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 |
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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 |
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Area | Tampa / Seminole Heights |
Subdivision | MOREY |
City | TAMPA |
County | Hillsborough |
State | FL |
Zip Code | 33603 |
Amenities
Parking | Driveway |
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Is Waterfront | No |
Has Pool | No |
Interior
Interior Features | Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Thermostat |
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Appliances | Dryer, Refrigerator, Washer |
Heating | Central |
Cooling | Central Air |
Fireplace | Yes |
# of Stories | 1 |
Exterior
Exterior Features | Other |
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Roof | Shingle |
Foundation | Crawlspace |
Additional Information
Date Listed | June 11th, 2024 |
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Days on Market | 46 |
Zoning | RS-50 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Tiffany Novitsky |
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Office | LAUREN MICHAELS R.E. PARTNERS |