$1,700,000

1720 W HILLS AVENUE, Tampa, FL 33606

  • 8 beds |
  • 4 baths |
  • 3,170 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1903
  • Property Lot Size Icon7,405sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $536/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

This rare, turnkey four-unit boutique-style apartment building is perfectly positioned just steps from the beautiful waterfront on Bayshore Blvd and restaurants and shopping in Hyde Park Village. An exceptional investment, this property is projected to make $134,400 in gross rental income (see attachments for details on income & expenses) — three units are leased at $2,400 per month, with lease terms ending on January 31st, 2026, February 28th, 2026, and March 31st, 2026. The fourth unit operates as a successful Airbnb, bringing in approximately $4,000 per month, offering the perfect blend of long-term stability and short-term rental flexibility. Located in one of South Tampa’s most desirable neighborhoods, this property provides steady cash flow, strong rental demand, and future appreciation potential—all with NO HOA, NO flood zone, and zoning for top-rated schools. Originally built at the turn of the century, this stunning historic gem has been thoughtfully restored to preserve its character while incorporating modern upgrades. The property is a noncontributory parcel in historic Hyde Park, which means the owner is able to develop the property however they see fit without historic regulations. Recent prior renovations include new windows, refinished hardwood floors, all four new central HVAC (2022-2024), washer/dryer for each unit (private in-unit for upper units & community for lower), dishwashers in each unit, newer appliances, updated cabinetry, fresh paint, upgraded plumbing & electrical, and a newer roof (2020). Each spacious 2-bedroom, 1-bath unit (approximately 793 sq. ft.) boasts unique features, with some units featuring a Florida bonus room, second bedroom option, or private balcony. A rare find in Hyde Park, the property sits on a deep lot that accommodates 6 off-street parking spaces. Situated just minutes from Hyde Park Village, Bayshore Blvd, SoHo, the University of Tampa, Downtown Tampa, Tampa International Airport, and Tampa General Hospital, this location is unbeatable. With Tampa’s continued growth, including major development projects like Water Street Tampa, this is an ideal value-add opportunity for an investor looking to capitalize on a prime mix of short-term and long-term rental income.

Listing Status:
Active
Date Added:
March 26, 2025 at 05:00AM
Listing Office:
KELLER WILLIAMS SOUTH TAMPA : 813-875-3700
Listing Agent:
Robbie Henderson, III : 813-875-3700
MLS ID:
TB8363395
  • General: Other
  • Appliances: DishwasherRangeRefrigeratorWasher
  • Laundry: In KitchenOutside
  • A/C: Central Air
  • Heating: Central

This listing courtesy of Robbie Henderson, III, KELLER WILLIAMS SOUTH TAMPA

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

B

Bridgeprep Academy of Tampa

2418 W Swann Ave, Tampa, FL, 33609

Grades KG-8

0.57 miles away

B

Bridgeprep Academy of Tampa

2418 W Swann Ave, Tampa, FL, 33609

Grades KG-8

0.57 miles away

H

Henry Bradley Plant High School

2415 S Himes Ave, Tampa, FL, 33629

Grades 9-12

1.55 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.