Northwest Tampa Value-Add Opportunity

This 1971 single-family property is approximately 1,720 sq ft, four-bedroom, three-bathroom opportunity.  The county has flagged some some of the additions as done without permitting, so we are analyzing this under the guise of removing that work.  If you pulled the permits and made sure it was done correctly, it would add an additional 800 sf or so. The rest of the structure sits on a 6,100 sq ft lot and has a metal roof, white ceramic tile flooring, multiple cooling systems, separate-access potential and extensive concrete parking. The property will be vacant at closing, with access by appointment. An active county building-code compliance matter is associated with the additions, and the intended scope includes demolition, permitted restoration and confirmation of the final legal layout.

Repairs Needed

• Demolish the marked 581 sq ft bedroom and bathroom wing and related additions
• Properly disconnect and cap electrical, plumbing and mechanical components
• Reconstruct exposed exterior walls, roof edges, soffits, fascia and drainage
• Restore affected slabs, flooring, exterior finishes and weatherproofing
• Confirm the retained approximately 1,720 sq ft four-bedroom, three-bathroom layout
• Resolve county case HC-CMP-24-0000213 and complete required permits and inspections
• Renovate the retained kitchen and bathrooms to strong retail condition
• Complete interior and exterior paint, fixture, finish and site improvements

Comparable Sales

1. 7813 N Matanzas Ave – 4/3, 1,578 sq ft, built in 1962, sold May 2026 for $460,000. Fully updated with a quartz kitchen, stainless-steel appliances, renovated bathrooms, new flooring, fresh paint and updated lighting. Nine years older than the subject and the closest overall comparison in size and configuration.
2. 7908 N Thatcher Ave – 4/4, 1,515 sq ft, built in 1957, sold February 2026 for $493,000. Same-street sale renovated with a 2025 roof, quartz countertops, wood cabinetry, stainless-steel appliances, central air and fresh paint. Fourteen years older and superior by one bathroom, with some listing and public-record discrepancies.
3. 6213 N Cameron Ave – 4/3, 1,437 sq ft, built in 1960, sold December 2025 for $460,000. Updated four-bedroom home with the same bathroom count. Eleven years older and approximately 283 sq ft smaller than the proposed retained structure.
4. 7804 N Jamaica St – 4/2, 1,358 sq ft, built in 1961, sold May 2026 for $414,999. Fully renovated with an updated kitchen, modern flooring, renovated bathrooms, new doors and updated hardware. Ten years older, approximately 362 sq ft smaller and inferior by one bathroom.
5. 6017 N Hale Ave – 4/3, 1,342 sq ft, built in 1959, sold February 2026 for $410,000. Updated with stone countertops, ceramic tile and renovated finishes. Twelve years older with the same bedroom and bathroom count, but approximately 378 sq ft smaller.
6. 3904 W Hamilton Ave – 4/3, 1,605 sq ft, built in 1962, sold May 2026 for $530,000. Completely renovated with a new roof, AC, electrical and plumbing, plus multiple kitchens, two in-law areas and a detached accessory unit. Nine years older and similar in size, but substantially superior in legal utility and treated as an upper-end outlier.

ARV & Rental Analysis

Estimated ARV: $440,000 to $450,000 +/-

Estimated Rent: $2,900 to $3,200 per month +/-