Tampa Flip on Oversized Lot

3 bedroom, 1 bath frame home with 1,238 sf on a 9,583 sf lot. Built in 1927, the property has an approximately 20-plus-year-old roof and HVAC system and a 15-plus-year-old water heater. The existing 1,238 sf layout offers potential conversion to a 3 bedroom, 2 bath configuration without assuming additional living area.

Repairs Needed

• Full cleanout and exterior cleanup
• Roof replacement
• HVAC replacement
• Water-heater replacement
• Interior paint, trim, and fixtures
• Flooring replacement or refinishing
• Kitchen renovation
• Bathroom renovation
• Addition of a second bathroom within the existing footprint
• Electrical and plumbing evaluation
• Rear porch, siding, fascia, and screen repairs
• Tree trimming, landscaping, and fence work

Comparable Sales

1. 7507 N Orleans Ave – 3/1, 904 sf, closed 05/12/2026 for $280,000, $310/sf, approximately 0.36 mi. – Updated frame home with a newer roof. Smaller, but useful support for renovated frame construction.
2. 8101 N Dakota Ave – 3/1, 1,422 sf, closed 06/03/2026 for $324,900, $228/sf, approximately 0.74 mi. – Larger move-in-ready home with the same current bed/bath count. Block construction makes it superior structurally.
3. 126 W Jean St – 3/1, 1,176 sf, closed 04/30/2026 for $315,000, $268/sf, approximately 0.98 mi. – Updated frame bungalow with similar living area and configuration.
4. 6912 N Willow Ave – 3/2, 1,129 sf, closed 02/24/2026 for $279,000, $247/sf, approximately 0.11 mi. – Very close renovated 3/2 with an updated kitchen, bathrooms, and a 2019 roof.
5. 1315 W Hollywood St – 3/2, 1,325 sf, closed 06/20/2026 for $375,000, $283/sf, approximately 0.65 mi. – Renovated three-bedroom, two-bath home with newer roof and HVAC. Strong support for the conversion strategy.
6. 8127 N Packwood Ave – 3/2, 1,489 sf, closed 05/19/2026 for $395,000, $265/sf, approximately 0.78 mi. – Larger and newer block home. Useful upper support but superior in size, construction, and age.

ARV & Rental Analysis

Estimated likely ARV: $345,000 to $370,000 +/- Adding a 2nd bath will get the higher end of spectrum

Estimated Rent: $2,350 to $2,550/month +/-