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3902 W Elrod Ave 1.64 Acres of Residential Land Offered at $3,123,676 CAD 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, awaiting
permits for a 20-unit villa-style townhome project, featuring 2 units per building. 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
permits for a 20-unit villa-style townhome project, featuring 2 units per building. 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
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Gross Rental Income |
$58,671
|
$35,774.87
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$58,671
|
$35,774.87
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $58,671 |
| Annual Per AC | $35,774.87 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $58,671 |
| Annual Per AC | $35,774.87 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
1 Lot Available
Lot
| Price | $3,123,676 CAD | Lot Size | 1.64 AC |
| Price Per AC | $1,904,680.44 CAD |
| Price | $3,123,676 CAD |
| Price Per AC | $1,904,680.44 CAD |
| Lot Size | 1.64 AC |
Description
Existing 3,362 SF single family residence
Property Taxes
| Parcel Number | A-16-30-18-41X-000002-00012.0 | Improvements Assessment | $596,606 CAD (2025) |
| Land Assessment | $1,299,623 CAD (2025) | Total Assessment | $1,896,229 CAD (2025) |
Property Taxes
Parcel Number
A-16-30-18-41X-000002-00012.0
Land Assessment
$1,299,623 CAD (2025)
Improvements Assessment
$596,606 CAD (2025)
Total Assessment
$1,896,229 CAD (2025)
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3902 W Elrod Ave
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