All Forum Posts by: Devon Garbus

Do you own the property or?

What are the dimensions of the lot? Can it be split?

infill lots, th or sf? Looking for a subdivision?

Yes give. Me a call

Great opportunity to build 4 townhome units in a quad like configuration of 2 in front and 2 in rear. Similar designs surround this property on both sides as well as across the street. With access off both Albany and the paved alley this is a common design in the area. Located within easy walking distance to Hyde Park shopping, dining and bars. Less than 6 mins drive to downtown, or under $9 via Uber.

The average size for similar 3 story units in the immediate area have been roughly 2600 SF and have sold in the $590's to low $600's.

Lot Size 64 x 125

Zoned PD

Survey and proposed site plan in for PD are attached. The first hearing on the PD is Dec 14th. Closing is by February 22nd and is contingent upon the PD having been approved.

Asking is $570k

http://mfr.mlsmatrix.com/DE.asp?k=4521941XNKQ4&p=DE-215846265-212

Here are the comps in the immediate vicinity going back through last year. I used these comps to include the project on the next corner east that finished last spring and sold for over $600,000/unit.

Projections:

Sale Price:  $600,000

Closing costs and commissions: $48,000

Land cost:  $142,500

Construction Cost (3150 sq ft total each X $85/ft): $267,750

Profit: $140,000. 34% RoI

255 x 150

County Land use will allow 7 units (2 duplexes and 1 triplex). No Site Plan required- straight to design/permit

With the limited number of units that can be built on this site there's a tremendous ability to build nice wide and deep units. At this price point it's hard to imagine not being able to make a nice return on your money.

$434,000 ($62,000 per door) .

I' go to $2

@Eric Most

Robinson high school is an A rated school, has been for a few years now. You can verify this at a number of sources...

https://www.homesnap.com/schools/FL/Tampa/Robinson...

https://www.niche.com/k12/robinson-high-school-tam...

The IB program is the best in the county, and the JROTC program has a fantastic simulator for kids wanting to join the air force.

My assistant accidentally marked it ToM for a few hours, it's still live. SHowings difficult until tenant moves out.

Just hit the MLS today.

http://mfr.mlsmatrix.com/DE.asp?k=4521941XNKQ4&p=DE-195212773-944

This is literally the CHEAPEST single family home north of Gandy blvd in South Tampa! THis 2/1 with a pool needs some lipstick. Interior photos will come after tenant moves out on 8/13.

Don't wait, dress it up rent it out and ride the appreciation in an amazing area with A rated schools. After cosmetics are fixed current value is 220+.

Divorce sales= good deal for you!

~250 will be your average down there for something nice but not amazing in a decent neighborhood. CLoser you are to water etc the more expensive it will be.