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3415 N 51ST STREET TAMPA FL 33619 MLS #W7876311

3415 N 51ST STREET
TAMPA, FL, 33619
$215,000
3 Beds
2 Bathrooms
760 SqFt
0.25 Acres
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$215,000
3415 N 51ST STREET
TAMPA, FL, 33619
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Project 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.

Property Details

Price:
$215,000
MLS #:
W7876311
Status:
Active
Beds:
3
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
GRANT PARK
Neighborhood:
33619tampapalmriverprogressvillage
Listed Date:
Jun 10, 2025
Finished Sq Ft:
760
Total Sq Ft:
920
Lot Size:
10,700 sqft / 0.25 acres (approx)
Year Built:
1948
33619 – Tampa / Palm River / Progress Village33619tampapalmriverprogressvillageGrant ParkNo MinimumPets Allowed

Property Direction

Subdivisions in TAMPA

Schools

Interior

Appliances
Range, Refrigerator
Bathrooms
2 Full Bathrooms
Cooling
None
Flooring
Tile, Vinyl
Heating
Other
Laundry Features
Inside, Laundry Room

Exterior

Construction Materials
Wood Frame
Exterior Features
Other
Roof
Metal

Financial

Tax Year
2024
Taxes
$2,882

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Quick Information

Profitability of the Property

Net Monthly Income:
Annual Profitability of:
3415 N 51ST STREET
TAMPA, FL