Property Description:
This 895 sq ft 2-bed, 1-bath frame home sits on a 6,060 sq ft lot in Tampa Heights. Built in 1945, the property is a classic bungalow style home, and will require updates to reach full market potential.
Repair items include updating interior and exterior, with scope likely covering flooring, paint, kitchen and bath remodels, roof/system checks, and general modernization. ARV is estimated based on complete modernized rehab. Market rent potential is approximately $1,900/month once updated.
🔴 Recently Sold
- · 109 E Woodlawn Ave – 1,008 sq ft, 2/1, built 1924 → Sold $530,000 ($526/sq ft) – fully renovated
- · 114 W Plymouth St – 888 sq ft, 2/1, built 1939 → Sold $290,000 ($327/sq ft) – updated
- · 109 W Adalee St – 952 sq ft, 2/1, built 1915 → Sold $364,000 ($382/sq ft) – renovated
- · 720 W Peninsular St – 1,174 sq ft, 2/1, built 1925 → Sold $405,000 ($345/sq ft) – updated
📌 Investor Insight
Updated bungalows in this pocket are selling between $327–$526/sq ft. At 895 sq ft, this supports an ARV a pretty wide range of $295K–$400K, depending on the level of renovation and finishes. With a wholesale marketing price of $215K and moderate rehab required, the property has strong potential in a high-demand neighborhood.