2402 N Highland AVENUE, Tampa, FL, 33602 | $1,550,000

**8 UNITS** 2 Single Family Homes PLUS 6 unit Apartment Building on this site
(**This property did NOT Flood during the recent storms, and had NO water intrusion. )
Exceptional Tampa Heights Opportunity.
Discover this stunning Tampa Heights property featuring two charming, original single-family homes, an additional building with six apartments, and a separate garage/storage structure—all nestled along picturesque tree-lined brick streets. The Lot spans 10, 922 sq. ft. and is zoned RM-24. This versatile lot presents buyers with the option to renovate existing structures or redevelop the site entirely.
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. Tampa Heights stands as the city's first significant residential suburb, maintaining its desirability over the years and surging upward in recent years. Established in the 1880s; it drew residents away from downtown, leveraging its favorable transportation access—a trait it retains today.
Conveniently located just a few blocks from Highland Park, the YMCA, Armature Works, and the scenic and entertaining Tampa Riverfront Water-Works 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.
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, aiding countless individuals in regaining their financial footing. With some updating, these stately residences have the potential to significantly increase the rental income. The current use of the property has not intended to maximize rental profits.
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.
Please respect the privacy of the current tenants—do not trespass or engage with them. Showings are available by appointment only with 24-48 hours' notice. Don’t miss out on this incredible opportunity!

Features

  • Bedrooms: 8
  • Units: 8
  • Lot Size: 86 x 127
  • Laundry: None
  • Year Built: 1935
  • Heating: Central, Wall Units / Window Unit
  • Cooling: Central Air, Wall/Window Unit(s)
  • Approx Sq. Feet: 5,288
  • Acreage: 0.25
  • Lot Size: 86 x 127
  • Est. Taxes: $6,289
  • Lot Desc: City Lot, Near Public Transit, Sidewalk
  • View: City
  • Elem. School: Graham-HB
  • Middle School: Madison-HB
  • High School: Hillsborough-HB
  • Pet Policy: Cats OK
  • Appliances: Range, Refrigerator
  • MLS#: TB8306044
  • Days on Market: 26 days
  • Website: https://www.raveis.com
    /prop/TB8306044/2402nhighlandavenue_tampa_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/7/2024 1:47:07 PM)
Listing courtesy of LPT Realty   Phone: 877-366-2213

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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2402 N Highland AVENUE, Tampa, FL, 33602

$1,550,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,240,000 $1,240,000 $1,240,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.406% 6.762% 6.830%
Monthly Tax Payment $524 $524 $524
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $8,043 $7,940 $10,887
Total Monthly Payment $8,692 $8,589 $11,536

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.