Description
Cash or Hard Money Only!! Great opportunity for investors. Single family home on HUGE LOT (146 feet deep) in S. Tampa NORTH OF GANDY!!! EXCELLENT UPSIDE POTENTIAL! 1st option: Buyer can choose to completely remodel home for $100k and afterwards have over $100k in equity!! Remodeled comps are ranging between $550 and $575k, thats a 22% ROI. 2nd option buyer can demo existing home and build a 5bed/3bath/2car garage with 3,000 sq. ft. for roughly $400k and then sell for $950-$975k, thats over a 26% ROI, unheard of returns!!! Seller is a licensed building contractor who can also facilitate the build for the right buyer. Valley National Bank is sellers preferred lender who can handle construction loans if you choose. Beautiful remodel right next door and 3 brand new builds going up literally 2-3 doors down on either side. Existing home is block construction built in 1952. 3bed/2bath with front office/bonus room and enclosed rear porch. ALL PRIOR LIENS have been satisfied by owner and home was just completely cleaned out from what seemed to be a hoarder situation. Topographic survey available. ~~ NO BLIND OFFERS WILL BE CONSIDERED ~~
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4BEDS
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0.21ACRES
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2BATHS
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01/2 BATHS
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1,678SQFT
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$209$/SQFT
School Ratings & Info
Description
Cash or Hard Money Only!! Great opportunity for investors. Single family home on HUGE LOT (146 feet deep) in S. Tampa NORTH OF GANDY!!! EXCELLENT UPSIDE POTENTIAL! 1st option: Buyer can choose to completely remodel home for $100k and afterwards have over $100k in equity!! Remodeled comps are ranging between $550 and $575k, thats a 22% ROI. 2nd option buyer can demo existing home and build a 5bed/3bath/2car garage with 3,000 sq. ft. for roughly $400k and then sell for $950-$975k, thats over a 26% ROI, unheard of returns!!! Seller is a licensed building contractor who can also facilitate the build for the right buyer. Valley National Bank is sellers preferred lender who can handle construction loans if you choose. Beautiful remodel right next door and 3 brand new builds going up literally 2-3 doors down on either side. Existing home is block construction built in 1952. 3bed/2bath with front office/bonus room and enclosed rear porch. ALL PRIOR LIENS have been satisfied by owner and home was just completely cleaned out from what seemed to be a hoarder situation. Topographic survey available. ~~ NO BLIND OFFERS WILL BE CONSIDERED ~~
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