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111 W Genesee St

7 Unit Apartment Building $1,118,891 CAD ($159,842 CAD/Unit) Tampa, FL 33603

Investment Highlights

  • build out 2-7 units, or work live . Over7000sf. Double lot, Block construction with many possibilities. On street of new contruction bungalow

Executive Summary

Discover the potential of this exceptional warehouse space nestled within the heart of a thriving single-family community. Encompassing a double lot amidst a blend of modern constructions and meticulously restored Bungalows, this property holds immense promise in the coveted Seminole Heights locale. Key Features: Strategic Location: Positioned amidst the dynamic crossroads of new developments and historic charm, this property is poised to capture the essence of Seminole Heights living. Versatile PD Approval: With an existing Planned Development (PD) approval in place, envision the transformation of this warehouse into 8 distinct one-bedroom, one-bathroom units, providing a range of possibilities from long-term rentals to AirBnB or boutique hotel ventures. Thoughtful Design: The proposed redevelopment includes not only the 8 unique units but also a welcoming reception office, a communal gathering space for residents, and versatile downstairs office areas. Tile flooring throughout the office spaces exudes a contemporary appeal. Modern Amenities: Explore the convenience of multiple bathrooms adjacent to the break room, ensuring the comfort of future occupants. A spacious garage/warehouse area with street-side access offers incredible versatility for potential usage. Architectural Highlights: Embrace the building's distinctive character reminiscent of a "NYC loft," with captivating design elements. Dual staircases at the front and rear open into expansive, light-filled spaces that can be adapted to diverse purposes. Close to Everything: Seamlessly connect to Downtown Tampa and I-275 within minutes, courtesy of the property's strategic location just off Florida Ave. Embrace the proximity to Seminole Heights' newest hotspots, encapsulating the essence of urban living. Unlock the potential of a truly exceptional venture in Seminole Heights. This project is an unparalleled opportunity to blend modern living with timeless charm, making it a remarkable investment in one of Tampa's most sought-after neighborhoods. Don't miss the chance to be a part of this one-of-a-kind transformation!

Property Facts Under Contract

Price $1,118,891 CAD
Price Per Unit $159,842 CAD
Sale Type Investment
Sale Conditions Redevelopment Project
No. Units 7
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.23 AC
Building Size 7,754 SF
No. Stories 2
Year Built 1942
Parking Ratio 1.26/1,000 SF

Site Amenities

  • 24 Hour Access
  • Wi-Fi

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 8 - 969
Walk Score ®
Very Walkable (82)
Bike Score ®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
A-01-29-18-4GL-000000-00301.0
Land Assessment
$135,329 CAD
Improvements Assessment
$676,598 CAD
Total Assessment
$811,927 CAD

zoning

Zoning Code SH-PD (Shopping Center - Planned Development)
SH-PD (Shopping Center - Planned Development)
  • Listing ID: 31511413

  • Date on Market: 2024-04-15

  • Last Updated:

  • Address: 111 W Genesee St, Tampa, FL 33603

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