UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,547 sqft
Price per Sqft $151
Subdivision Hamners Marjory B & W E Flo
MLS Listing ID TB8454545
Bedrooms 3
Full Baths 2
Construction Status Fixer
HOA Y/N No
Year Built 1953
Annual Tax Amount $4,596
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 62x115
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
This property isn't just a house – it's a flexible opportunity with multiple exit strategies. Same address, different visions, all with strong upside.
OWNER OCCUPANTS:
Renovate this home exactly the way YOU want it and take advantage of the detached 400+ SF structure as bonus space. Perfect for a studio, workshop, gym, office, guest quarters, hobby space, or multi-generational living (EFR use may be permissible—verify with city). Build equity through your own design choices instead of paying retail for someone else's. FHA 203(k) and Homestyle renovation loans allow you to purchase and improve with one loan and one closing. Mature trees add privacy, and the oversized lot gives you room for gardens, pets, play areas, or future outdoor improvements. Live your vision and unlock the home's full potential.
LANDLORDS & INVESTORS:
The main house is a strong rental performer with area rents averaging $2,100–$2,190/mo. The detached structure offers additional utility for tenant storage, workshop space, home office, or multi-generation housing (EFR). Census tract data shows 95%+ absorption and low inventory—this submarket moves fast. With renovated comparables closing between $286K–$433K, the upside is clear. Excellent long-term hold in a high-demand corridor.
FLIPPERS:
Classic value-add opportunity. Estimated $60K–$80K mid-range renovation with a projected ARV in the mid-to-upper $300s based on recent area comps. Straightforward layout with no known major load-bearing complications, making for an efficient 90–120 day project timeline. Renovated properties here average 35–83 DOM. Strong resale demand supports a clean, profitable flip.
THE CANVAS:
The detached 400+ SF building offers exceptional flexibility—studio, gym, office, storage, workshop, or extended-family space. Large lot provides usability that's hard to find in Tampa at this price point. Corner-adjacent placement offers visibility without heavy traffic. Landscaping cleanup will dramatically boost curb appeal.
THE REALITY CHECK:
The property requires a full renovation (roof, interior, exterior, and code items). That is exactly where the opportunity exists. Move-in-ready homes nearby regularly sell for $350K–$430K. Renovate this one and capture the spread retail buyers cannot access.
SELLER MOTIVATION:
Direct owner—fast communication and flexible terms. Open to traditional purchases, renovation-loan timelines, and creative structures when appropriate. Quick responses to strong offers.
LOCATION VALUE:
Seminole Heights–adjacent with visible ongoing investment all around. Minutes to USF, downtown (approx. 15 min), Tampa International Airport (approx. 20 min), and I-275. Public water/sewer. Flood Zone X (low risk).
YOUR MOVE:
Tour the property, bring your contractor, and run your numbers. Whether you're planning your next home, expanding a portfolio, or targeting a flip, this property offers multiple profitable paths.
Sold AS-IS. Buyer responsible for all inspections, due diligence, and code remediation. All uses subject to local zoning and permitting.
Location
State FL
County Hillsborough
Community Hamners Marjory B & W E Flo
Area 33612 - Tampa / Forest Hills
Zoning RS-60
Rooms
Other Rooms Attic, Bonus Room, Inside Utility
Interior
Interior Features Split Bedroom
Heating Central, Electric
Cooling Central Air
Flooring Carpet, Ceramic Tile, Vinyl
Furnishings Unfurnished
Fireplace false
Appliance None
Laundry Laundry Closet
Exterior
Exterior Feature Sidewalk
Fence Chain Link, Fenced, Wood
Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Sewer Connected, Water Connected
View City
Roof Type Shingle
Porch Covered
Garage false
Private Pool No
Building
Lot Description City Limits, Level, Near Public Transit, Sidewalk, Paved
Story 1
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Architectural Style Bungalow
Structure Type Brick,Metal Siding,Stucco,Frame
New Construction false
Construction Status Fixer
Schools
Elementary Schools Forest Hills-Hb
Middle Schools Memorial-Hb
High Schools Chamberlain-Hb
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Trade, FHA, Lease Option, Lease Purchase, Owner Financing, VA Loan
Listing Terms Cash, Conventional, Trade, FHA, Lease Option, Lease Purchase, Owner Financing, VA Loan
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8454545
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