114 S BUNGALOW PARK AVENUE, TAMPA, FL 33609

Description of 114 S BUNGALOW PARK AVENUE, TAMPA, FL 33609

*Being sold along with neighboring corner-lot property, 2801 W Cleveland St* Attention Developers, Investors, and Savvy Owner Occupants: Rare opportunity to acquire a multifamily-zoned parcel with existing structures in one of South Tampa’s most centrally located and fastest growing corridors, just minutes from Hyde Park, Midtown, and Downtown Tampa. The owner’s retirement presents a unique chance to secure a 6,150 sq ft (0.14 acre) RM-16 lot with significant value-add and redevelopment potential in a proven townhome corridor. So what makes this one so special? 1) Two buildings, total of 3 units on one lot: The property features a 2/1 single-family home (1,064 heated sq ft) and a two-story duplex with one 1/1 unit on each floor (1,096 heated sq ft total). 2) Value-add opportunity, all units requiring renovation, offering investors the ability to increase overall asset value. Some work on the properties in recent years include: The single-family home features a newer roof (2020) and recent plumbing and electrical updates within the past 2 years, along with minor hurricane-related repairs. Has central air. The duplex has a roof less than 5 years old, electrical updated 2 years ago, and plumbing updated 1.5 years ago, with A/C provided via wall units. 3) Separately metered water, simplifying future management and rental efficiency. 4) Development upside: RM-16 zoning supports multifamily redevelopment. Based on lot size and location, strong potential for future townhome development. 5) Prime South Tampa location: Located within the highly sought-after Mitchell-Wilson-Plant school district and minutes from Hyde Park Village, Midtown, Downtown Tampa, and Howard Ave. Easy access to I-275, Tampa International Airport, and the University of Tampa. Additional opportunity: Seller is also offering the neighboring corner lot with an existing duplex. See 2801 W Cleveland St. Purchase both for a combined 12,300 sq ft of land and 5 total units, maximizing development scale, design flexibility, and long-term upside. Whether you're looking to renovate and reposition for long-term cash flow, or redevelop into a high-end product, opportunities like this in core South Tampa are increasingly rare. Easy to show. No HOA/CDD. Arborist Reports, MLS info sheets and property disclosures available. No assignable contracts accepted.

Property Details for 114 S BUNGALOW PARK AVENUE, TAMPA, FL 33609

Interior Features

Open Floorplan

Heating

Electric

Cooling

Wall/Window Unit(s)

Pool Private

No

Building Information for 114 S BUNGALOW PARK AVENUE, TAMPA, FL 33609

Building Area Total

2628

Building Area Units

Square Feet

Association

No

Property Information for 114 S BUNGALOW PARK AVENUE, TAMPA, FL 33609

Lot Size Square Feet

6,150

Waterfront

No

View

No

Construction Materials

Block, Wood Frame

Roof

Shingle

Exterior Features

None

Sewer

Public Sewer

Water Source

Public

New Construction

No

Public Records for 114 S BUNGALOW PARK AVENUE, TAMPA, FL 33609

Parcel Number

A2229183NY00000100015.0

Tax Annual Amount

$15,735

Tax Year

2025

Tax Legal Description

BUNGALOW CITY LOT 15 BLOCK 1

Zoning

RM-16

County Or Parish

Hillsborough

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