Listing Details for MLS # TB8362055
4904 E River Hills Drive, Tampa, Fl 33617

Residential Property - Single Family Residence in Tampa

Listing Price: $650,000Days on Market: 1

Description of Property

Investment opportunity of a lifetime! It's akin to acquiring two homes and an efficiency for the price of one. Welcome to this prime location residence situated just across the street from the Hillsborough River. The main house boasts 3 beds and one bath, with numerous updates throughout, and a backyard featuring a study deck amidst a beautifully landscaped setting. The upstairs area, spanning 900 square feet, contains a one-bedroom, one-bathroom residence, complete with a full kitchen, walk-in closet, and a screened porch, affording a charming view of the surrounding oak trees and a glimpse of the river situated across the street. This space is presently being utilized as a short-term rental, providing the property owner with a substantial income stream. Furthermore, an efficiency suite, consisting of one bedroom and one bathroom, is located at the rear of the property and features a private entrance, also serving as a short-term rental. Both units generate significant passive income. Recent upgrades include a new roof installed in 2019 and the replacement of both air conditioning units in 2024. And a brand new well could save the new owner thousands on water bills. This distinctive property offers in-main-house living alongside dual income streams from short-term rentals, with proximity to Busch Gardens, Hard Rock Casino, USF, and downtown. Make your appointment today!The average asking price for a 5 bedroom/3 bath single family residence in this Zip code is $739,750. This single family residence is listed at about 88% of the average asking price. There are 2 5 bedroom/3 bath homes between $450,000 and $750,000 currently listed for sale in this Zip code. See other listings like this one »