Ruskin Waterfront Flip w/ Huge ROI

🏡4/4 SFH With Private Pool! 🌊
No HOA

Buy: $470,000
ARV: $810,000

 QuickFlip ✅️ Verified Reno Budget  

https://quickflipconstruction.com/wp-content/uploads/2024/10/304-10th-St-SW-Ruskin-FL-QuickFlip-Estimate-1704-Call-With-Any-Questions-678-629-5431-Sheet1.pdf

PRIVATE LENDING

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Key Features:

• 🏠 4 Beds, 3 Full Baths, 1 Half Bath
• 🌊 Waterfront Property on Little Manatee River
• 🌳 Oversized Lot: 21,780 sqft
• 🏠 New Roof Added in 2019
• ☀️ Screened Pool Lanai
• 🪟 Hurricane Windows Installed in 2022
• 🔥Fireplace: Yes
• 🍽️ Appliances Included: Dishwasher, Dryer, Range, Refrigerator
• 🧺 Laundry Features: Electric Dryer & Washer Hookup (New appliances scheduled to arrive) 
• ❄️ A/C: Central Air | Heat/Fuel: Electric
• ⚡ Utilities: Electricity & Water Connected | Sewer: Public 

Pictures:  https://drive.google.com/drive/folders/1Z1zxOaOPDd8N4XDe8TGou8NJBt0jaVNH?usp=sharing

Property Details

Invest in this waterfront pool home featuring a spacious screened pool lanai. The house comes with hurricane windows installed in 2022, a new roof added in 2019,  an A/C installed in 2019,  which significantly reduces the rehab cost meaning larger profits, Pictures after hurricane ⬇️⬇️⬇️ https://drive.google.com/file/d/15DrNcn2TV1y4LSIgVeRKAIzxn61kKorn/view?usp=sharing

New appliances are scheduled to arrive soon. Additionally, the property includes three outbuildings - new 10x10 and 10x12 structures built in 2022 - serving as storage, a workshop, and a tackle shack. Furthermore, the dock, equipped with a covered 6,000 lb boat lift, rests on a private, peaceful inlet of the Little Manatee River, providing easy access for a short boat ride to Tampa Bay

COMPS

818 White Heron Blvd, Ruskin, FL 33570
Sold on 03/29/24   $810,000

309 Carlyle Blvd, Ruskin, FL 33570
Sold on 08/29/24    $800,000

Investor Analysis

This home presents an appealing investment opportunity, combining immediate rental income with significant potential for future appreciation. 

Growing Market: Ruskin is part of the Tampa Bay area, a market with rising property values and increasing demand for rentals due to job growth and population influx.

Large Lot Size: The nearly half-acre lot provides potential for future development or expansion.

No HOA Fees: Reduces overhead, making it more cost-effective to maintain.

Waterfront Location: Its location on a half-acre waterfront lot enhances its appeal and long-term value, especially in Florida's competitive market.

Hot Location: About 10-20 minutes away from Apollo Beach and Little Harbor, and approximately 30-40 minutes from Downtown Tampa, this location offers easy access to city life, dining, and entertainment.

Investment Strategies:

Buy-and-Hold: The spacious property (4 beds, 4 baths) could attract long-term renters, especially families, due to its size and amenities like the pool.

Vacation Rental: With its waterfront access, it’s ideal for short-term vacation rentals, generating significant income.

Value-Add Opportunity: Investors can renovate or modernize the property to increase its market value and rental potential.

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DISCLAIMER:

All offers are Cash or Private Lender Only.

Deposits for all properties are non-refundable.

Properties are sold AS-IS with NO inspection period; Please inspect first.

Buyer pays all closing costs for buyer and sellers.

Rehab Estimate, Projected Rent, and ARV are ESTIMATES based upon the analysis and opinion of Citywide Investments, LLC, actual repair cost, rent, and/or ARV may vary. 

Citywide Investments, LLC is not a licensed contractor or appraiser.

Taxes, Insurance, and Closing Cost are estimates. Actual cost may vary.

Seller has an equitable interest in this property and is advertising the sale of this contract as it is assignable.