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Julia Vakulenko - Broker -

Gallery Map Street view
Front of home Primary Bedroom Bedroom Hallway End bedroom 3 En-suite bathroom 2 Bedroom 2 Bedroom 4 Primary Bathroom Bedroom hallway Kitchen Kitchen Living room Enter to the open living room dining room Dining room side of living room Fireplace in living room Enter to the open living room dining room A/C Side door entry by bedroom 3&4 Fenced backyard Fenced backyard Side of home
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305 E ADALEE ST, TAMPA, 33603

  • $375,000
  • Price changed 07/26/2024 from $355,000, 5.63%
  • 4 Beds, 3 Baths , 1,388 Sq.Ft
  • County: Hillsborough
  • Subdivision: MOREY


Property highlights

  • MLS#: U8246240
  • 7,031.00 lot size Sq.Ft.
  • Year built: 1920

Property Overview

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.

Driving directions : From the 275 going East, take exit E Scott St., turn left onto N Florida Ave, Right onto E Adalee St., Curve south, home will be on your right.

Property Features

Rooms Dimension Description
Living Room First level
Dining Room First level
Kitchen First level , Closet Pantry
Laundry First level
Primary Bedroom First level
Primary Bathroom First level
Bedroom 2 First level
Bathroom 2 First level
Bedroom 3 First level
Bathroom 3 First level
Bedroom 4 First level

Interior Features

  • Living Room/Dining Room Combo
  • Open Floorplan
  • Primary Bedroom Main Floor
  • Thermostat

Appliances

  • Dryer
  • Refrigerator
  • Washer

Heating

  • Central

Laundry features

  • Inside
  • Laundry Closet

Air Conditioning

  • Central Air

Floor Covering

  • Wood

Utilities

  • Public

Exterior features

  • Other

Parking features

  • Driveway

Patio and porch features

  • Front Porch
  • Side Porch

Architectural Style

  • Other

Construction Materials

  • Vinyl Siding
  • Wood Frame

Road Surface Type

  • Asphalt

Roof

  • Shingle

Foundation

  • Crawlspace

Vegetation

  • Mature Landscaping
  • Oak Trees
  • Trees/Landscaped

Listing information courtesy of LAUREN MICHAELS R.E. PARTNERS

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Listing data comes from My Florida Regional MLS.

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