Tampa 3/1 with Updated Major Systems | Full Rehab Opportunity

This 1957 wood-frame Tampa home offers 3 bedrooms, 1 bathroom, 1,300 heated sq ft and approximately 1,500 total sq ft on a 5,300 sq ft lot. The property has a 2017 roof, 2017 HVAC, updated plumbing and electrical, and a new water heater. It will be vacant at closing and requires a substantial renovation, including kitchen, ceiling and flooring repairs, bathroom updating, exterior work and completion or correction of the unfinished rear garage/workshop area. The parcel is located in Flood Zone X.

Repairs Needed (Estimated)

• Remove remaining contents, debris and overgrown vegetation
• Replace damaged ceilings, drywall and insulation
• New kitchen with new cabinetry, countertops, fixtures and appliances
• Renovate the bathroom
• Install new flooring and complete interior paint
• Repair exterior siding, trim, steps and damaged paved areas
• Evaluate and properly finish or remove the unfinished rear garage/workshop improvements
• Replace damaged doors, trim, lighting and fixtures
• Complete required permits, inspections and final approvals

Comparable Sales

1. 2542 W Hiawatha St – 3/1, 1,142 sq ft, built in 1955, sold May 2026 for $370,000. Renovated with new cabinets, flooring, paint, a 2024 roof and 2023 HVAC. Strong bed, bathroom and age comparison, but superior with block construction and an 8,625 sq ft lot.
2. 1508 W Hamilton Ave – 3/1, 1,108 sq ft, built in 1962, sold July 2026 for $349,900. Freshly painted with terrazzo flooring and a 2025 roof. Smaller and not fully renovated, but superior with block construction, a carport and a 9,000 sq ft lot.
3. 2102 W Kirby Cir – 3/1.5, 1,274 sq ft, built in 1957, sold March 2026 for $415,000. Nearly identical in age and living area with modern updates and a 2025 roof, but superior with an additional half bathroom and a 7,630 sq ft corner lot.
4. 2128 W Elm St – 2/2, 1,411 sq ft, built in 1956, sold April 2026 for $385,000. Fully renovated with quartz countertops, stainless appliances, updated bathrooms and new flooring. Similar age and size, but superior with a second full bathroom and a larger lot.
5. 1701 W Jean St – 3/1.5, 1,382 sq ft, built in 1959, sold April 2026 for $359,000. Well maintained with granite countertops, tile flooring, newer AC and updated electrical. Similar age and size, but has an additional half bathroom and a larger lot.
6. 7507 N Orleans Ave – 3/1, 904 sq ft, built in 1945, sold May 2026 for $280,000. Updated wood-frame home with a renovated kitchen, flooring and interior finishes, but substantially smaller and older than the subject.

ARV & Rental Analysis

Estimated ARV: $365,000 to $385,000 +/-

Estimated Rent: $2,100 to $2,250 per month +/-