BEDS4
BATHS
SQUARE FEET1,852
MLS#TB8502629
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONCAMPBELLS
Property Description
Priced at $675,000, this fully updated 2-unit property is the ideal 1031 exchange investment or the perfect live-in-one, rent-one-out scenario for the savvy buyer looking to offset their mortgage in one of Tampa's hottest neighborhoods. Both units feature 2 bedrooms and 1 bath, offering comfortable and functional layouts that appeal to a wide range of tenants. The property has been thoughtfully upgraded with major systems already addressed - including a brand new 2024 roof, 2022 HVAC, and 2021 water heater - giving the next owner true peace of mind and minimal near-term capital expenditure. Sitting on a large, oversized lot with room to breathe, this Tampa Heights gem is perfectly positioned for long-term appreciation. You're just 1 mile from Armature Works, 2 miles from Water Street, and moments from the energy of Downtown Tampa - all while enjoying the charm and community feel of one of the city's most sought-after historic neighborhoods. With over $65,000 in documented improvements invested across recent years - covering kitchens, bathrooms, flooring, appliances, plumbing, electrical, and exterior maintenance - this property has been consistently cared for and is move-in ready. The next chapter of Tampa Heights starts here. It starts with this property.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central, Electric
Lot Size: 0.13 Acres
Roof Type: Shingle
Taxes: $8,226
Year Built: 1964
Amenities
Eat-in Kitchen
Kitchen/Family Room Combo
Primary Bedroom Main Floor
Fence
Feature Descriptions
Annual Net Income: 40000.00
Community Features: Street Lights
Days on Site: 27
Directions: Take N Florida Ave To Columbus Dr. Go East On E Columbus Dr. To N Grove Ave. Turn Right On Grove And Then Right On The First Street Which Is E Sparkman Ave. Home Will Be On Your Right!
Exterior: Block
Flood Zone Code: X
Flooring: Vinyl
Foundation: Block
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.13
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Call Listing Agent
Special Sale Provisions: None
Units: 2
Utilities: Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
Water: Public, Well
Water Access Y/N: No
Zoning: RM-24
Listed By / Shown By
Listed By
Agency Name: PINEYWOODS REALTY LLC
Agency Contact: 813-225-1890
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0400
Estimate Your Payment
Estimated Payment
$ 2,384.63 per month $1,502.26 Principal & Interest $685.50 Property Tax $196.88 Homeowner's InsuranceChange Payment Information
506 E Sparkman Avenue | MLS# TB8502629
This multi-family property located at 506 E Sparkman Avenue, Tampa, FL 33602 is currently listed for sale with an asking price of $675,000. Search Tampa real estate on www.realtymark.net today.