🏡 Investment Opportunity in Tampa, FL

📍 Property Details:

• Address: 504 W 131st Ave, Tampa, FL 33612
• Bedrooms/Bathrooms: 4 Bed / 2 Bath
• 📏 Livable Area: 1,495 sqft (per tax records)
• 📏 Lot Size: 8,276 sqft
• Year Built: 1960 (Block Construction)
• Asking Price: $225,000
• ARV (After Repair Value): $390,000
• EMD (Earnest Money Deposit): $5,000
• COE (Close of Escrow): 11/6/24

📸 Link to Photos:

Property Photos

🔑 Key Features:

• Block Construction for long-lasting durability.
• Four Bedrooms: Ideal for families or as a rental property with strong market appeal.
• Spacious Layout: 1,495 sqft of livable space on a large 8,276 sqft lot, providing plenty of room for updates and outdoor amenities.

📊 Financial Breakdown:

• 💲 Asking Price: $225,000
• 💲 ARV: $390,000
• 🏷️ Potential Profit Margin: Up to $165,000, depending on renovation costs and final sale price.

📝 Comparable Sales (Comps):

1. 514 W 130th Ave

   • Sold for $410,000 on 7/24
   • 3 beds / 2 bath / 1,306 sqft / Built 1966
   • Fairly Updated, Block Construction

2. 506 W 131st Ave

   • Sold for $365,000 on 9/24
   • 4 beds / 2 bath / 1,255 sqft / Built 1956
   • Fairly Updated, Block Construction

3. 511 W 124th Ave

   • Sold for $463,000 on 9/24
   • 5 beds / 3 bath / 1,632 sqft / Built 1946
   • Updated, Block Construction

4. 12705 Forest Hills Dr

   • Sold for $440,000 on 5/24
   • 3 beds / 2 bath / 1,358 sqft / Built 1948
   • Remodeled, Block Construction

💡 Investment Highlights:

• Prime Location in Tampa: Close to amenities and situated in an area seeing strong sales growth.
• Significant Profit Potential: With an asking price of $225,000 and an ARV of $390,000, this property offers a substantial profit margin, making it an ideal flip or investment.
• Favorable Comps: The comparables in the area demonstrate strong sales activity, with properties of similar size and condition selling for up to $463k.

💼 Conclusion:

This 4-bed, 2-bath home at 504 W 131st Ave in Tampa offers a fantastic investment opportunity. With a potential profit margin of up to $165,000, it is perfect for investors looking to flip or hold in an appreciating market. The nearby comps show strong resale values, making this property a great contender for a lucrative return on investment.

For more information or to schedule a viewing, please contact:

📞 Phone: 813-544-4909

⚠️ Disclaimer:

All information provided is deemed reliable but not guaranteed. Buyers should conduct their own due diligence.