South Tampa Investment Opportunity: 2-Lot Package Deal 🌴

Package Details:

• Total Price: $440,000 ($220,000 per lot)
• Lot Size: 7,375 sqft each
• EMD: $5,000 each
• Closing Date (COE): 9/9/24

🔗 Survey Link: View Survey

Key Features:

• Flood Zone: X (No flood insurance required)
• Utilities: Public sewer and water access; electricity available
• Lot Condition: No wetland, trees towards the back of the properties

Land Comparables (Comps):

• 6202 Interbay Blvd: Sold for $320,000 in March 2024
  • Lot Size: 7,284 sqft
  • Flood Zone: X
• 6401 S Richard Ave #1: Sold for $200,000 in May 2024
  • Lot Size: 5,150 sqft
  • Flood Zone: X (Closer to the subject lots)

New Build Comparables:

• 3416 Ohio Ave:
  • New Build: 5 beds / 4.5 baths / 3,242 sqft / 2023 construction
  • Sold for: $1.2M in August 2023
  • Lot Size: 6,950 sqft
  • Lot Value: $250k (at 20%)
• 3422 Ohio Ave:
  • New Build: 4 beds / 3 baths / 3,077 sqft / 2023 construction
  • Sold for: $1.17M in February 2024
  • Lot Size: 6,950 sqft
  • Lot Value: $234k (at 20%)
• 3608 W Iowa Ave:
  • New Build: 4 beds / 3.5 baths / 3,142 sqft / 2022 construction
  • Sold for: $1.07M in July 2023
  • Lot Size: 7,350 sqft
  • Lot Value: $214k (at 20%)

Investment Potential:

• Ideal for Developers: With the booming real estate market in South Tampa, these lots present a lucrative opportunity for new builds. The high ARV of nearby new constructions indicates strong potential for profit.
• Strategic Location: South Tampa is a highly sought-after area, close to amenities, beaches, and downtown Tampa.

Contact Us:

📞 Interested in this investment opportunity? Contact us for more details or to secure the deal.

Disclaimer:

This company has a direct contract with the seller. Legal action will be taken against anyone who contacts the seller directly. The property is sold as-is, with the buyer responsible for all closing and escrow costs. Buyers must conduct their own due diligence. No guarantees are made regarding property condition, value, or benefits. This is an assignment of contract with exclusive rights to purchase. We are not brokers and do not represent the seller. Contacting the owner without our consent will result in legal action. Buyers should verify all permits and information with the city/county building department.