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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.
Property Details
Price: $599,000
Sq Ft: 2,532
($237 per
sqft)
Bedrooms: 8
Bathrooms: 3
City: Tampa
County: Hillsborough
Type: Single Family
Development: Phillip
Subdivision: Phillip Sub
Acres: 0.1600
Virtual Tour/Floorplan:
View
Year Built: 1926
Listing Number: TB8556867
Status Code: A-Active
Taxes: $5,087.51
Tax Year: 2024
Garage:
Furnishings: Unfurnished
Interior Features:
High Ceilings
Financial Information:
Taxes: $5,087.51
Tax Year: 2024
Exterior Features:
Lighting
Equipment:
Range
Refrigerator
Additional Information:
MLS Area: 33603 - Tampa / Seminole Heights
Total Square Footage: 2,756
Price per Square Feet: $236.57
Water: Public
Construction: Frame
Date Listed: 2026-10-09 00:00:00
Furnished: Unfurnished
Parking: Common, Driveway, On Street, Open, Oversized
Flooring: Carpet, Tile
Roof: Shingle
Heating: Central, Electric
Cooling: Central Air, Mini-Split Unit(S)
Fireplace: Y
Laundry: Laundry Closet
Sewer: Public Sewer
Parcel ID: A-06-29-19-4Lg-
Map of 1021 Cayuga Street E, Tampa, FL 33603
Listing Courtesy Of: Keller Williams St Pete Realty
sean@seansandiferlaw.com