Residential Property - Single Family Residence in Tampa
Listing Price: $574,000
Description of Property
INVESTMENT OPPORTUNITY in RIVERSIDE HEIGHTS *Riverside Heights Gem Bordering Tampa Heights* An exceptional opportunity awaits investors with this property located at 702 W Virginia Ave in the highly desirable Riverside Heights neighborhood, bordering vibrant Tampa Heights and just moments from Armature Works and the Tampa Riverwalk. This 1,276 sqft, 3-bedroom, 1-bathroom single-family home, built in 1927, sits on a substantial 0.27-acre lot. It is being sold **as-is** for the convenience of the sellers, making it an ideal canvas for a savvy investor looking to rehab and either sell or lease out for significant returns. The property also features a detached garage, adding to its appeal. The expansive yard offers ample space for additional structures or even the construction of a completely new home. Located about 3 blocks from Hillsborough River, this property is in Flood Zone X, in which lenders do not require flood insurance. Beyond its current use, the property presents a compelling potential for rezoning. Currently zoned RS-60, there's a possibility to rezone for a duplex or even a couple of townhomes. Furthermore, given its prime location, with commercial buildings (attorney, insurance company, real estate company) on all three adjacent corners of West Virginia and North Blvd, there's a strong potential for rezoning to commercial or mixed-use. Adding to its appeal, Tampa is actively developing the *Green ARTery*, a significant 22-mile biking and walking loop, with a portion of it just a few blocks away. This major infrastructure project will enhance the desirability and accessibility of the area, making this property even more attractive for future residents or commercial ventures. Don't miss out on this versatile investment opportunity in a rapidly appreciating Tampa location.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Tampa
County: Hillsborough
Subdivision: Riverside North
Bedrooms: 3
Bathrooms: 1
Sq. Ft. Gross: 1,484
Sq. Ft. Living Area: 1,276
Cost per (heated) sqare foot: $450
Year built: 1927
Annual Tax: $7,354
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Appliances: Range Hood
Fireplace: Yes
Fireplace Features: Living Room
Window Features: Blinds
Flooring: Hardwood
Schools
Elementary School: Broward-HB
Middle/Junior High School: Stewart-HB
High School: Hillsborough-HB
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Architectural Style: Bungalow
Construction: Wood Frame
Foundation: Stem Wall
Roof: Shingle
Exterior Features: Storage
Garage: Yes
Garage Spaces: 1
Parking Features: Ground Level
Floors Total: 1
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Electric
Electric:
Patio & Porch Features: Front Porch
Security Features:
Other Structures: Workshop
View:
Fencing: Wood
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Features: Sidewalk
Lot Size (acres): 0.27
Lot Size (sq. ft.): 11,700 square feet
Lot Dimensions: 90 x 130
Road Frontage: Street Brick
Front Exposure: North
Legal Description & Other Information
Financing Available: Special Funding
Parcel Number: A1129184HA00000900001.0
Zoning: RS-60
Tax Legal Desc.: RIVERSIDE NORTH LOT 1 AND E 1/2 OF LOT 2 BLOCK 9
Section: 11
Range: 18
Listing courtesy of KELLER WILLIAMS SOUTH TAMPA. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
