11513 Valencia Dr, Seffner, FL 33584
2 bd 1.5 ba 2,054 sqft
Year built: 1984
Check out this Hillsborough Duplex!
This duplex is located in Seffner!
A lovely & quiet residential area
Only 20 minutes from downtown Tampa.
The first unit is a 3/2 in excellent shape.
With an updated kitchen & tile throughout.
It’s rented for $1,300 with a lease up to July 22′.
The second unit is 2/1 in second-hand shape.
It has new AC and an updated bath.
It’s rented for $800 on an MTM basis.
The property is in great shape!
It has a new roof from last year.
With some paint and cosmetics
You can increase the rent by more than 50%
The 2/1 can rent for $1,550 and the 3/2 for $1,750
What a return… over 13% gross cap!
Add this one to your portfolio…. hurry up and lock it up!
Comps
3 comps in the 0.54-mile range sold for an average price of $267K.
The first comp is a second-hand home in move-in condition. It’s partly dated but in good shape. Sold for $270K more than 1 year ago. The second comp is described as in need of full renovation including a roof. Sold in auction for $266K only 3 months ago. The third comp is a second-hand home in dated but decent shape. It’s rent ready. Sold for $265K more than 1 year ago.
All of the comps have only 2 beds and 1 bath on each side. The subject has 3/2 and 2/1. The first and last comp sold more than 1 year ago in good shape around $265K-$270K. The second comp sold only 3 months ago in bad shape for $266K.
Considering the subject’s superiority in bed/bath count, and the inferior condition of the second comp, we estimate a subject AS-IS value of $280K.
Available on 06.27.2022
Don’t let this excellent opportunity pass you by! Get it yours now!
Make An Offer On This Property
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The sale of these properties may be contingent upon a successful close by the Buyer under Contract with the Current Owner. Seller may not be the owner of record of the property at the applicable court jurisdiction; however, the Seller holds equitable interest in the property along with the owner of record and such interest is documented through an executed Purchase and Sale Agreement