Discover an exceptional investment opportunity at 5931 N Rome Avenue in Tampa, a prime waterfront property along the Hillsborough River. This expansive 3-acre site currently features 20 fully leased one-bedroom apartment units, generating a steady $18,000 monthly income with all utilities available. With its strategic location and significant redevelopment potential, the property offers 2.5 acres zoned RM 35, accommodating up to 90 units, and 0.6 acres zoned RS 50 for three additional units. Envision the transformation of this property into a luxurious riverfront community with 90+ units, capitalizing on its 80 feet of water frontage. The proposed development plan includes a mix of 30 one-bedroom units and 60 two-bedroom units, featuring upscale amenities such as a pool, clubhouse, boating facilities, and a riverfront park. Each unit would be designed with modern comforts, including 9-foot ceilings, granite countertops, tile floors, and in-unit washers and dryers, complemented by covered parking for 30 or more units. Projected monthly income could soar to $226,500, significantly enhancing the property's value to an estimated $28.8 million. Situated just west of vibrant Seminole Heights, known for its eclectic dining and boutique shopping, this location is a short 13-minute drive to Downtown Tampa, with destinations like Armature Works, Ybor City, ZooTampa, and Busch Gardens nearby. 5931 N Rome Avenue is poised to become a premier residential enclave in Tampa, blending serene riverfront living with urban convenience.