Ugly Tampa House Screaming for an Investor

This 2-bedroom, 1-bathroom wood frame home is located in the Eastern Heights neighborhood of Tampa. Built in 1957, the property has 856 sq. ft. of living space and will be delivered vacant. While currently a 2/1, the homeowner has filed a permit to expand the footprint into a 3-bedroom, 2-bathroom layout.

🛠️ Rehab Scope (Estimated)

• Finish out installing majors
• Drywall, texture
• Full cosmetic (floors, kitchen, bath, paint)
• Pressure wash and repair wood siding; refresh landscaping on the lot.
• Expansion Option: Execute the filed permit to add square footage and convert the layout to a 3/2.

🟣 Comparable Sales

1. 4407 N 41st St – 2/1 | 816 sf | Sold $240,000 ($294/sf) | 11/07/2025 | Condition: Renovated (Ideal Comp)
2. 4208 E Cayuga St – 3/2 | 952 sf | Sold $249,000 ($262/sf) | 01/14/2026 | Condition: Updated (Shows 3/2 value)
3. 4213 E Osborne Ave – 2/1 | 680 sf | Sold $194,999 ($287/sf) | 01/06/2026 | Condition: Standard/Dated

            New Construction / Rebuild Comps (For Land Value/Rebuild Context Only)

1. 4241 E Palifox St – 3/2 | 1,644 sf | Sold $425,000 ($259/sf) | Late 2025 | Condition: New Construction
2. 4704 N 42nd St – 3/2 | 1,465 sf | Sold $370,000 ($253/sf) | Late 2025 | Condition: New Construction
3. 4004 E Osborne Ave – 3/2 | 1,273 sf | Sold $330,000 ($259/sf) | 10/29/2025 | Condition: New Construction

💰 ARV Analysis

The most direct comp, 4407 N 41st St, sold for $240,000 as a renovated 2/1. If the property is expanded to a 3/2, the value pushes slightly higher toward $250,000 (see 4208 E Cayuga St).

Estimated ARV (Renovated): $220,000 – $230,000 +/-