INVESTOR ALERT / DEVELOPER ALERT…….....HIGH INCOME POTENTIAL...........OVER 91K ANNUAL INCOME………ZONED FOR 12 UNITS PER ACRE…….……..RECENTLY RENOVATED……….…OVER A ACRE OF LAND…….…This property presents an excellent opportunity for investors looking to build there rental portfolio and developers seeking a highly profitable project. With zoning for up to 12 units per acre, it offers versatile options for potential development. The property currently boasts four single-family homes, three of which are already rented out and completely renovated, while the largest serves as the owner's residence. Benefiting from recent renovations and the high demand for rentals in the area, this property forecasts an impressive annual income exceeding $91,800, with the potential to achieve $7,650 in monthly rental revenue. After accounting for expenses, the property's remarkable……… Pro forma Cap Rate 9.67% further enhances its appeal. Moreover, the expansive over one-acre land parcel enjoys the added advantage of opportunity zoning, unlocking even more development potential. Don't let this lucrative opportunity slip away. Reach out today to explore the full potential of this property and how it can significantly benefit your investment portfolio.
Sold for $720,000
$720,000
725 S 51st St, Tampa, FL 33619
8beds
5baths
3,925sqft
Quadruplex, Multi Family
Built in 1940
-- sqft lot
$947,600 Zestimate®
$183/sqft
$1,639 Estimated rent
Home value
$947,600
$824,000 - $1.10M
$1,639/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Garrett Sedlacek 913-461-6882,
KELLER WILLIAMS ON THE WATER S 941-803-7522,
Melany Carcamo, PA,
KELLER WILLIAMS ON THE WATER S
Bought with:
Lei Xuan, 3223715
QUICKSILVER REAL ESTATE GROUP
Source: Stellar MLS,MLS#: N6127959
Originating MLS: Sarasota - Manatee
Originating MLS: Sarasota - Manatee
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
Rooms
- Room types: Family Room, Storage Rooms
Heating
- Central
Cooling
- Central Air, Ductless
Appliances
- Included: Oven, Dishwasher, Disposal, Dryer, Freezer, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Washer
- Laundry: Inside, Laundry Closet, Laundry Room
Features
- Ceiling Fan(s), Eating Space In Kitchen, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Thermostat
- Flooring: Bamboo, Luxury Vinyl, Tile, Hardwood
- Windows: Blinds, Drapes
- Has fireplace: No
Interior area
- Total structure area: 3,925
- Total interior livable area: 3,925 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway, Ground Level, Guest, Open, Oversized, Parking Pad
- Carport spaces: 1
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck, Front Porch, Patio, Rear Porch
- Exterior features: Lighting, Private Mailbox, Storage
- Has view: Yes
- View description: City, Trees/Woods
Lot
- Size: 1.36 Acres
- Dimensions: 200 x 297
- Features: Level, Private
Details
- Additional structures: Guest House, Other, Shed(s), Storage
- Parcel number: U222919ZZZ00000150070.0
- Zoning: RDC-12
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
- Attached to another structure: Yes
Materials
- Block, HardiPlank Type, Stucco, Vinyl Siding, Wood Frame
- Foundation: Concrete Perimeter, Crawlspace, Slab
- Roof: Metal,Shingle
Condition
- Completed
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Propane, Sewer Available, Water Available
Community & HOA
Community
- Features: None
- Security: Fire Alarm, Security Lights, Smoke Detector(s)
- Pet fee: $0 monthly
- Subdivision: UNPLATTED
HOA
- Has HOA: No
Location
- Region: Tampa
Financial & listing details
- Price per square foot: $183/sqft
- Tax assessed value: $584,332
- Annual tax amount: $2,489
- Date on market: 8/2/2023
- Cumulative days on market: 3 days
- Listing terms: Cash,Conventional,FHA,Other
- Ownership: Fee Simple
- Total actual rent: 7650
- Tenant pays: Electricity, Trash Collection, Water
- Electric utility on property: Yes
- Road surface type: Paved, Asphalt, Concrete, Dirt, Gravel
Price history
| Date | Event | Price |
|---|---|---|
| 12/11/2024 | Listing removed | $2,195-2.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/21/2024 | Listed for rent | $2,250+126.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/13/2024 | Listing removed | $995 |
Source: Zillow Rentals Report a problem | ||
| 10/12/2024 | Price change | $995-0.5% |
Source: Zillow Rentals Report a problem | ||
| 9/12/2024 | Listed for rent | $1,000-4.8% |
Source: Zillow Rentals Report a problem | ||
| 9/1/2024 | Listing removed | $1,050-4.5% |
Source: Zillow Rentals Report a problem | ||
| 8/27/2024 | Listed for rent | $1,100 |
Source: Zillow Rentals Report a problem | ||
| 3/5/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/2/2024 | Listed for rent | $1,100 |
Source: Zillow Rentals Report a problem | ||
| 8/31/2023 | Sold | $720,000$183/sqft |
Source:  Stellar MLS #N6127959 Report a problem | ||
| 8/5/2023 | Pending sale | $720,000$183/sqft |
Source: Stellar MLS #N6127959 Report a problem | ||
| 8/2/2023 | Listed for sale | $720,000$183/sqft |
Source: Stellar MLS #N6127959 Report a problem | ||
| 12/16/2022 | Listing removed | -- |
Source: Stellar MLS #T3416024 Report a problem | ||
| 11/30/2022 | Pending sale | $720,000$183/sqft |
Source: Stellar MLS #T3416024 Report a problem | ||
| 11/30/2022 | Listed for sale | $720,000-3.9%$183/sqft |
Source: Stellar MLS #T3416024 Report a problem | ||
| 8/22/2022 | Listing removed | -- |
Source: Stellar MLS #T3359215 Report a problem | ||
| 6/8/2022 | Price change | $749,000-9.7%$191/sqft |
Source: Stellar MLS #T3359215 Report a problem | ||
| 4/18/2022 | Price change | $829,000-2.4%$211/sqft |
Source: Stellar MLS #T3359215 Report a problem | ||
| 3/7/2022 | Listed for sale | $849,000$216/sqft |
Source: Stellar MLS #T3359215 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,311 +5.3% | $584,332 -0.2% |
| 2024 | $11,694 +317.3% | $585,228 +386.5% |
| 2023 | $2,802 +12.6% | $120,284 +3% |
| 2022 | $2,489 +3.1% | $116,781 +3% |
| 2021 | $2,415 +9.4% | $113,380 +1.4% |
| 2020 | $2,208 +9.7% | $111,815 +2.3% |
| 2019 | $2,012 | $109,301 +1.9% |
| 2018 | $2,012 +2.1% | $107,263 -26.5% |
| 2017 | $1,972 +1.7% | $146,000 +41.9% |
| 2016 | $1,938 +2.2% | $102,896 +0.7% |
| 2015 | $1,896 +1% | $102,181 +0.8% |
| 2014 | $1,877 | $101,370 +5.3% |
| 2013 | $1,877 -15.9% | $96,299 -24.5% |
| 2010 | $2,231 -10.8% | $127,600 -9.9% |
| 2009 | $2,502 -26.7% | $141,558 -24.3% |
| 2008 | $3,412 -15% | $187,027 +16.5% |
| 2005 | $4,015 | $160,588 +29.1% |
| 2004 | -- | $124,433 +17.9% |
| 2003 | -- | $105,568 -11.2% |
| 2002 | -- | $118,820 +2.7% |
| 2001 | -- | $115,710 +6.2% |
| 2000 | $2,193 | $108,941 |
Find assessor info on the county website
Neighborhood: 33619
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Nearby schools
GreatSchools rating
- 3/10Palm River Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 2/10Dowdell Middle Magnet SchoolGrades: 6-8Distance: 1.8 mi
- 2/10Blake High SchoolGrades: 9-12Distance: 4.2 mi
Schools provided by the listing agent
- Elementary: Palm River-HB
- Middle: Giunta Middle-HB
- High: Blake-HB
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$947,600
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$947,600
- Florida
- Hillsborough County
- Tampa
- 33619
- 725 S 51st St
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