Fixer Opportunity In Tampa

[Dallis Thomas]

📍 **2016 Elmwood Ave, Tampa FL**

**Property Details:**

- Single Family Home

- 3 Beds, 2 Baths

- 1,199 sqfte

- Lot size: 5,600 sqft

- Built-in 1943

**Investment Highlights:**

- **Purchase Price:** $277,000

- **ARV:** $490,000

- **Repair Costs:** $80,000

- No liens, clear title

- Strong bones, needs a complete cosmetic rehab

- Potential profit upwards of $100,000

**Neighborhood Perks:**

- Quiet, nice neighborhood

- Close to schools, parks, shopping centers, and public transport

- properties selling fast!

**Recent Comps:**

- Similar 3/1 property sold for $360,000

2406 Marconi St, Tampa, FL 33605

- 3/2 with 250 more sqft sold for $510,000

2220 Marconi St, Tampa, FL 33605

PS

**Additionally, this property could serve as a rental investment, with similar homes averaging around $2,500 per month in rent. In my opinion, there is just too much cosmetic updating to be done to get to the market rent for it to be the most valuable strategy, but given the increasing demand for rentals in Tampa, this is always an option to consider.

If interested please send me a message or email me at [email protected]

I look forward to speaking with you.

[Zackary C Dunn]

I want to see if I’m possibly missing something.

How did you come to an ARV of $490k when one comp which was the closest was a complete renovation and sold at $360k and the other is not even a comp as it's a new construction home sold for $510k? Also looking at the active MLS photos on Zillow how did you come to the $80k repair budget? Do you have it under contract because it appears to be active on the mls currently for the past 100+ days.

Not trying to pick on you but this is the stuff that gives flippers a bad taste on wholesalers. If I missed something please let me know if not please go learn your numbers and myself and others will be happy to pay any assignment fee for a deal that actually makes sense