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1720 W Hills Avenue, Tampa, FL 33606

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For Sale

$1,750,000

8 beds • 3,170 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $552.05
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

This rare, turnkey four-unit boutique-style apartment building is perfectly positioned just steps from the beautiful waterfront on Bayshore Blvd and restaurants and shopping in Hyde Park Village. An exceptional investment, this property is projected to make $134,400 in gross rental income (see attachments for details on income & expenses) three units are leased at $2,400 per month, with lease terms ending on January 31st, 2026, February 28th, 2026, and March 31st, 2026. The fourth unit operates as a successful Airbnb, bringing in approximately $4,000 per month, offering the perfect blend of long-term stability and short-term rental flexibility. Located in one of South Tampa s most desirable neighborhoods, this property provides steady cash flow, strong rental demand, and future appreciation potential all with NO HOA, NO flood zone, and zoning for top-rated schools. Originally built at the turn of the century, this stunning historic gem has been thoughtfully restored to preserve its character while incorporating modern upgrades. The property is a noncontributory parcel in historic Hyde Park, which means the owner is able to develop the property however they see fit without historic regulations. Recent prior renovations include new windows, refinished hardwood floors, all four new central HVAC (2022-2024), washer/dryer for each unit (private in-unit for upper units & community for lower), dishwashers in each unit, newer appliances, updated cabinetry, fresh paint, upgraded plumbing & electrical, and a newer roof (2020). Each spacious 2-bedroom, 1-bath unit (approximately 793 sq. ft.) boasts unique features, with some units featuring a Florida bonus room, second bedroom option, or private balcony. A rare find in Hyde Park, the property sits on a deep lot that accommodates 6 off-street parking spaces. Situated just minutes from Hyde Park Village, Bayshore Blvd, SoHo, the University of Tampa, Downtown Tampa, Tampa International Airport, and Tampa General Hospital, this location is unbeatable. With Tampa s continued growth, including major development projects like Water Street Tampa, this is an ideal value-add opportunity for an investor looking to capitalize on a prime mix of short-term and long-term rental income.
MLS# TB8363395

Courtesy Of Keller Williams South Tampa

(813) 875-3700

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Dishwasher, Range, Refrigerator, Washer
  • Architecture Style
    Other
  • Exterior Type
    Asbestos
  • Lot Size
    0.17 Acres

Map and Directions

Directions to 1720 W Hills Avenue, Tampa, FL 33606

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(813) 658-2121
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Monthly Payment Breakdown

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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