3/2 1,295 SQFT Main Unit With a 792 SQFT ADU 🏚️ Tampa FL, 33604

Description

1,295 sq ft main unit with a 792 sq ft ADU

Year Built: Main home 1958, Mother-in-law Suite- 1988
3 Beds
2 Baths
Main home: 2/1, ADU: 1/1
Square Footage: 2087
ADU Is Turnkey
Lot Size: 8,184 sqft
HVAC: Original
Roof: Original, needs replacement
Renovations Needed: Cosmetically everything, 4 points; estimated 80-100k repairs

Comps:
• 5910 N Highland Avenue Tampa, FL 33604 Pending for 700k 4 bed 3 bath
• 5017 N Suwanee Avenue Tampa, FL 33603 Active 725k 3 bed 2 bath
• 5708 N Central Avenue Tampa, FL 33604 Sold 1/05/2024 for 750k 3 bed 3 bath
• 5111 N Branch Avenue Tampa, FL 33603 Sold 10/12/2023 for 780k 3 bed 2 bath
• 5912 N BRANCH AVENUE, TAMPA, Florida 33604 sold 10/04/2023 for 675k 4 bed 3 bath5409 N Seminole Ave – $720k – Very similar set up to the subject with a detached ADU. This comp is similar in overall size and bed/bath count, however may have some slightly superior upgrades.328 W Rio Vista Court – $685k – Similar overall square footage and includes a detached ADU. Overall very similar to the subject with a high level of updating.Location: N Seminole Heights Area, West of I275
Foundation: Good
Seller Disclosures: N/A
Septic or Sewer: Sewer
Central or Window Unit: Central AC for both units
Electrical System: Original
Access: Sight unseen preferred, Inspection report available upon requestAdditional Information:Utilities: Water, gas, utilities
Zoning and Permits: REN0 Res SF Class (Everything permitted)
Tenants: 2 tenants, one occupying the main for $800. Airbnb is used for Mother-in-law suite
Mortgage: Paid off
Liens or Unpaid Taxes: None
Property Features: Huge space compared to the ones in the area with a beautiful outdoor view as well as a nice design for both homes, with the mother-in-law being a 2 story.
Seller Details:Time Seller Been Living There: 20 years
Timeframe for Closing of Escrow: on or before April 30th
EMD: $5,000

Wholesale Price: $450,000
ARV: $700,000