E Lake Ave, Tampa FL 33603

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This will require a full rehab, including roof and possibly adding a 2nd bath. The square footage is enough to make it a 3/2.

This neighborhood has a lot of rehab activity and great comps for very similar homes. For the best return, we recommend adding a 2nd bath and turning it into a 2/2 or 3/2 (plenty of square footage), but even as a 2/1 there is a good comp nearby. Renovated homes in this area sell for upwards of 250/SF, so this one is a steal.

Seminole Heights, Stratford Place, No HOA

Est. Rehab: $60,000 +/-

Est. ARV: $250,000 – $275,000

Recent Area Sales / Activity:

• 3805 N TAMPA ST-  2/1, 1058 sf, Built 1916, Sold for 271,960 on 3/5/20
• 105 W WOODLAWN AVE – 3/1, 973 sf Built 1933, Sold for 265,000 2/4/20
• 904 E 25TH AVE – 2/2, 1208 sf Built 1920, Sold for 253,000 on 2/15/20
• 3909 N ARLINGTON AVE – 3/2, 1306 sf Built 1919, Pending for 334,900 (pending in 8 days, nicely updated)
• 800 E GENESEE ST – 3/2, 1216 sf Built 1908, Pending for 268,000 (pending in 10 days)