505 East Caracas Street, Tampa, FL 33603

700,000

8 beds | 4 baths

(813) 387-4723

Located 3-Miles North of Downtown Tampa and 4-Miles East of the Westshore Business District

Property type: Residential -Single Family/Site Condo

Annual taxes: $3,264

Buyer Possession: At Closing

Year built: 1920

Above Grade Square Footage: 3,640

Acreage: 0.18

Lot Size: (frontage x depth): 59x129

Property Details

Property type:
Residential -Single Family/Site Condo
List price:
$700,000
Annual taxes:
$3,264
Year built:
1920
Deed Restrictions:
No
Monthly Condo Fee:
$0
Foundation type:
Slab
Above Grade Square Footage:
3,640
Square Footage Source:
Assessor
Lot Size: (frontage x depth):
59x129
Acreage:
0.18
Water Access:
No
Waterfront:
No
Buyer Possession:
At Closing
School Information

School District: Hillsborough High School

High School: Hillsborough High School

Finance Options
Cash, Conventional Mortgage

Property Features

Garage
None
Architectural Style
Other
Fuel Type
Electric
Water
Municipal Water
Water Heater
Electric
Sewer
Sewer-Sanitary
Roof
Shingle
Exterior
Stucco
Heating
Other
Road
Paved

Property Description

Marcus & Millichap is pleased to introduce the opportunity to acquire the Tree Fort; a unique quadplex property located within Tampa, Florida’s original suburb, Seminole Heights, just 3 miles north of downtown and 4 miles east of the Westshore Business District. This 1920’s vintage asset features a New Orleans French Quarter exterior feel with large windows, semi-private patios and balconies with wrought iron columns and railings. The front of the lot features lush landscaping and a large oak-tree shade canopy. The exterior features private, off-street parking in a gravel lot and a common area laundry out house. Residents enjoy proximity to some of the top restaurants and craft breweries in the region including award winning establishments such as The Refinery, Rooster & the Till and Ichicoro Ramen as well as short commutes to major employment centers, universities, hospitals concert and sporting venues, shopping and nightlife. The unit mix consists of four two-bedroom / one-bath apartments with an average apartment size of 910 square feet. Units feature hardwood floors (3 units) or tile floors (1 unit), large windows, above average ceiling heights, retro bathrooms with pedestal sinks and kitchens with butcher block counters and stainless steel shelving. The asset is rented at an average of $956 per month or $1.05 per square foot which compares with the new construction coming into the neighborhood which will be closer to $2.00 per square foot. The Tree Fort is a beautiful complex located in the heart of the historic district of Seminole Heights. There are two units upstairs and two units downstairs. All four units are very spacious. Three have hardwood floors in the living areas and tile in bathrooms and kitchens. One unit is completely tiled. The kitchens are large with butcher-block counters and stainless steel shelving. The bathrooms are retro styled with pedestal sinks. All have bistro sets on the rear porches and there is a shared patio set on the second floor’s front porch. The property will also qualify for residential, 30-year fixed rate financing making it a perfect opportunity for a small investor looking to gain a foothold in one of Tampa’s hottest emerging markets.

Room data

Bathrooms Rooms
Full Bathroom 10.00 x 10.00 Lower Ceramic Tile
Full Bathroom 10.00 x 10.00 Lower Wood
Full Bathroom 10.00 x 10.00 Upper Wood
Full Bathroom 10.00 x 10.00 Upper Wood
Living Rooms
Living Room 10.00 x 10.00 Lower Ceramic Tile
Living Room 10.00 x 10.00 Lower Wood
Living Room 10.00 x 10.00 Upper Wood
Living Room 10.00 x 10.00 Upper Wood
Bedrooms
Master Bedroom 10.00 x 10.00 Lower Ceramic Tile
Bedroom 10.00 x 10.00 Lower Ceramic Tile
Master Bedroom 10.00 x 10.00 Lower Wood
Bedroom 10.00 x 10.00 Lower Wood
Master Bedroom 10.00 x 10.00 Entry Wood
Bedroom 10.00 x 10.00 Upper Wood
Master Bedroom 10.00 x 10.00 Upper Wood
Bedroom 10.00 x 10.00 Upper Wood
Kitchens
Kitchen 10.00 x 10.00 Lower Ceramic Tile
Kitchen 10.00 x 10.00 Lower Wood
Kitchen 10.00 x 10.00 Upper Wood
Kitchen 10.00 x 10.00 Upper Wood

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