635 Luzon Ave, Tampa, FL 33606
Prime real estate on a corner lot in highly sought after Davis Island. The value is in the land and the best way to maximize your return is to replace the existing single family home with a larger and more modern structure that conforms with the trends of the neighboring properties. This street has newer built homes on it and is ready for one more. We recommend keeping the pool and resurfacing it, then adding a 4,000 to 5,000 square foot single-family home. The lot size is approximately 83 X 100 square feet and is slightly larger than the comps provided. The current home is approximately 1,659 square feet, the property features 4 bedrooms, 2 bathrooms, a bonus room, and a screened-in pool and hot tub. Recent updates include a new air conditioner, duct work, and tile flooring throughout. The master bathroom has been remodeled and the pool pump was replaced in 2018. Property features a circular driveway but does not have a garage and there is a privacy fence surrounding the back yard. While this is a new build opportunity, with some sweat equity the right investor could turn this into a profitable flip project. Off market properties in this area are rare and usually go quickly Contact us for cost projections and more pictures
Investor Price $623,990
After Repair Value $2m
Rehab Level Moderate
Projected Income over $420,000 after costs
Available on 07.31.2020
Don’t let this excellent opportunity pass you by! Get it yours now!