CALLING ALL “FIRST TIME” AND SEASONED REHABBERS LOOKING FOR A PROFITABLE TAMPA HEIGHTS FIXER UPPER!!If you’re in the market for a great investment property, take a look at this 3 bedroom, 1 bath single family home located in Tampa Heights, a highly desirable community in Tampa, FL. The neighborhood is bordered by Hillsborough Avenue on the north, Downtown Tampa to the south, Interstate-275 on the east, and North Boulevard on the west. This historic neighborhood is just north of the Hillsborough River. This is the cheapest 3 bed, SFH in the entire zip code. The layout of this home makes it an easy project for the “first time” investor and a slam dunk for the seasoned investor.
“As-Is” Value = $140,000
“AFTER-REPAIR” VALUE = $215,000
Estimated Repairs = $33,600
YOUR WHOLESALE PRICE =$128,000
Close By Date: ASAP!
Access: Call For Access Instructions
Recommended Repairs
This property needs a strong, Mid-Level renovation which should take no more than 60 days to complete by an experienced construction crew. Once completed, this property will easily sell due to its close proximity to Ybor City and Seminole Heights. This property sits on a double lot, which can be subdivided and used to build an another property in the future, for additional income potential. Property is next door to the Tampa Fire Rescue Station 5, and near all major Highways Once completed, this project will easily generate a great profit ($20,000+). Renovated properties in this community are taking an average of 14 days to go under contract and are selling for $194.46 per Sq./Ft.
Recent Comparables
- 105 W WOODLAWN AVE, TAMPA, FL 33603 – 147 Sq. Ft. smaller. SOLD for $265,000.
- 208 W NORTH BAY ST, TAMPA, FL 33603 – Same Sq. Ft. as subject. SOLD for $255,269.
- 4111 N CENTRAL AVE, TAMPA, FL 33603 – Fully renovated. SOLD for $239,900 in 29 days.
- 923 E IDA ST, TAMPA, FL 33603 – Fully renovated. SOLD for $215,900 in 8 days.
- 3810 N TAMPA ST, TAMPA, FL 33603 – Not renovated. In good condition. SOLD for $205,000 in 0 days.
- 3704 N MARGUERITE ST, TAMPA, FL 33603 – NOT renovated. SOLD “As-Is” for $160,000. 167 Sq. Ft. smaller.
- 107 E WOODLAWN AVE, TAMPA, FL 33603 – NOT renovated. SOLD “As-Is” for $160,000 in 15 days. 148 Sq. Ft. smaller.
Terms
This property is available via our “Assignment Program”. We have entered into a purchase contract with the current owner to buy the property. We will sell our equitable interest in this contract to a third party via assignment for a fee. A local, reputable title company and/or attorney will be enlisted to handle the closing and transfer of title.”
All properties are sold for cash or hard money on a “First Come, First Served basis”. Buyers responsibility to do your own due diligence and verify all information. Prices are NET to seller with buyer paying all closing costs, including any Agent/Broker commissions. Opinions of value/rents are given as a courtesy and no guarantees are expressed or implied. A minimum of $3,000 deposit and fully executed assignment agreement required to secure the property. Our properties move fast so contact us quickly if you have an interest in purchasing this property.
Hurry! To make us an offer ASAP! Properties like this don’t last long.