Wow! There is so much going on with this one and so many potential exit strategies, I will try to cover it all..
This property is located in UNINCORPORATED HILLSBOROUGH COUNTY and zoned Residential Multi-family Commercial -20.
DEVELOPERS, The house sits on the east side of the half-acre lot. After reviewing the county setback requirements and a land survey, there is a potential to split the lot. There is a play here with developing the second lot or scraping the lot and starting from scratch. Because of the zoning, you could consider going multi-family or splitting into multiple single-family lots.
LANDLORDS, the 1550 sqft house is currently split into two units and the electricity is already metered separately. The main house is 3 Bed 2 Bath and the second unit is 1 Bed 1 Bath. , with a facelift, renting both units out would generate great income. Being located in Unincorporated Hillsborough County, there is a short-term rental potential as well!
FLIPPERS, this house has good bones. With a tasty remodel, this property can be re-sold for a decent profit. The second unit’s kitchen is currently not considered under heated square footage and could be an easy value add. As I mentioned above, the lot is huge and the setbacks also open up the opportunity to split the lot and make money on the land!
Please do your own due diligence.
Call now for a showing – (813) 524-5333