1. Florida
2. Tampa
3. 3415 N 51ST STREET

3415 N 51ST STREET, Tampa, FL 33619

• 3 beds |
• 2 baths |
• 760 sqft

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.

Listing Status:

Active

Date Added:

June 10, 2025 at 05:00AM

Listing Office:

FLORIDA REAL ESTATE PARTNERS : 727-409-4663

Listing Agent:

Randal Jenkins : 727-409-4663

MLS ID:

W7876311

Interior

• General: Ceiling Fan(s)
• Appliances: RangeRefrigerator
• Laundry: InsideLaundry Room
• Flooring: TileVinyl
• A/C: None
• Heating: Other

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Randal Jenkins, FLORIDA REAL ESTATE PARTNERS