Gentrifying neighborhoods in Tampa

[Rick C.]

Hello,

I am looking to further expand my rental portfolio in the Tampa area. Although I am located in the Philadelphia area, I have owned and rented out a townhouse in Westchase since 2012, so I have a basic understanding of the city.

This time around, I would like to invest in a part of Tampa that is not currently an A neighborhood like Westchase, but is undergoing the early stages of gentrification and still contains properties that cash flow. Does anyone have suggestions on neighborhoods that fit that description?

Thanks in advance for your advice.

Rick

[Steffen Beck]

Andrea, 

I think the east side of the river is the better place to be in, but with that said I have seen some nice homes to the west. Tampa Heights and North Hyde Park are probably where gentrification is going to move the quickest. Soho Capital has finished acquiring all of the land they want for "The Heights", and they should be building soon (Armature works building already being worked on).