Accepting Offers – Tampa Flip or Hold🏠 Buy $279K ARV $470K – Little Work Needed

Description

Recently Remodeled 3/2 Tampa Home
Flip or Hold
💰33% ROI/ 6 FIGURE FLIP POTENTIAL!
BUY: $275,000
ARV: $470,000
RENT: $2,500/MO

Key Features:
🏡 3 beds, 🛀2 Full ba
🚫 No HOA
🚘 2 Driveways for 3 cars
🏠 Roof, ❄️ AC/ Heating system Replaced in 2019
Floors, Kitchen Cabinets, Countertops Upgraded in 2021
🌆 Less then 15mins from Ybor City
Current SFH rent is $2500/mo, if converted to a Duplex could rent for more.
Property Details
Remodeled 3 bed/2 bath Home in Tampa with No HOA. The property has 1,380 sq ft interior, featuring central cooling and an electric forced air heating system which was replaced in 2019.

The property had several updates made in 2019 including the roof, AC and water heater. The floors, cabinets, countertops, and other upgrades were made in 2021.

The home was converted to a duplex but will need to either convert back to a 3/4 bd, 2 ba SFH home or go through zoning to change use.

Currently, the property is vacant and would bring great profits to the right investor.

Investor Analysis
The recently remodeled property is a rare investment opportunity to flip for big profits or keep as a rental. With recent updates and minimal rehab needed, it promises strong returns.

Pros:
High ARV Potential: Substantial profit margins
Recent Upgrades: Major systems (roof, AC, water heater, electric) updated in 2019; floors, cabinets, and countertops in 2021.
No HOA: Lower costs and more flexibility for modifications.
Prime Location: Less than 15 minutes from Ybor City, enhancing demand and appeal.
Cons
Duplex Conversion: Needs conversion back to a single-family home or zoning approval to maintain duplex status, which may add costs and time.
Investment Strategies:
Flip Potential: Significant upside (6-Figure Potential) with minimal additional investment needed.
Rental/ BRRRR: Ideal location and condition for steady rental income with minimal upkeep. The city only allows a minimum of 1 week of the lease period. Only under those circumstances can be used for Airbnb
Flexibility: Option to convert back to a single-family home or maintain as a duplex, allowing strategy adaptation based on market demand.
Conclusion: This property offers strong returns for both flipping and rental strategies, with recent upgrades, prime location, and flexibility in use. Vacant and easy to show, it presents a hassle-free acquisition with immediate profitability potential.

Comps:
909 E Crenshaw St, Tampa, FL 33604
Sold: $560,000

209 E Hamilton Ave, Tampa, FL 33604
Sold: $500,000

1209 E Crenshaw St, Tampa, FL 33604
Sold: $482,000