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THREE PATHS TO PROFIT - CHOOSE YOURS! This property isn't just a house - it's a profit engine with multiple exits. Same address, different visions, all lucrative. OWNER OCCUPANTS: Renovate this home YOUR way and let the detached 400+ SF structure work for you. Convert it to an ADU and generate $1,200-$1,400/mo, use it as a studio, gym, workshop, or Airbnb. Build equity through your own finishes instead of paying for someone else's choices. FHA 203(k) and Homestyle loans let you buy + renovate with one loan and one closing. Mature trees offer privacy; oversized lot gives room for gardening, play, pets, chickens, or a future pool. Live how you want while a tenant or short-term rental offsets your mortgage. LANDLORDS: Two rents, one property. Main house at $2,100+/mo plus ADU potential at $1,300+/mo = $40,800+/yr in income with an all-in basis under $325K. Census tract shows 95%+ absorption and only 1.1 months of inventory"”this area MOVES. Separate buildings mean separate entries, utilities, and privacy with far fewer tenant conflicts. No HOA. Expect a conservative 7% cap rate with strong appreciation as nearby renovated properties close between $286K-$433K. DSCR-friendly. Excellent long-term hold. FLIPPERS: Straightforward renovation play. ARV approx. $375K with a targeted $60K-$80K rehab. Comps support higher: $432K (May), $342K (July), $309K range (Feb-June). Flip timeline estimated at 90-120 days. Add ADU completion to push ARV toward $450K+ as Tampa buyers pay premiums for income properties. Renovated homes average 35-83 DOM. Layout is contractor-friendly with no major load-bearing complications. A clean, efficient flip in a high-demand submarket. THE CANVAS: Detached 400+ SF structure = pure flexibility: income suite, workshop, office, gym, studio, or Airbnb. Large lot offers usability rarely found in Tampa at this price point. Corner-adjacent location provides visibility without heavy traffic. Landscaping needs cleanup but transforms quickly into strong curb appeal. THE REALITY CHECK: Property requires full renovation (roof, interior, exterior, code items). That's the opportunity: move-in-ready homes here sell for $350K-$430K. Renovate this one and capture the value spread. Investors know: the best margins come from homes retail buyers avoid. SELLER MOTIVATION: Work directly with owner"”fast communication and flexible terms. Open to traditional purchases, seller-financing contributions, JV structures, lease-options, subject-to terms, or extended closings for renovation loans. Need 14 days? Possible. Need 90 days for a construction loan? Negotiable. Strong offers get quick answers. LOCATION VALUE: Seminole Heights-adjacent with visible ongoing investment. Minutes to USF, downtown (15 min), Tampa International Airport (20 min), and I-275. Public water/sewer. Flood Zone X (low risk). This is not "up-and-coming""”the growth is already here. YOUR MOVE: Tour the property, bring your contractor, and run your numbers. Whether you're creating your own home, building a rental portfolio, or executing a flip, this property delivers multiple profitable paths. Creative offers welcome. Sold AS-IS. Buyer responsible for inspections, due diligence, and code remediation.
| DAYS ON MARKET | 1 | LAST UPDATED | 12/7/2025 |
|---|---|---|---|
| TRACT | HAMNERS MARJORY B & W E FLO | YEAR BUILT | 1953 |
| COMMUNITY | 33612 - Tampa / Forest Hills | COUNTY | Hillsborough |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | Forest Hills-HB |
|---|---|
| Jr. High School | Memorial-HB |
| High School | Chamberlain-HB |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | None |
| AREA | 33612 - Tampa / Forest Hills |
| CONSTRUCTION | Brick, Frame, Metal Siding, Stucco |
| HEAT | Central, Electric |
| LOT | 6970 sq ft |
| LOT DESCRIPTION | Level, Near Public Transit, Paved |
| LOT DIMENSIONS | 62x115 |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Bungalow |
| SUBDIVISION | HAMNERS MARJORY B & W E FLO |
| TAXES | 4596.55 |
| UTILITIES | Cable Available, Electricity Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
MORTGAGE CALCULATOR
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Listing provided by Erek Kirsten, KIRSTEN REALTY INC, 800-687-2052
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 12/8/25 7:30 AM PST.
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