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All Forum Posts by: Jeffrey Tabares

Jeffrey Tabares has started 1 posts and replied 2 times.

Buying & Selling Real Estate

Post: Has anyone rehabbed a 9 bed 3 bath SFR?

Jeffrey TabaresPosted
  • Real Estate Broker
  • Tampa, Fl
  • Posts 2
  • Votes 0

The property rents now as 6bed 2 baths($2,300 per month) on 1 side. 4 beds 1 bath($1,600 per month) on the other side. All one floor. The property as of now is zoned Single family due to years ago making a door out of the dividing wall that separated the 2 units and renting the rooms for $600 per room. Section 8 has been approved at this property but if I was to purchase the property I don't think I would go this route.

It is tough to say what the market rents because it is a unique property.

0 Votes
Buying & Selling Real Estate

Post: Has anyone rehabbed a 9 bed 3 bath SFR?

Jeffrey TabaresPosted
  • Real Estate Broker
  • Tampa, Fl
  • Posts 2
  • Votes 0

I am currently evaluating on purchasing a 9 bed 3 bath (2173 sqft) Single Family Residence. It was previously zoned as a duplex and can be rezoned as a duplex. 

- Purchase price 85K

- Estimated rehab cost - 40K - 47K

Which include: Repairs: 

Replace roof or Patch the roof.
Complete cosmetic rehab needed.
Landscape
Concrete to make the driveway. 

My question to the community is what is your opinion on the highest & best use of this property?

0 Votes