Tampa Seminole Heights Flip

[Justin Denham]

Pictures: https://drive.google.com/open?id=1J8SmdIx8UdDdTZFlBHaNU1K1WSDgbmSk

What we have here:
1525 SF 3/2 with Huge Corner Lot. This is listed by the property appraiser 2/1, but a Master Suite and Plumbing has already been added to make it a 3/2. You may need to do some after the fact permitting.

2 year old roof with new trusses (homeowner is a licensed roofing contractor)
Fairly new A/C (I don't know the exact date
Most of the house has newly dry walled and textured walls
No Kitchen demo. It's wired and plumbed, but they never put any cabinets up
Master bath was plumbed and partially dry walled, but you have a clean canvas to work on
Wood sub-floor Needs leveling

HOUSE IS NOT VACANT
Call or email for access to view.

Address(s):
1802 Mobile Ave, Tampa

Selling Price:
$131K NET

Comps:
1309 E Caracas St Sold for $240K ($176/SF) - This one crosses a larger road, so maybe not the best comp
1909 E Louisiana Ave Sold for $174.9K ($197/SF)  - Top Notch Rehab one block away
1907 E Ellicot St Sold for $139.8K ($116/SF) - Minimal remodel

By the Numbers (our best guestimate at costs):

*Numbers are an estimate. You should conduct your own due diligence before making a decision to purchase.
ARV: $248,575
Rehab: $48,000
(Kitchen: $10,000, Flooring: $8,000, Bathrooms (2): $7,000, Paint: $3000, Electrical/Plumbing: $2000 Landscape/Fence: $3,000, Hardscape: $5,000 Miscellaneous: $10,000)
Profit: $69,575