801 E Palm Avenue, Tampa, FL 33602

$3,500,000
2,050
SqFt
List Price
$3,500,000
Status
Active
Days on Market
317
MLS#
T3318428
Property Style
Hotel/Motel
Year Built
1902
Living Area
2,050
Lot Size
16,830
Acres
0.38
Total Acreage
1/4 to less than 1/2
Legal Subdivision Name
Bonniehurst
MLS Area Major
Tampa

Property Description

Presenting for Sale: Palm Villa Hostels, located at 801- 803 E. Palm Avenue and 1905 N. Taliafero Avenue. This is a Rare Investment Opportunity in the Tampa Heights Area of East Tampa. This Asset consists of 3 Historic Buildings offering 13 units that are leased individually and generating weekly and monthly rents. The entire Investment Portfolio is being Sold As- Is. 801 E. Palm Avenue offers 4 bedrooms, 2 baths and is 2,050 HSF. 803 E. Palm Avenue is 1,730 HSF and offers 5 bedrooms and 3 baths. 1905 N. Taliaifero Avenue offers 4 Bedroom and features 2,800 SF. There is onsite parking as well as common Street Parking giving ease of access to the property via Taliafero Avenue. Current Zoning of RM-24 Allows for Residential Mixed-Use up to 24 units or the Property may be converted to Commercial use as Professional Office or Redeveloped into a Small Office Complex or a Co-work Space. Nestled on the edge of Historic Tampa Heights and Historic Ybor City, this Location boasts a corner location surrounded by Restoration and New Development Happening in all Directions- a Terrific Opportunity to Invest in East Tampa! You may keep these three Buildings as current, Hotel/ Motel, upgrade the property for increased monthly income, convert to a greater yielding housing complex (Student Housing, ALF, Air BnB, etc…) or re-develop the site into to Professional Offices. CALL TODAY FOR A VIEWING.

Additional Information

Taxes Annual
$2284
Location
Corner Lot, Historic District, City Limits, Neighbourhood, Sidewalk, Special Taxing District, Street Lights, Paved
Community Features
No Deed Restriction
Zoning
RM-24
Utilities
Electricity Available
Air Conditioning
Other
Exterior Construction
Wood Frame
Roof
Shingle
Foundation
Crawlspace
Pool
No Pool
Garage Features
Common, Curb Parking
Flood Zone Code
X
Parcel ID
A-13-29-18-4XW-000005-00002
Legal Description
BONNIEHURST W 1/2 OF LOTS 2 AND 3 BLOCK 5

Mortgage Calculator

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Listing courtesy of FLORIDA COMMERCIAL GROUP.

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