3415 N 51st Street, Tampa, FL 33619
- $187,500
- 3
- BD
- 2
- BA
- 760
- SqFt
- Sold Price
- $187,500
- List Price
- $199,000
- Status
- Sold
- Days on Market
- 282
- Closing Date
- Apr 01, 2026
- MLS#
- W7876311
- Property Style
- Single Family
- Year Built
- 1948
- Bedrooms
- 3
- Bathrooms
- 2
- Living Area
- 760
- Lot Size
- 11,136
- Acres
- 0.25
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Grant Park
- MLS Area Major
- Tampa / Palm River / Progress Village
Property 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.
Additional Information
- Taxes
- $2882
- Minimum Lease
- No Minimum
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- RM-16
- Interior Layout
- Ceiling Fans(s)
- Interior Features
- Ceiling Fans(s)
- Floor
- Tile, Vinyl
- Appliances
- Range, Refrigerator
- Utilities
- Public
- Heating
- Other
- Air Conditioning
- None
- Exterior Construction
- Frame
- Exterior Features
- Other
- Roof
- Metal
- Foundation
- Crawlspace
- Pool
- No Pool
- Pets
- Allowed
- Flood Zone Code
- x
- Parcel ID
- A-10-29-19-4BX-000023-00019.0
- Legal Description
- GRANT PARK LOTS 19 AND 20 BLOCK 23 and GRANT PARK W 1/2 OF VACATED ALLEY LYING TO EAST OF LOTS 19 AND 20 BLOCK 23
Listing courtesy of FLORIDA REAL ESTATE PARTNERS. 727-409-4663
Selling Office: STELLAR NON-MEMBER OFFICE.Mortgage Calculator
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