Off Market 4/2 with separate 1/1 in Ybor Heights

Details

Great property in Ybor Heights. Main house is a 4/2, and there is an additional structure that contains 1 bed and 1 bath, with a kitchen and living room (seller states not permitted). Best comp is 1002 E 21st. It’s on a busy road (but subject property is not), sold for 495k on Feb 2. (The comp is 500 sq ft smaller on tax rolls and 100 sq ft smaller on the listing.) Rehab estimate includes all cosmetics, new roof, replacing the upstairs deck, new electrical box. Also have 14k budgeted for any electrical and plumbing work needed, due to it being an older property.

THE NUMBERS

Price Opinion: $495,000

Rehab Estimate: $120,000

Average Lease Price: $3,325

Down Payment: $ 10,000

CLOSING DATE:  Sold!