Located in V.M. Ybor, one of Ybor City's primed communities within Tampa's Urban Core, this 2-bedroom, 1-bath Folk Victorian-style home presents a unique opportunity for investors and renovators alike. Set on a lot with 121 feet of depth, the property benefits from rear alley access, a valuable feature that adds flexibility and long-term potential. Internally, the home is ready for a full redesign and has remained largely unrenovated over the past 14 years. Existing improvements include updated electrical and gas service, fresh interior white paint, and newer light fixtures and ceiling fans in the living and dining areas. A renovation will likely include updates to the kitchen, bathroom, windows, flooring, roof, and the addition of a central HVAC system. For the right buyer, the opportunity lies in both the location and the upside. The property is also recognized as a contributing structure within the Ybor City Historic District. Buyers planning exterior improvements should consult with the Historic Preservation Commission to ensure proposed changes meet local design guidelines. Many exterior improvements can be approved administratively when designed within established guideline parameters. V.M. Ybor is an award-winning neighborhood recognized for its civic engagement and community activism, helping drive major infrastructure improvements including the Columbus Drive and 14th Street redesigns. The property also offers convenient access to major Tampa destinations such as Armature Works, Tampa Riverwalk, Historic Ybor City, and the soon-to-be completed Gasworx development. Whether continued as a long-term rental investment or transformed into a future primary residence, this property offers strong potential in one of Tampa's evolving historic neighborhoods. Schedule your showing today.