Property Description:
This 2-bed, 1-bath block home with 704 sq ft of living space sits on a 7,000 sq ft lot in Zephyrhills, FL. Built in 1972, the property is zoned for both residential and commercial use, offering flexibility for future development or unique mixed-use strategies. The house sustained fire damage in one room and will require a full renovation, though its compact footprint should help keep rehab costs manageable.
🛠️ Fire Damage – Full Interior Renovation Needed
The home will need a full gut remodel including roof and structural repair in the fire-affected area, new kitchen and bath, HVAC, electrical and cosmetic finishes throughout. The lot size and dual zoning make this a creative investment opportunity for a rental, flip, or small business conversion.
💰 Market Comps – Limited but Solid Reference Points
🔵 Closed Sales
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38533 8th Ave – 2/1, 792 sq ft, 5,400 sq ft lot, built 1958 → Sold $190K ($240/sq ft) – smaller lot, slightly larger home, older
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5713 13th St – 2/1, 816 sq ft, 5,650 sq ft lot, built 1956 → Sold $240K ($294/sq ft) – older, more finished, slightly larger
🟡 Active/Pending
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5518 11th St – 2/1, 704 sq ft, 7,000 sq ft lot, built 1953 → Pending at $160K ($227/sq ft) – same size lot/home, 19 years older, in livable condition
🏁 Valuation Notes
The subject property is newer than all comps, with the same size and lot as the 11th St pending comp. Adjusting for age, condition, zoning and lot premium:
🧮 Estimated ARV: ~$210K–$220K