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305 E Adalee St Tampa, Florida 33603 MLS# MFRU8246240
CASH ONLY Fixer-Upper in Prime Tampa Location with rough plumbing, rough electrical and framing. Opportunity Overview: This is a rare investment opportunity to purchase a nearly-completed property at a significantly reduced price. The project is perfect for an investor looking to add their personal touch to the finishes and fixtures, or for a savvy flipper aiming to resell at a substantial profit. *Key Features: 1. Prime Location: - Situated in a central location with charming brick streets and majestic hundred-year-old Oaks. - Just minutes from Downtown Tampa, Armature Works, Amalie Arena, and other popular destinations. 2. Strong Market Potential: - Comparable homes in the area are selling for well over half a million dollars, ensuring a high resale value. 3. Essential Upgrades Already Completed: - New Roof installed in 2024. - Newer AC and a brand new water heater for modern efficiency and reliability. - An added bathroom for an extra en-suite bedroom/bathroom, increasing the property's value and appeal. Appliances and fixtures on site Washer/dryer, refrigerator, 3 pedestal sinks and 1 toilet. 4. Additional Improvements: - Indoor laundry closet with complete hookups for convenience. - Added pantry closet to enhance kitchen functionality. *Investment Benefits: - High ROI Potential: - With the heavy lifting already done, you can focus on the high-return aspects of the project – choosing finishes and fixtures that appeal to the market. - Flexibility: - Customize the property to your taste or according to current market trends to maximize appeal and resale value. - Seller's Loss is Your Gain: - The seller ran out of cash, which is an excellent opportunity for you to capitalize on the remaining work at a fraction of the cost. - The fireplace is not warranted and hasn't been tested by the current owner, providing an opportunity to either renovate it as a unique feature or repurpose the space creatively. This property is a diamond in the rough, positioned for significant appreciation in a coveted neighborhood. Don’t miss out on this lucrative investment opportunity to complete and capitalize on a near-finished project in a booming real estate market. Contact Us Today, Act fast to secure this cash-only deal and transform this promising property into a high-value asset.
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