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Sold for $600,000
  • $600,000

    501 W IDLEWILD AVENUE, TAMPA, FL 33604

    7beds
    7baths
    4,412sqft
    Multi Family
    Built in 1941
    -- sqft lot
    $888,100 Zestimate®
    $136/sqft
    $2,635 Estimated rent

    Home value

    $888,100

    $737,000 - $1.06M

    $2,635/mo

    Zestimate® history
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    $2,635/mo

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    $4,137/mo

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    $4,137/mo

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    What's special

    Solid infrastructureUpdated systemsShopping centersEntertainment venues
    Welcome to 501 W Idlewild, an exceptional income property opportunity located in the heart of Tampa, FL. This property offers tremendous potential for investors seeking a well-priced property that requires cosmetic work while benefitting from updated systems. With its prime location and solid infrastructure, this 5-unit building presents an enticing investment prospect in a thriving community. Property Features:5 units, providing multiple income streams and excellent investment potential. Recently updated systems including plumbing, electrical, and HVAC, ensuring peace of mind for investors and tenants. Ample parking space for tenants and visitors. 2 stories with 4412 of interior space, offering spacious living areas in each unit. Additional rental income potential by optimizing common areas or implementing value-add strategies. Conveniently located near local amenities, entertainment venues, shopping centers, and public transportation options Investment Highlights: Income Potential: This property offers an incredible opportunity to generate steady rental income through its multiple units. With updated systems already in place, investors can focus on the cosmetic improvements necessary to increase rental rates and maximize returns on their investment. Upside Potential: The property's need for cosmetic work presents an exciting chance to enhance its appeal and attract higher-quality tenants, potentially commanding premium rental rates. By leveraging their vision and expertise, investors can transform this property into a sought-after living space within the Tampa community. Prime Location: Situated in a thriving area, this property provides tenants with convenient access to a variety of amenities, including parks, schools, shopping centers, and excellent public transportation options. The property's desirable location contributes to its long-term investment value. Opportunity Knocks: Don't miss out on this income property that combines updated systems with cosmetic potential. Whether you are an experienced investor or a newcomer to the real estate market, 501 W Idlewild in Tampa, FL offers a fantastic opportunity to build wealth and enjoy the benefits of a passive income stream. Contact us today to schedule a viewing and explore the vast potential this property holds.

    Zillow last checked:

    Listing updated:

    Listed by:

    Justin Ricke 772-971-8882,

    COMPASS FLORIDA, LLC 305-851-2820

    Bought with:

    Jonae Peck, 620295

    KELLER WILLIAMS SOUTH TAMPA

    Source: Stellar MLS,MLS#: T3457814MLS LogoOriginating MLS: Tampa

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 7
    Heating
    • Central
    Cooling
    • Central Air
    Features
    • Windows: Window Treatments
    • Has fireplace: No
    Interior area
    • Total interior livable area: 4,412 sqft

    Property

    Parking
    • Parking features: Driveway, On Street
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Covered, Enclosed, Rear Porch
    • Exterior features: Awning(s), Courtyard, Storage
    • Has view: Yes
    • View description: City
    Lot
    • Size: 4,275 Square Feet
    • Dimensions: 45 x 95
    • Features: City Lot
    Details
    • Parcel number: A3628184FR00000100001.0
    • Zoning: SH-RS
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Concrete
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1941

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Pet fee: $0 monthly
    • Subdivision: KENILWORTH GROVE SUB R
    HOA
    • Has HOA: No
    Location
    • Region: Tampa

    Financial & listing details

    • Price per square foot: $136/sqft
    • Tax assessed value: $427,722
    • Annual tax amount: $4,851
    • Date on market: 7/9/2023
    • Cumulative days on market: 57 days
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
    • Total actual rent: 4500
    • Tenant pays: Electricity
    • Electric utility on property: Yes
    • Road surface type: Paved, Asphalt

    Price history

    DateEventPrice
    10/11/2023Sold$600,000-25%$136/sqft
    Source: Stellar MLS #T3457814 Report a problem
    9/14/2023Pending sale$799,900$181/sqft
    Source: Stellar MLS #T3457814 Report a problem
    8/22/2023Price change$799,900-20%$181/sqft
    Source: Stellar MLS #T3457814 Report a problem
    7/9/2023Listed for sale$999,900$227/sqft
    Source: Stellar MLS #T3457814 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,684 +4.1%$427,722
    2024$8,343 +60.2%$427,722 +106.7%
    2023$5,207 +7.3%$206,951 +10%
    2022$4,851 +14.5%$188,137 +10%
    2021$4,237 +8.9%$171,034 +10%
    2020$3,891 +12.6%$155,485 +10%
    2019$3,455 $141,350 -15.5%
    2018$3,455 +14.9%$167,333 +17.2%
    2017$3,007 +11%$142,802 +34.5%
    2016$2,708 +14.9%$106,198 +10%
    2015$2,357 +25.8%$96,544 +10%
    2014$1,873 $87,767 +0.2%
    2013$1,873 +5.6%$87,635 +8.7%
    2012$1,773 -9.7%$80,624 -9.7%
    2011$1,965 -7.5%$89,332 -8.3%
    2010$2,125 -42.5%$97,368 -42.6%
    2009$3,693 -33%$169,504 -32.9%
    2008$5,516 -4%$252,772 -5.1%
    2007$5,743 -11.6%$266,408 -3.3%
    2006$6,495 +11.3%$275,584 +14.7%
    2005$5,836 $240,190 +31.7%
    2004-- $182,345 +92.2%
    2003-- $94,853 +11.1%
    2002-- $85,389
    Find assessor info on the county website

    Neighborhood: Old Seminole Heights

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $888,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $888,100