Asking Price
$ 227,500Status
Active3415 N 51ST STREET
TAMPA, FL,33619, GRANT PARK
Overview
3 Bedrooms
2 Bathrooms
Garage
760 sqft
Year Built: 1948
School Nearby
Description
Discover a desirable double-lot opportunity in Tampa's prime Grant Park neighborhood! This offering includes Lots 19 & 20, totaling 10,700 sq ft (100' x 107'), featuring a functional 3-bedroom, 2-bathroom frame home with a metal roof. The true value lies in the land's exceptional development potential: subdivide into two standard buildable lots to construct two brand-new homes, a strategy strongly supported by area comps. Enjoy flexible options including removing the existing home or moving it over 10 feet MOL to retain it while building on or selling the second lot. Priced strategically to reflect the total potential (evidenced by recent nearby sales: 133k for a 2/1 home and 175k for a 3/1.5), this versatile investment caters to multiple strategies. Build two new homes, utilize the existing house as a buy-and-hold rental (solid rental comps available), execute a value-add flip, or expand your portfolio. While functional, the home's presentation is dated, reflecting a handyman-special, bank-owned style. This is more than just a property; it's a chance to control a piece of Grant Park with unparalleled potential for growth and profit, offering development, land value, multi-unit, and ADU (accessory dwelling unit) opportunities. It's an ideal value-add investment for strategies like BRRRR (Buy, Rehab, Rent, Refinance, Repeat), buy-and-hold cash flow, capital appreciation, high ROI, or a quick fix-and-flip.
Features
Status: Active
Beds: 3
Baths: 2
Square Footage: 760 Sq. Ft
HOA Fee: -
Property Type: Single Family Residence
MLS Number: W7876311
Days on Market: 58
Year Built: 1948
Lot Size: 100 x 107
County: Hillsborough
Taxes: $2,882.00
Address
3415 N 51ST STREET , TAMPA ,FL
Listing provided by: FLORIDA REAL ESTATE PARTNERS, 727-409-4663
Asking Price
$227,500Status
ActiveSimilar Properties
Based on information submitted to the MLS GRID as of 08/07/2025 23:53. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.