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Hillsborough County Β· Tampa, FL 33614

🚨🚨 Must Sell - West Tampa 4/2 Block 🏠 for $255,000 - Full Rehab πŸ› οΈ

$275,000
4
Beds
2
Baths
1,020
Sq ft
1962
Year built
$125K spread

About this property

WEST TAMPA - PINECREST | 4/2 BLOCK HOME | FULL GUT REHAB

$255,000 CASH - NET TO SELLER

4 bed / 2 bath concrete block home with a 2-car carport in the Pinecrest neighborhood of West Tampa. This is a full remodel for experienced investors only - the house needs everything.

Scope of work

  • Roof (active leaks - bring your tarps and your contractor)
  • A/C system
  • Windows
  • Water heater
  • Full cosmetic rehab throughout
  • Likely plumbing and electrical, including a new panel

The numbers

  • Asking: $275,000 cash, net to seller
  • Rehabbed comps in the neighborhood are selling in the high $300,000s
  • Solid spread for a flip, or hold it as a long-term rental in a rapidly appreciating pocket of West Tampa
  • Retail Comps
  • 6401 N Hale Ave - Sold for $395,500
  • 6202 N Hale Ave - Sold for $380,000
  • 6017 Blossom Ave - Sold for $399,000
  • 6214 N Clark Ave - Sold for $399,900
  • Cash Comps
  • 5808 N Lois Ave - Sold for $290,000
  • 4518 W Fern St - Sold for $250,000
  • THE LOCATION

West Park Estates in the Pinecrest / Egypt Lake area of 33614 - inside the Dale Mabry corridor. 10 minutes to Tampa International, 10 to Raymond James, 12 to Westshore/International Plaza, 15 to downtown.

Minimal flood zone - outside both the 1% and 0.2% floodplains. Big deal for insurance and resale.

  • Zip has averaged 7.4% annual appreciation over 5 years; typical value ~$353K, recent nearby sales $349K-$615K
  • 3BR rents in 33614 average ~$1,988, topping $2,600 - a renovated 4/2 with a carport sits at the top of that band
  • 6,184 SF lot, 1962 block construction, minutes to Publix, Dale Mabry retail, and the 5-acre West Dog Park
  • Neighboring Idlewild parcels trading as townhome redevelopment sites - the street is turning over

Access: House is vacant - can be shown any time.

Sellers are motivated and we are considering all offers.

Sold as-is, where-is. Cash only.

Property snapshot

Layout4 Bed / 2 Bath
Living area1,020 sq ft
Year built1962
Property typeTownhouse
CountyHillsborough County

Deal details

Asking price$275,000
ARV estimate$399,900
Spread (ARV βˆ’ asking)$124,900
Brought to you by
M
Ms. Meriam Aberri
Miami Off-Market Deals
+1 (305) 762-9521office.royal.investments@gmail.com1 Alhambra Plaza, Penthouse Floor, Coral Gables, FL 33134

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The numbers

Asking
$275K
ARV est.
$400K
Spread
$125K
Run this in the flip calculator
M
Ms. Meriam
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