3901 W Platt St - Assisted Livings FOR SALE


Tampa, FL 33609- Swann Estates
$1,275,000 USD
727-432-8068
3901 W Platt St, Tampa, FL for Sale
$1,275,000 USD
Assisted Livings - FOR SALE
1/12
null | Request Cap Rate

3901 W Platt St
Tampa, FL 33609
Swann Estates


HIGHLIGHTS

  • Renovated residence with six bedrooms and multiple flexible living areas.
  • Gourmet kitchen features quartz counters, double ovens, and oversized island.
  • Significant updates include plumbing, electrical, stucco, paint, and irrigation.
  • Large backyard and newly constructed concrete patios support outdoor use.
  • Located near Hyde Park, Downtown Tampa, Westshore, and MidTown Tampa.
  • Potential assisted living or residential care use subject to required approvals.

OVERVIEW

Discover an architectural gem that blends timeless elegance with the refined character of South Tampa, offering spacious living and modern updates with outstanding income potential. This impressive 6-bedroom, 3 full and 4 half-bath residence is being thoughtfully renovated and offers remarkable flexibility for homeowners or investors alike. Inside, an open-concept floor plan creates an inviting atmosphere filled with natural light. You will find a double-door side entrance with a mudroom for bringing groceries to the gourmet kitchen. The impressive gourmet kitchen features quartz countertops, stainless steel appliances, double ovens, an oversized center island, a commercial-style vent hood, abundant workspace, and a separate prep area that can accommodate extra storage or food preparation. The kitchen makes it ideal for everything from everyday meals to large gatherings. The kitchen flows effortlessly into the expansive dining area and spacious great room, providing the perfect setting for entertaining family and friends. Originally restored in 2019, the home continues to be meticulously maintained. It features numerous significant improvements, including updated electrical wiring, upgraded plumbing, fresh interior and exterior paint, new stucco, an irrigation system, and a tankless water heater. A newly constructed concrete front and back patio enhances curb appeal, while the spacious backyard provides plenty of room for outdoor entertainment, gardening, or future enhancements. This property is currently under alteration and now includes 2 extra bedrooms: one with a half bath and the other with a full bath that includes a toilet, sink, and a walk- in accessible shower. Designed with versatility in mind, the home offers multiple living spaces that can easily accommodate guests, home offices, fitness areas, hobby rooms, or other flexible uses. Beyond its appeal as a private residence, this property also presents a rare future investment opportunity. The property may be utilized as a 6-bedroom living facility, including assisted living or rehabilitation housing. This use of the property today requires special use approval (S-1). With special use approval (S-1) and a best-use scenario, the property can be expanded to accommodate up to 12 beds. Based on comparable assisted living facilities in the surrounding area, the property can generate excellent tenant space income and long-term equity gain with experienced management. It also presents exciting possibilities: Student housing or short-term rental accommodation. Prime location in the South Tampa Area! Perfectly positioned by Hyde Park Village, Bayshore Boulevard, Downtown Tampa, the Westshore Business District, Mid-Town Tampa, Marina Pointe, and Tampa International Airport. This exceptional property places premier dining, shopping, entertainment, waterfront attractions, and major transportation routes all within easy reach. Whether an expansive personal residence, a multi-purpose property, or a high-potential investment, this unique South Tampa opportunity offers flexibility, location, and endless possibilities

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$423 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,625 SF

ZONING

RS-60

APN/PARCEL ID

A-21-29-18-3MF-000001-00019.0

ASK ABOUT THIS PROPERTY

Coach CookKeller Williams Tampa PropertiesMore Info
727-432-8068

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Coach CookKeller Williams Tampa PropertiesMore Info
727-432-8068

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.