Investment opportunity with tenant in place generating $1,500/month! Welcome to the Terrace Palms Community and this beautifully renovated 2-bedroom, 2-bath condo, offering the perfect blend of cash flow and modern comfort.This updated unit features luxury vinyl plank flooring throughout the living room, kitchen, dining area, bedrooms, and walk-in closets, with ceramic tile in both bathrooms. The upgraded kitchen showcases stainless steel appliances, granite countertops, crisp cabinetry. Renovations have been completed in a tasteful, neutral palette, making the space appealing to both tenants and future owners. Enjoy an open back patio with serene green space views, along with an assigned parking space and guest parking. The unit also includes a private washer and dryer for added convenience.Ideally located near USF, Busch Gardens, AdventHealth, the VA Hospital, Moffitt Cancer Center, and major Tampa employers, with easy access to I-75 and I-275 for effortless commuting. Strong rental demand makes this a prime choice for investors.Maintenance-free living with HOA coverage that includes exterior maintenance, grounds, trash, and community amenities. Whether you're seeking a turnkey investment, a future primary residence, or a low-maintenance lifestyle, this condo is available now and ready to perform.
Property Features
Bedrooms
- Bedrooms: 2
- Primary Bedroom Dimensions: 11' x 12'
- Bedroom 2 Dimensions: 11' x 12'
- Primary Bedroom Level: First
- Bedroom 2 Level: First
Other Rooms
- Total Rooms: 4
- Living Room Dimensions: 12' x 12'
- Living Room Level: First
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Interior Features
- Living Room/Dining Room Combo
- Open Floorplan
- Stone Counters
- Thermostat
- Window Treatments
- Furnished Description: Unfurnished
- Flooring: Luxury Vinyl
Appliances
- Dishwasher
- Disposal
- Dryer
- Electric Water Heater
- Microwave
- Range
- Refrigerator
- Washer
- Laundry Features: Laundry Closet, Same Floor As Condo Unit
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Central
- Heating: Yes
Kitchen and Dining
- Kitchen Dimensions: 10' x 7'
- Kitchen Level: First
Exterior and Lot Features
- Sidewalk
- Sliding Doors
- Road Surface Type: Paved
Land Info
- Additional Parcels: No
- Lot Size Acres: 0.02
- Lot Size Square Feet: 874
Homeowners Association
- Association: Yes
- Association Fee: 415
- Association Fee Frequency: Monthly
- Association Fee Includes: Pool, Maintenance Structure, Maintenance Grounds, Maintenance, Pest Control, Sewer, Trash, Water
- Calculated Total Monthly Association Fees: 415
- Association Name: WESTCOAST MANAGEMENT
- Pets Allowed: Cats OK, Dogs OK
- Pet Description: Contact HOA
- Cats Allowed: Yes
- Dogs Allowed: Yes
Condo Info
- Unit Floor In Building: 1
Rental Info
- Lease Term: Minimum Lease: 1-2 Years
Amenities and Community Features
- Community Features: Pool, Sidewalks
Other Property Info
- Annual Tax Amount: 1878
- Source Listing Status: Active
- County: Hillsborough
- Directions: Located across from USF Campus, on 50th Street between Fowler and Fletcher Ave - Community Name is Terrace Palms Condominium -
- Tax Year: 2024
- Ownership: Fee Simple
- Source Property Type: Residential
- Area: 33617 - Tampa / Temple Terrace
- Property Subtype: condo
- Source Neighborhood: TERRACE PALMS CONDO
- Parcel Number: U-10-28-19-1HB-000000-00B13.0
- Postal Code Plus 4: 5005
- Public Survey Section: 10
- Subdivision: TERRACE PALMS CONDO
- Township: 28
- Zoning: SPI-UC-3
- Property Subtype: Condominium
Building and Construction
- Total Square Feet Living: 879
- Year Built: 1983
- Building Area Source: Public Records
- Building Area Total: 900
- Building Name: 5040
- Construction Materials: Stucco
- Direction Faces: East
- Foundation Details: Slab
- Levels: One
- Living Area Source: Public Records
- Living Area Units: Square Feet
- Property Age: 43
- Roof: Shingle
- Levels or Stories: One
- Building Total Stories: 1
- Total Area Sqft: 879
Utilities
- Sewer: Public Sewer
- Electricity Connected
- Water Connected
- Water Source: Public
