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Old Seminole Heights Historic Charmer

5801 N. Suwanee Avenue, Tampa, , 33604
  • 4 baths
  • 4 beds
  • 2,242 sq ft
  • 0.17 acre
, Property Website Date Posted: January 10, 2019

$506,000

DeborahJohnson

Circa 1923

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About This Old House

This HIGH INCOME historic charmer is one of a kind property in the desirable Historic District of Old Seminole Heights. This unique property is comprised of 3 structures. Main house is a 2/2 Bungalow plus a den with 1170 square feet. The cottage is a 1 bedroom, 1 bath with 408 sq. ft. The 3rd structure is currently used as an office/entertainment space with 1 bed/1bath in 664 square feet. This property has eight years of income growth year over year. As vacation rentals, the bungalow & cottage generated an average of nearly $56,000 per year in income over the past 4 years with an average occupancy rate of 69.5%. This property is beautiful. The main house boasts a large front porch, original hardwood floors, picture mold, stainless steel appliances and many of the original features. The cottage is very well done. From the time you step on the front porch you know that you are entering a retreat. Every room of this property has been lovingly renovated to reveal the original charm of the arts and craft period and uniquely furnished with period touches combined with modern-day conveniences. In addition, the gardens are a horticulturist’s delight for the depth and variety of Florida native plants. Price includes the sale of the vacation rental business Erewhon Retreat, 900+ customer mailing list, branded inventory, and website hosting inventory. . Its central location attracts visitors from all over the world. Access to museums, restaurants, and parks. Seller will contribute $500 towards a home warranty.

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