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3902 W Elrod Ave 1.64 Acres of Residential Land Offered at $2,300,000 in Tampa, FL 33616
Investment Highlights
- Excellent Development Opp. for Townhomes/ Multi-Family.
Executive Summary
Development opportunity in South Tampa Near MacDill Air Force Base! Planning and Development approval secured in 2021 for 20 units; possible to rezone for more density. Future land use indicates the potential for up to 45 multifamily units. Presently, a rental home occupies the property on a month-to-month lease. Please respect tenant privacy - drive by only, refrain from walking around the premises, and avoid disturbing occupants. This 1.64-acre parcel presents a rare opportunity in
South Tampa, boasting proximity to schools, retail outlets, dining establishments, Bayshore, medical facilities, and more!
South Tampa, boasting proximity to schools, retail outlets, dining establishments, Bayshore, medical facilities, and more!
Financial Summary (Actual - 2024) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$43,200
|
$26,341.46
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$43,200
|
$26,341.46
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $43,200 |
| Annual Per AC | $26,341.46 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $43,200 |
| Annual Per AC | $26,341.46 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
1 Lot Available
Lot
| Price | $2,300,000 | Lot Size | 1.64 AC |
| Price Per AC | $1,402,439.02 |
| Price | $2,300,000 |
| Price Per AC | $1,402,439.02 |
| Lot Size | 1.64 AC |
Description
Existing 3,362 SF single family residence
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | A-16-30-18-41X-000002-00012.0 | Improvements Assessment | $439,288 (2025) |
| Land Assessment | $956,928 (2025) | Total Assessment | $1,396,216 (2025) |
Property Taxes
Parcel Number
A-16-30-18-41X-000002-00012.0
Land Assessment
$956,928 (2025)
Improvements Assessment
$439,288 (2025)
Total Assessment
$1,396,216 (2025)
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3902 W Elrod Ave