Another opportunity to secure a value-add investment in the heart of West Tampa, an area experiencing continued redevelopment, new construction, and infrastructure improvements. Conveniently located near Downtown Tampa, Midtown, and Westshore, the property benefits from ongoing neighborhood revitalization, including the newly opened Publix at West River, just a short drive away.
The property presents an extensive fix-and-flip opportunity, requiring a comprehensive renovation that includes replacing the existing metal roof, new flooring, interior and exterior painting, kitchen and bathroom upgrades, and modern finishes. Investors may also explore adding an additional bedroom and bathroom to maximize functionality and resale potential.
Strong comparable sales within approximately a half-mile radius support a projected $365,000 ARV, with nearby three-bedroom, two-bathroom homes demonstrating resale values in the mid-to-upper $300Ks. There is also potential upside beyond the $365K ARV depending on the renovation quality, finishes, and improvements to the existing layout.
Alternatively, investors can explore a ground-up new-construction opportunity, with substantial new-build activity and encouraging resale values throughout the surrounding neighborhood. This provides two potential investment strategies: renovate and resell or pursue new construction, depending on investor objectives, development feasibility, and projected returns.
With strong surrounding comps, continued redevelopment, and multiple exit strategies, this West Tampa property offers compelling value-add potential for investors looking to capitalize on the area's ongoing transformation.
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