Property Description
Under contract-accepting backup offers. THREE PATHS TO PROFIT – CHOOSE YOURS!
This property isn’t just a house – it’s a flexible opportunity with multiple exit strategies. Same address, different visions, all with strong upside.
OWNER OCCUPANTS:
Renovate this home exactly the way YOU want it and take advantage of the detached 400+ SF structure as bonus space. Perfect for a studio, workshop, gym, office, guest quarters, hobby space, or multi-generational living (EFR use may be permissible—verify with city). Build equity through your own design choices instead of paying retail for someone else’s. FHA 203(k) and Homestyle renovation loans allow you to purchase and improve with one loan and one closing. Mature trees add privacy, and the oversized lot gives you room for gardens, pets, play areas, or future outdoor improvements. Live your vision and unlock the home’s full potential.
LANDLORDS & INVESTORS:
The main house is a strong rental performer with area rents averaging $2,100–$2,190/mo. The detached structure offers additional utility for tenant storage, workshop space, home office, or multi-generation housing (EFR). Census tract data shows 95%+ absorption and low inventory—this submarket moves fast. With renovated comparables closing between $375K–$433K, the upside is clear. Excellent long-term hold in a high-demand corridor.
FLIPPERS:
Classic value-add opportunity. Estimated $60K–$80K mid-range renovation with a projected ARV in the $375K–$433K range based on recent area comps. Straightforward layout with no known major load-bearing complications, making for an efficient 90–120 day project timeline. Renovated properties here average 35–83 DOM. Strong resale demand supports a clean, profitable flip.
THE CANVAS:
The detached 400+ SF building offers exceptional flexibility—studio, gym, office, storage, workshop, or extended-family space. Large lot provides usability that’s hard to find in Tampa at this price point. Corner-adjacent placement offers visibility without heavy traffic. Landscaping cleanup will dramatically boost curb appeal.
THE REALITY CHECK:
The property requires a full renovation (roof, interior, exterior, and code items). That is exactly where the opportunity exists. Move-in-ready homes nearby regularly sell for $350K–$430K. Renovate this one and capture the spread retail buyers cannot access.
SELLER MOTIVATION:
Direct owner—fast communication and flexible terms. Open to traditional purchases, renovation-loan timelines, and creative structures when appropriate. Quick responses to strong offers.
LOCATION VALUE:
Seminole Heights–adjacent with visible ongoing investment all around. Minutes to USF, downtown (approx. 15 min), Tampa International Airport (approx. 20 min), and I-275. Public water/sewer. Flood Zone X (low risk).
YOUR MOVE:
Tour the property, bring your contractor, and run your numbers. Whether you’re planning your next home, expanding a portfolio, or targeting a flip, this property offers multiple profitable paths.
Sold AS-IS. Buyer responsible for all inspections, due diligence, and code remediation. All uses subject to local zoning and permitting.
Property Details
Area
Hamners Marjory B & W E Flo
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. © MIAMI Association of REALTORS®, all rights reserved.
