Quick Ruskin Flip! $340K+ Instant Equity on 4/4 SFH – Buy $470K, Rent $2500/mo

Ruskin, FL, 33570 view full address
For Sale
Listed at: October 19th, 2024
Price
$469,000
ARV
$810,000
Gross Margin
$341,000
Sq. Footage
2364
Type
Single-Family
Parking
Carport
Year build
1978
Lot size
0.45 acres
Bedrooms
4
Bathrooms
3
Half Bathrooms
1
If someone buys for this price, no more offers will be accepted
Summary


πŸ’°Very High ROI!πŸ’΅

🏑4/4 Ruskin Waterfront SFH

🌊Private Pool,No HOA



 QuickFlip βœ…οΈ 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

 

Buy: $469,000
ARV: $810,000
Rent: $2500/mo

PRIVATE LENDING

Are you interested in private lending for this deal or any deal? We can help. Call or text us for more information!

Call or Text Us: 321-384-5006

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
  • β˜€οΈ Screened Pool Lanai
  • πŸͺŸ Hurricane Windows Installed in 2022
  • πŸ”₯Fireplace: Yes
  • 🍽️ New appliances scheduled to arrive
  • ❄️ 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 ⬇️⬇️⬇️ 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.

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Ellen Harmon

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