2402 N Highland Avenue, Tampa, FL 33602

Property Description

BUILDERS & INVESTORS: One of the last large, parcels available in TAMPA HEIGHTS, -one of the most vibrant and fastest-growing neighborhoods in Tampa! ZONED RM-24 with 10,922 sq ft LOT on the corner of N Highland and W Frances with an alley access on the North Side. EXCELLENT DEVELOPMENT OPPORTUNITY. Property currently has TWO SINGLE FAMILY HOMES, a DETACHED GARAGE/STORAGE building and a SIX UNIT APARTMENT BUILDING with FOUR Studio/Efficiencies PLUS TWO Large, ONE BEDROOM/ONE BATH units. Built in 1935, 1940, and 1946. Each unit and both homes are separately metered and tenants pay all utilities except water/sewer and small gas bill. This property has not changed ownership since 1960. The owner currently offers these units at below-market rental rates, determined on a case-by-case basis, with MTM terms and has used this property as a service in the community for the past 15 years. Short-term rentals are allowed. The property's size and location present a unique development opportunity in one of Tampa Bay's fastest-growing neighborhoods. Amazing Location in booming Tampa Heights with multiple new construction and business projects underway. Located just ONE BLOCK FROM THE KAMINGO, an innovative and a modern mixed-use residential/retail development, slated to open in 2027; 2402 N Highland Ave is surrounded by significant new construction, redevelopment, and investment. The proximity of this parcel to the many Tampa Heights Properties in development now, gives new energy to the possibilities of its future use. Just a few blocks from Armature Works, the scenic Tampa Riverfront Waterworks park, Highland Park, the YMCA, Perry Harvey Sr. Parks' skatepark, a variety of shopping options, entertainment hubs, fine dining, as well as cultural/artistic venues and a short walk or bike ride to the river. With easy access to Downtown Tampa, Ybor City, and Tampa International Airport, the location is ideal for both residents and investors. As the area's progress continues, opportunities like this are becoming increasingly rare. Seller will consider financing with a minimum of HALF of the purchase price down. Seller will only consider holding a short term, FIRST Mortgage ONLY (NOT a 2nd). Please respect the privacy of the current tenants, DO NOT TRESPASS, or engage with them. Showings are available BY APPOINTMENT ONLY, with a MINIMUM 72-HOUR lead time to make arrangements with the tenants. SIGHT UNSEEN OFFERS WILL NOT BE SERIOUSLY CONSIDERED. (some individual unit sq ft, expenses and projected rent estimated. Buyer shall verify)