Great opportunity in the growing North Tampa area! Double corner lot . 28 ACRES (12, 075 sf) with mature landscaping zoned RS-60. Nestled in the heart of Tampa near Zoo Tampa at Lowry Park, this charming property features a single-family home and detached guest studio. Both houses have been operated as two unique Airbnb units, each offering a private retreat surrounded by lush greenery. The main house, the “Jungle Casita”, a spacious 1 bedroom/1 bathroom bungalow with a den, boasts over ± 600 sq ft of comfortable living space. It includes a full kitchen, a cozy bedroom with a queen bed, a living area with twin day beds, and a private patio with a fire pit, perfect for enjoying Florida's outdoor beauty. This unique home is surprisingly spacious. Both houses were fully renovated in 2023, with new kitchen cabinets, appliances, new flooring, and interior and exterior painting. The detached guest studio, the “Tiny Jungle House”, is a delightful 300 sq ft tiny home. Don't let the square footage scare you; it is surprisingly spacious and comes complete with a kitchen, including all of the conveniences of home, so cooking and preparing meals will be a breeze! There is a sleeping loft with a queen bed, a lounge loft with floor pillows, a full bathroom, a living room with a TV for lounging, and desk space for remote working. You have your own screened-in patio surrounded by a lush green yard with lounge seating to enjoy the Florida weather without the bugs. A large storage shed/workshop is also attached to the guest studio. The shed is equipped with a full-size washer and dryer. The possibilities for the property are endless; you can operate the property as two Airbnb units, live in the main house, rent the guest studio, long term rental on both houses, split the lot, build your dream house on half and sell the other half, build a compound spanning both lots, or divide the lot and build two new houses. The property is zoned RS-60 and can be legally divided within the City of Tampa zoning guidelines. No CDD, no flood insurance, no deed restrictions, low taxes, and you can park your RV, boat, trailer, and toys here! Convenient location only minutes to Zoo Tampa at Lowry Park, Seminole Heights, and all major interstates, minutes from downtown Tampa and Tampa International Airport. This is the LOCATION, price, and investment opportunity you have been dreaming about
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NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $268,000 | $268,000 | $268,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $259 | $259 | $259 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,828 | $1,781 | $2,260 |
Total Monthly Payment | $2,162 | $2,115 | $2,594 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.