High-Equity Flip or Multi-Unit Rental Near Downtown Tampa

This unique 4-bedroom, 4-bathroom block home includes a separate 420 sq. ft. ADU and sits just 10 minutes from Downtown Tampa and Armature Works. Built in 1920, the main house offers 2,088 sq. ft. of living space (2,508 total living sq. ft.) with a flexible layout featuring a private entrance studio on the first floor. High-ticket items are already addressed with a new metal roof, new hurricane windows, and permitted electrical, plumbing, and framing that has passed inspections. The property is currently in the finish-out stage and requires completion to reach top-tier market value.

🛠️ Rehab Scope (Needs)

• Interior Finish Out: Installation of sheetrock (materials included), interior paint, and all flooring.
• Kitchen & Bath Completion: Final installation of cabinetry, stone countertops, and appliances for both units.
• HVAC: Final installation of units (ductwork is already completed).
• ADU Completion: Finish interior electrical and aesthetic updates for the 420 sq. ft. 2/1 unit.
• Exterior & Landscaping: Full exterior cleanup and landscaping refresh to maximize curb appeal.

🟣 Comparable Sales

1. 17533 NW 110th Ct – 3/2 | 1,391 sf | Sold $805,680 ($579/sf) | 2022 Built | 10.03 Acres
2. 16675 NW 112th Ct – 3/3 | 2,870 sf | Sold $1,050,000 ($366/sf) | 2004 Built | 18.11 Acres
3. 15851 NW 115th Ct – 3/2 | 1,712 sf | Sold $592,500 ($346/sf) | 2021 Built | 6.42 Acres
4. 18050 NW 144th Ave – 2/2 | 1,618 sf | Sold $650,000 ($402/sf) | 2004 Built | 3.8 Acres
5. 15620 NW 112th Ave – 3/4 | 2,501 sf | Sold $750,000 ($300/sf) | 2006 Built | 4.98 Acres

💰 ARV Analysis

Based on the combined 2,508 sq. ft. of living space (2,088 sf main + 420 sf ADU) and the proximity to high-growth areas like Ybor City and Downtown Tampa, fully renovated homes in this pocket are selling for $240/sf and up. With the added value of a separate income-producing unit and the high-ticket items (roof, windows, structural) already addressed:

Estimated ARV: $499,000 – $550,000 +/-