305 East Adalee Street, TAMPA, FL

$375,000

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4

Beds

3

Baths

1,388

Square feet

0.16

Acres

About 305 East Adalee Street

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.

Features of 305 East Adalee Street

MLS® # U8246240
Price $375,000
Bedrooms 4
Bathrooms 3.00
Full Baths 3
Square Footage 1,388
Acres 0.16
Year Built 1920
Type Residential
Sub-Type Single Family Residence
Style Other
Status Active

Community Information

Address 305 East Adalee Street
Area Tampa / Seminole Heights
Subdivision MOREY
City TAMPA
County Hillsborough
State FL
Zip Code 33603

Amenities

Parking Driveway
Is Waterfront No
Has Pool No

Interior

Interior Features Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Thermostat
Appliances Dryer, Refrigerator, Washer
Heating Central
Cooling Central Air
Fireplace Yes
# of Stories 1

Exterior

Exterior Features Other
Roof Shingle
Foundation Crawlspace

Additional Information

Date Listed June 11th, 2024
Days on Market 7
Zoning RS-50
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentTiffany Novitsky
OfficeLAUREN MICHAELS R.E. PARTNERS

Listing Map

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