Tampa Tear-Down or Full Rehab Opportunity

This 960 sq ft 3-bed, 2-bath wood-frame/stucco home sits on a 5,500 sq ft lot in Tampa. Built in 1956, the home is tenant-occupied (access by appointment) and will require a complete rehab. The property sits on a pier foundation with uneven floors, and records may not reflect additional square footage. Two bedrooms are small, with one larger bedroom, plus an eat-in kitchen, dining, and living room.

Major systems include a 2016 roof, an older AC (approx. 2010), and an unknown-age water heater.

🛠️ Rehab Scope

• Likely full interior and exterior gut rehab
• Foundation/floor leveling
• System updates: AC, plumbing, electrical, water heater
• Cosmetic modernization throughout
• Alternative: teardown and rebuild with ADU potential

🔴 Recently Sold

• 8503 N Temple Ave – 1,194 sq ft, 3/2, built 1960 → Sold $319,000 ($267/sq ft) – updated
• 8718 N Tangerine Pl – 812 sq ft, 2/2, built 1987 → Sold $215,100 ($265/sq ft) – updated
• 8707 Beverly Dr – 1,053 sq ft, 2/1, built 1956 → Sold $278,000 ($264/sq ft) – updated

💰 ARV Insight

Updated nearby homes are trading between $264–$267/sq ft. At 960 sq ft, that supports an ARV in the $250K–$260K range after a full renovation. Given condition and potential teardown with ADU allowance, investors may evaluate both rehab and redevelopment paths.