222 ARLINGTON AVE E Oldsmar, FL 34677

50K price improvement! New floor on upper level just installed. New price reflect works needed to bring this gem back to it's glory! This is a unique opportunity for either owner occupied property, or a very interesting investment opportunity. It's near impossible to find a half an acre land, with such huge living space, no HOA, no CDD, and only one block from the beautiful R.E. Olds Park, Old Tampa Bay, beaches, bike trails, library, city hall, and tons of restaurants & eateries. As an investor, you can separate this lot into 3 smaller lots, build and live on one, sell or build and sell the other two. Lots are going for 200K in this area, the one right next to this property is currently listed at 250K! Or, you can separate one lot out and sell it, keep the house on the double lot, and do some creative renovation, you can completely transform this 4004 sq. ft. raised ranch home into a total beauty! The main floor have three bedrooms, two baths, living/dinning/family/Florida room combo, and a big laundry room. Open living space makes entertaining fun and easy, big windows gives plenty of natural lights makes everything bright and airy. Split floor plan gives you privacy in master bedroom. Big Florida room is a perfect place to sit for your morning coffee and still enjoying the air conditioned cool air, or step outside to your oversized deck, on a perfect fall/winter day, enjoy all Florida have to offer! Lower level has a two-car garage, a large storage room, a full bath, all with a huge 1588 sq. ft. open space that has been a very successful airbnb rental for years, can generate near 3000 dollars extra income to offset your mortgage payment. Or you can turn that into an office, in-law suite, media/entertainment room, or a men-cave... possibilities are endless. There is also a screened-in lanai and a large Jacuzzi outside the french door. The huge front yard along with a L-shaped deck at the rear are surrounded by gorgeous trees, giving you the peace and quiet of country living while in a location that offers urban convenience, large lot provides plenty of room for all of your recreational toys, without restrictions, HOA fees or storage costs. This home features lots of upgrades and updates including Solar-Tubes and Sky lights for lots of natural light, newer roof and insulation all from 2015, newer two new AC units and an upgraded kitchen from 2018, new carpet from 2021. Oldsmar is a total hidden gem in Florida, right by the old Tampa Bay. With many parks by the water, bike trail, a zip-line park, a world class BMX bike field, Race Track, fleet market, and many wonderful restaurants and shops, it’s a perfect place to raise your family, enjoy life filled with all kinds of activities, beautiful sunsets, and walks by the bay. This house must be seen to appreciate!