3408 River Cove DRIVE, Tampa, FL 33614

$486,000 Asking Price

3 beds
2 baths
1,202  sqft
Built in 1956

Welcome to your next investment opportunity in the heart of Tampa! This property is truly a gem waiting to be discovered, offering a unique blend of space, convenience, and potential income generation. Upon arrival, you'll immediately notice the charm and character of this must-see property. Situated on a large lot, this home boasts not one, but two separate units, each with its own independent electrical meter. This feature provides incredible flexibility for the new owner, allowing the option to lease out one unit for additional income while residing in the other. The main house is a spacious 3-bedroom, 2-bathroom residence spanning over 1200 square feet of heated living space. Featuring a layout designed for both comfort and functionality, the main floor hosts two bedrooms, a well-appointed kitchen, a welcoming living room, and a cozy family room. Upstairs, the expansive master bedroom awaits, offering a private retreat from the hustle and bustle below. Nestled in the backyard is a second building, complete with a fully remodeled 1-bedroom, 1-bathroom apartment spanning approximately 500 square feet. This self-contained unit includes its own living area and kitchen, providing ample space and privacy for guests or potential tenants. Both units have been meticulously remodeled to appeal to even the most discerning tastes, showcasing modern finishes and thoughtful design touches throughout. Additionally, the current owner has maximized the property's potential by utilizing the space for RV parking, offering yet another income-generating opportunity. With no HOA or CDDs to contend with, and positioned in a prime location, this property presents a fantastic investment opportunity. Whether you're looking to expand your rental portfolio or seeking a multi-generational living solution, this property offers endless possibilities. Don't miss out on the chance to own one of the last remaining gems in this sought-after neighborhood – schedule your showing today!


Features & Amenities

Interior

General:
Other
Appliances:
Other
Laundry:
Other
Flooring:
Other
A/C:
true, Central Air, Wall/Window Unit(s)
Heating:
true, Central, Wall Units / Window Unit

Exterior

General:
Other, Storage, Guest House
Parking:
Driveway, Open, Oversized

Construction

Roofing:
Shingle
General:
Stucco, Wood Frame, Two, Crawlspace

Location

Road/Access:
Other
Originating MLS:
Stellar MLS
County:
Hillsborough

Lot

Zoning:
RSC-6, ROUTH'S EGYPT LAKE HOMESITES W 60 FT OF E 310 FT OF LOT 5, U27281816700000000005.2
Fencing:
Fenced

Utilities

Utilities:
Other
Water:
Public
Sewer:
Septic Tank

Financial

Source:
Stellar MLS
Buyers Agent Compensation:
2.5%- $350
NA Compensation:
2.5%- $350

This listing courtesy of:
DALTON WADE INC, Manuela Zuluaga

About Tampa, FL

Housing

Number of Units
365,402
Median Home Value
$284,760
Median Rent
$1,088

50.03% of housing units are renter occupied.

6.73% are vacant.

Commute

Car
64.38%
Public Transportation
1.46%
Walk to Work
1.58%
Work from Home
31.20%
Other
0.73%

The median travel time to work is 20 minutes.

People

Population
829,241
Median Age
36.70
Median Household Size
2.58

Education

High School
26.60%
Associate’s Degree
8.96%
Bachelor’s Degree
23.11%
Graduate Degree
13.75%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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