💎 TAMPA HEIGHTS CORNER LOT: 3/1 BLOCK + ADU POTENTIAL 💎

THE NUMBERS

Wholesale Price: $325,000

Renovated ARV: $450,000 - $450,000+ (Conservative residential comparable; higher with commercial variance)

Estimated Rehab: $35k - $45k (Cosmetic only; major systems are done)

Gross Margin: ~$100,000+ spread for a cosmetic turnover.

THE ASSET

Address: 614 W Dr Martin Luther King Jr Blvd, Tampa, FL 33603

Format: 3 Bed / 1 Bath | 1,264 sqft | Block Construction

Zoning Strategy: Corner Lot on MLK Blvd. Currently RS-50 but situated on a high-traffic commercial corridor.

Systems Status: TURNKEY SHELL.

ROOF: Replaced April 2025 (Permitted)

HVAC: Replaced 2025

Electric: 200 AMP Panel Upgrade complete

THE PROJECT

Cosmetic Value-Add: This is a "lipstick" flip. The heavy lifting (roof, AC, electrical) is already paid for. Budget focuses strictly on kitchen, bath, flooring, and paint.

ADU Bonus: Property features the remains of a ~580 sqft detached structure with block walls still on site. Existing footprint may allow for expedited permitting of a Guest House / income-producing ADU (significant value booster in Tampa Heights).

Structure: Solid block home with a crawl space. One localized subfloor repair needed in the bathroom wet area-standard fix during bath demo.

LOCATION CATALYST

North Tampa Heights: The path of progress is undeniable. You are surrounded by new construction projects and mixed-use developments selling well into the $1M+ range.

Rental Demand: Perfect for a buy-and-hold BRRRR investor. Pro-forma rent is $2,500/mo, creating a solid cap rate after refinance.

TERMS

• Cash or Hard Money Only
• $5,000 EMD (Non-refundable)
• Buyer pays all closing costs
• Close in 30 Days

FIRST TO DEPOSIT WINS.