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Sue LaGree, J.D.

sue.lagree@engelvoelkers.com +1(727) 742-3369

$ 599,000

Est. payment -/mo

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1021 E CAYUGA ST Tampa, FL 33603

8 Beds

3 Baths

2,532 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,532 sqft

Price per Sqft $236

Subdivision Phillip Sub

MLS Listing ID TB8556867

Bedrooms 8

Full Baths 3

Construction Status Fixer

HOA Y/N No

Year Built 1926

Annual Tax Amount $5,087

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions 48x145

Property Sub-Type Single Family Residence

Source Stellar MLS

Property Description

Income-producing opportunity in Southeast Seminole Heights! This versatile property offers three separate living spaces across two buildings and generated $57,600 in gross rental income in 2025, according to the seller. The main residence features generously sized bedrooms and distinctive architectural character, including arched openings, a living-room fireplace, and a covered front porch. Its flexible layout can function as a 3-bedroom, 1-bathroom home or as a 2-bedroom residence with a dedicated office, den, or flex room. Estimated market rent is approximately $1,900-$2,000 per month. The detached two-story accessory building contains two updated residences. The downstairs 2-bedroom, 1-bathroom unit is estimated to rent for approximately $1,350 per month, while the upstairs 3-bedroom, 1-bathroom unit is estimated at approximately $1,550 per month. The rear building offers separate access, parking, and convenient entry from the back alley, providing additional privacy and independence from the main residence. Combined estimated rents total $4,800 per month, or $57,600 annually in potential gross rental income. The flexible configuration makes this an attractive option for a full investment property, multigenerational living, or an owner-occupant seeking to offset housing expenses with rental income. The detached ADU building is leased through August 29, 2027 (Unit #B) and Unit #C is leased through September 30, 2027. Located approximately 3 miles from Downtown Tampa and minutes from I-275, with convenient access to Armature Works, Ybor City, Busch Gardens, USF, dining, entertainment, and major employment centers. No HOA. Buyer to verify zoning, permitted use, room dimensions, rental information, and all details material to the buyer's intended use.

Location

State FL

County Hillsborough

Community Phillip Sub

Area 33603 - Tampa / Seminole Heights

Zoning SH-RS

Interior

Interior Features High Ceilings

Heating Central, Electric

Cooling Central Air, Mini-Split Unit(s)

Flooring Carpet, Tile

Fireplaces Type Living Room

Furnishings Unfurnished

Fireplace true

Appliance Range, Refrigerator

Laundry Laundry Closet

Exterior

Exterior Feature Lighting

Parking Features Common, Driveway, On Street, Open, Oversized

Utilities Available Cable Available, Electricity Available, Water Available, Water Connected

View Y/N No

Water Access No

Roof Type Shingle

Attached Garage false

Exposure West

Garage false

Private Pool No

Building

Entry Level One

Foundation Crawlspace

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Frame

New Construction false

Construction Status Fixer

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8556867

Listed by Anton Kozub KELLER WILLIAMS ST PETE REALTY

NEARBY SCHOOLS & PROPERTIES

Sue LaGree, J.D.

Global Real Estate Advisor License ID: SL3514458

+1(727) 742-3369

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