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Andy Neal

andy.neal@theagencyre.com +1(407) 619-3517

$285,000

Est. payment - /mo

2 Beds

1 Bath

910 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 910 sqft

Price per Sqft $313

Subdivision Mac Farlanes Rev Map Of Add

MLS Listing ID TB8526602

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1948

Annual Tax Amount $3,780

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions 79x94

Property Sub-Type Single Family Residence

Source Stellar MLS

Property Description

Under contract-accepting backup offers. Welcome to 2342 W Chestnut Street—a rare dual-development opportunity on a 7,426 sq ft double lot in Tampa's desirable RMC-16 zoning district. This property consists of a single parcel with an established 900 sq ft residential home in sound structural condition, plus significant vacant land that can be developed or subdivided. Owner-occupants will appreciate the renovated home as-is, while developers and investors will see substantial profit potential: after renovation and new construction, this property can generate approximately $950,000 in combined sale value—with comparable luxury townhomes in the area currently selling for $525,000-$575,000, and renovated single-family homes commanding $360,000-$380,000. The RMC-16 zoning allows for multi-unit development without rezoning, making this an ideal project for builders seeking to maximize land utilization and ROI. Develop both properties simultaneously, renovate the existing home for immediate cash-out, or execute a phased approach—the flexibility is yours. Perfect for investors and builders looking to capture significant value in an established, accessible residential corridor with strong market demand for quality townhome construction.

Location

State FL

County Hillsborough

Community Mac Farlanes Rev Map Of Add

Area 33607 - Tampa

Zoning RM-16

Interior

Interior Features Ninguno

Heating Central

Cooling Central Air

Flooring Tile

Furnishings Partially

Fireplace false

Appliance None, Other

Laundry Laundry Room, Outside

Exterior

Exterior Feature None

Utilities Available Electricity Available, Electricity Connected, Public, Sewer Connected, Water Available, Water Connected

Water Access No

Roof Type Other,Shingle

Exposure North

Garage false

Private Pool No

Building

Story 1

Entry Level One

Foundation Block

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8526602

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Listed by Shalimar Santiago REI BROKERAGE HOUSE, INC.

NEARBY SCHOOL & BUSINESS

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Andy Neal

+1(407) 619-3517

Agent

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2342 W CHESTNUT ST Tampa, FL 33607

Andy Neal

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION