$399,900 list price
location_onTAMPA, FL 33610 · Hillsborough County
LOCATION LOCATION LOCATION +! NOTE TO BUILDER/INVESTORS: Potential for either 2 homes or a mega home on this property. This is a prime location, mid-century block-on-slab corner-lot home, with a 2nd detached 832 sq. ft (3-car sized) garage/outbuilding on the other lot, with toilet rough-in), on nearly 1/2 acre on 2 lots, with fabulous views & surroundings, in one of the most coveted pockets of homes, in highly desirable Seminole Heights. NOTE: The original builder in 1953 was smart by building the home entirely on 1 lot. This left a huge yard, with the 2nd lot buildable at that time. Later however, the 2nd owner/contractor, added an extension onto one end of the house at the master bedroom, which later became the master bath room & laundry room; However the lot-line setback was then encroached by about 7 feet, leaving the other lot (with the detached 832 sq ft structure) unable to be separated, but is correctable. SO: The home is lovely and livable as it is, although some tlc is in order and some updates would be timely for the market. However, for the experienced builder/investor, it is a potential $1.1M+ opportunity. SEE SURVEY ATTACHED: You'll have to do your own due diligence, (and permits & any variances aside), but there is plenty of property to accommodate and accomplish the following, and the location supports & justifies the investment to profitably develop this property: Home last updated 22 years ago, the Owner/Broker was considering these several different options to maximize the property value, now for you to consider as investor: 1.) Update the home/landscaping/& systems to luxury level. 2.) Do only basic systems & moderate updates to the home-- plus convert the outbuilding into a 1 or 2 bedroom In-Law House (for total of 2 houses on the property). 3.) Make the home into a serious estate property with a luxury renovation, plus large new sq ft addition to the home. Or 4.) Modify the footprint of the master bath extension by a few feet as nec. (to adjust for adequate setbacks), allowing the property to be separated into 2 lots (ie: creating a selloff lot), and then build another spec home on that one. Each are potentially profitable options as you consider this property. "High & dry" up on a hilly crest, 1 street off Park Circle & Hillsborough River, where folks come from all over the County to walk & ride bicycles well into the evening, cruise in golf carts, & enjoy 5 beautiful parks (3 are riverside), all within a 5-or-10-minute stroll. Restaurant & new gastro-pub just around the corner, and an abundance of trendy new eateries within a 5 min drive. Under 15 min to Downtown Tampa, 7 mins to Lowry Park/Zoo & public boat ramps. Note: Although technically a 3/2, the home is better described as a "larger 2/2"; The master & 2nd bedrooms are big & roomy, but the 3rd bedroom is probably more suitable as a sunroom, office, nursery, or a large walk-in closet for the master bedroom. Cash only, no appraisal contingency, and is being sold as-is. Unless waived, inspections to be completed prior to contract signing. Interior photos to be added shortly. Owner occupied and no sign on property; Shown by appt only to verified buyers. Profitable opportunity with features, benefits, value, & options that you cannot find anyplace else. All representations are made in good faith, however buyer is responsible for verifying any measurements & specs as needed, incl all due diligence and research considered critical to your intended plans.
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$79,980 down
Loan amount $319,920
Estimated monthly principal & interest
$2,022
Estimate excludes taxes, insurance, HOA dues, PMI, lender fees, and financial advice.
JAXON WOLFE COMPANY
813-625-4444
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