Rental Opportunity

Great property in Tampa with lots of cash flow upside. Property needs a partial rehab to get rent ready. Demo work and drywall completed; you can finish the rehab to your preference. Large double lot, .45 acre, fenced yard, well & septic, metal roof, new windows. Needs approximately $25k to finish kitchen, bathroom, flooring, baseboards, paint, and AC. Laundry room can have an added toilet and sink to make it a 1/2 bath.

Tampa, Florida

• 4 bedrooms
• 1 bath (currently)
• 1,291 SF
• Lot size 0.45 acres
• Double lot
• Frame house built in 1947
• Estimated $25k to complete rehab
• Selling as an As-Is property

Depending on level of rehab - Rental comps $1,950 - $2,200 / ARV comps $240,000+

Rental Comps

• 4617 N John Bell Jr. Dr - 4/2 - 1364sf - Partially Renovated - Leased 3/23 - $2,195
• 4811 E Curtis St - 3/1 - 900sf - Renovated - Leased 6/23 - $1,950
• 4224 E Chelsea St - 4/1 - 1080sf - Partially Renovated - Leased 11/22 - $1,950

Sold Comps

• 3412 N 48th St - 3/1 - 1104sf - 1962 - Rehabbed - Sold 3/24/23 - $235,000
• 3806 Temple St - 3/1 - 1033sf - 1959 - Gutted / No work - Sold 5/4/23 - $170,000
• 3715 N Garrison St - 3/1 - 858sf - 1955 - Renovated (Block) - Sold 3/23 - $250,000

Asking $169,900 (Net to Seller)