flexibility to determine the renovation scope, finishes, and leasing strategy from day one. Previous in-place rents averaged approximately $800 per unit per month, providing a baseline to evaluate potential rental upside following renovation and stabilization. The site also offers potential redevelopment as an entirely new two-unit property, subject to zoning, permitting, and City approvals. Located near The Heights District and Armature Works, the property benefits from continued investment and development activity in Tampa Heights, including a proposed mixed-use project anchored by a new YMCA.
Property highlights
- Opportunity to reposition an existing multifamily property in Tampa Heights through interior improvements, exterior upgrades, and a coordinated lease-up
- Approximately 1,753 SF of building area on a corner parcel of roughly 0.17 acres
- The vacant condition gives buyers flexibility to determine the renovation scope, finishes, and leasing strategy from day one
- Previous in-place rents averaged approximately $800 per unit per month, providing a baseline for a new owner to evaluate rental upside after renovating and leasing the vacant property
- Potential to redevelop the site as an entirely new two-unit property in Tampa Heights, subject to zoning, permitting, and city approvals
- Located in Tampa Heights near the ongoing development of The Heights District and Armature Works, with a proposed mixed-use project anchored by a new YMCA adding to the neighborhood’s investment activity