2402 N Highland AvenueTampa, FL 33602Price: $1,399,000

OPPORTUNITY ZONE: There are a total of 8 rental units in 4 buildings: 1 Single family-4 bedroom/2 bath, 2nd Single Family-2 bedroom/2 bath, 1 Apartment Building with 4 studio units plus TWO- 1 bedroom/1 bath units. Built in 1935, 1940, and 1946, these buildings reflect a rich history from a time when Tampa Heights blossomed into a vibrant community characterized by residential and commercial growth. Each unit and both homes are separately metered and tenants pay all utilities except water/sewer and small gas bill. This lot is 10,922 sq ft - zoned RM-24, and rich with redevelopment potential. Seller will consider financing with substantial down payment. This property has been treasured by the same family since 1960, serving as a beacon of hope and renewal for many. The owner has offered below-market rental rates, as a service in the community for the past 15 years. With some renovations, these stately residences have the potential to significantly increase the rental income.The property has great access on a corner and with an alley running along the north side. Conveniently located just a few blocks from Highland Park, the YMCA, Armature Works, and the scenic Tampa Riverfront Waterworks park, this property is also near Perry Harvey Sr. Park's skatepark, a variety of shopping options, entertainment hubs, fine dining, as well as cultural and artistic venues. With easy access to Downtown Tampa, Ybor City, and Tampa International Airport, the location is ideal for both residents and investors. The property's size and location present a unique development opportunity in one of Tampa Bay's fastest-growing neighborhoods. As the area's progress continues, opportunities like this are becoming increasingly rare. Seller will consider financing with favorable terms. Please respect the privacy of the current tenants-do not trespass or engage with them. Showings are available by appointment only, with a minimum 72-hour notice.