Tampa, FL Multifamily / Development Opportunity

About this property

Priced at $230,000 with an ARV of $250,000 and a closing date of 08/20/2026, this 2-bedroom, 1-bathroom single-family home was built in 1949 and offers 1,041 square feet on a 0.49-acre lot in Tampa. The property is currently owner-occupied and livable but outdated throughout, featuring a new AC installed this year and a new water heater installed at the end of last year. The roof is approximately 15 to 18 years old and needs work, windows are older but functional, and one bathroom window remains boarded from hurricane-season preparations. The large 0.49-acre lot creates potential for renovation, expansion, or additional development, with a previously planned addition for which permits were reportedly pulled but never completed. Long-term rental potential is $1,820 per month, with Section 8 at $2,240 per month for FY2026. Comparable sales include a 2-bedroom, 1-bathroom, 944-square-foot home built in 1957 sold at $280,000, a 3-bedroom, 2-bathroom, 1,036-square-foot home built in 1959 sold at $318,900, and a 3-bedroom, 2-bathroom, 1,114-square-foot home built in 1960 sold at $325,000. The property sells as-is, with the buyer paying all closing costs and a non-refundable EMD unless title issues arise; this is an assignment or JV deal.

Property snapshot

Deal details