π°Very High ROI!π΅
π‘4/4 Ruskin Waterfront SFH
πPrivate Pool,No HOA
QuickFlip β οΈ Verified Reno Budget
Buy: $469,000
ARV: $810,000
Rent: $2500/mo
PRIVATE LENDING
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Key Features:
- π 4 Beds, 3 Full Baths, 1 Half Bath
- π Waterfront Property on Little Manatee River
- π³ Oversized Lot: 21,780 sqft
- π New Roof Added in 2019
- βοΈ Screened Pool Lanai
- πͺ Hurricane Windows Installed in 2022
- π₯Fireplace: Yes
- π½οΈ New appliances scheduled to arrive
- βοΈ A/C: Central Air | Heat/Fuel: Electric
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 property has hurricane windows installed in 2022 and a new roof added in 2019. It has never flooded before Hurricane Helene and did not flood during Milton.
Pictures after hurricane β¬οΈβ¬οΈβ¬οΈ 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, part of the Tampa Bay area, benefits from rising property values and strong rental demand due to job growth and population increase.
- Large Lot Size: The nearly half-acre lot offers opportunities for future development or expansion.
- No HOA Fees: Helps reduce ongoing costs, making the property more cost-effective to maintain.
- Waterfront Location: Its position on a half-acre waterfront lot adds significant appeal and long-term value in Florida's competitive market.
- Hot Location: Conveniently located 10-20 minutes from Apollo Beach and Little Harbor, and 30-40 minutes from Downtown Tampa, providing 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.
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