425 Chippewa AVENUE, Tampa, FL, 33606 | $800,000

Welcome to 425 Chippewa Ave, a rare gem nestled in one of Tampa’s most coveted neighborhoods—Davis Islands. This well-maintained duplex offers a fantastic opportunity to live in an exclusive, popular area while also generating income. Whether you’re an investor looking to expand your portfolio or someone looking to live in one unit and rent the other, this property offers both flexibility and potential.

Each of the two units features 2 spacious bedrooms and 1 full bathroom, providing a comfortable and practical layout. With separate entrances and ample living space, these units offer the perfect balance of privacy and functionality. The timeless charm of the property is enhanced by its bright interiors and well-maintained finishes, making it an ideal place for both residents and tenants alike.

The location of this duplex is second to none. Davis Island is known for its tree-lined streets, stunning waterfront views, and peaceful atmosphere, offering residents a blend of luxury, convenience, and tranquility. You’re just a short stroll from scenic parks, fine dining, boutique shops, and the iconic Davis Island Yacht Club. The neighborhood also boasts easy access to downtown Tampa, making it a prime spot for those who enjoy a combination of serene living with the vibrancy of city life.

For investors looking for income potential, look no further! With the demand that comes with Davis Island, this duplex offers a steady and reliable income stream. Rent out both units, or live in one while benefiting from rental income from the other.

Davis Island is a tight-knit, upscale community, known for it scenic beauty, waterfront living and proximity to some of Tampa's best attractions. Whether you’re looking for a place to call home, an investment opportunity, or both, this duplex provides a rare opportunity to own in one of Tampa’s most desirable areas.

Features

  • Units: 2
  • Laundry: Electric Dryer Hookup, Washer Hookup
  • Year Built: 1959
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,447
  • Acreage: 0.17
  • Est. Taxes: $10,984
  • Lot Desc: City Lot, Level, Near Public Transit, Sidewalk
  • Elem. School: Gorrie-HB
  • Middle School: Wilson-HB
  • High School: Plant-HB
  • Pet Policy: Yes
  • MLS#: TB8333253
  • Days on Market: 15 days
  • Website: https://www.raveis.com
    /prop/TB8333253/425chippewaavenue_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 1/16/2025 12:17:08 PM)
Listing courtesy of RE/MAX CHAMPIONS   Phone: 813-945-4882

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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425 Chippewa AVENUE, Tampa, FL, 33606

$800,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $640,000 $640,000 $640,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.875% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.191% 7.171% 6.276%
Monthly Tax Payment $915 $915 $915
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,204 $4,254 $5,397
Total Monthly Payment $5,211 $5,261 $6,404

* 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.