About 3415 N 51st Street
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 of 3415 N 51st Street
| MLS® # | W7876311 |
|---|---|
| Price | $215,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 760 |
| Acres | 0.25 |
| Year Built | 1948 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
Listing Details
| Office | FLORIDA REAL ESTATE PARTNERS |
|---|
Listing Map
Neighborhood Information for 3415 N 51st Street
Moderate Residential Turnover, Coastal Area
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Grant Park Christian Academy Private - to |
0 Miles | |
|
|
Oak Park Elementary School Public - Kindergarten to 5Th Grade - Closest Elementry School |
1 Miles | |
|
Hospital/Homebound/Homebased Programs Public - Preschool to 12Th Grade |
1 Miles | |
|
|
Franklin Middle Magnet School Public - 6Th Grade to 8Th Grade - Closest Middle School |
1 Miles | |
|
|
Cristo Rey Tampa Catholic - to |
1 Miles | |
|
Williams Middle Magnet School Public - 6Th Grade to 8Th Grade |
1 Miles | |
|
|
Kenly Elementary School Public - Preschool to 5Th Grade |
1 Miles |
School data provided by GreatSchools