5604 N CHEROKEE AVE, TAMPA, FL 33604

$480,000

Pending · 45 days on market · MLS# MFRTB8398473

Bedrooms0
Living area2,526 sq ft
Lot size0.17 acres
Year built1926
Property typeDuplex
Private poolYes
WaterfrontYes
Annual taxes$6,498
CountyHillsborough

About this home

Under contract-accepting backup offers. Investor Special – Duplex Potential in Prime Seminole Heights Location! Don’t miss this rare opportunity to own a versatile income-generating property in the heart of Old Seminole Heights. This charming 1926 home features a 2BD/2BA + Office main residence plus a private 1BD/1BA upstairs apartment with its own entry—ideal for house hacking, short-term rental income, or multigenerational living. Major updates include a 2020 metal roof, 2022 upstairs AC, and new main home air handler, making this a low-maintenance investment. The spacious 56x132 lot offers a fully fenced backyard, mature trees, and room for future additions or outdoor amenities. Rental Income Potential: Main House: $2,200–$2,500/month Upstairs Apartment: $1,600–$1,800/month Total Gross Rent: $3,800–$4,300/month With an asking price of $500,000 and a conservative ARV of $700,000–$750,000, this property offers strong cash flow today with big upside tomorrow. Zoned residential with no HOA and located minutes from popular restaurants, breweries, parks, and downtown Tampa. This is your chance to invest in one of Tampa’s most sought-after and fastest-appreciating neighborhoods. Live in one unit and rent the other—or rent both and maximize ROI.

Listing courtesy of Ada Provenzano, OLYMPUS EXECUTIVE REALTY INC. Presented by MC Homes Realty Inc · 727432218.

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