Additional Details

• Important Details: --> Vacant at close --> Flood Zone X (No flood insurance needed) --> HOA is $110/month (Covers external maintenance, roof)
• Features: Under 40K in Tampa, FL — Studio condo offering 336 SQFT with a strong affordability price point and low carrying costs. This property will be delivered vacant at close and is located in Flood Zone X (no flood insurance required). The HOA is only $110/month and covers exterior maintenance and the roof, helping limit long-term expenses. With its low entry price and Tampa location, this presents a solid opportunity for a rental hold or light value-add project.
• Potential ARV: $95,000-$105,000
• Rehab Description: The unit will require a full interior renovation. Update the flooring, kitchen, bathroom, fixtures, and finishes throughout, apply fresh interior paint, and complete a deep clean to create a clean, market-ready product.
• Comparable Rent: $700-$750/MO
• Ideal Investment Strategy: Rental/Resale
• Construction: CBS
• Comp 1: 1262 E 113TH AVE, #H112, TAMPA, FL 33612 1/1 322 SQFT 1984 Build PEDNING @ $59,000 (16 Days on the market) (Being sold as-is/dated)
• Comp 2: 1264 E 113TH AVE, #J204, TAMPA, FL 33612 1/1 476 SQFT 1984 Build SOLD @ $113,000 3/25/25 (Slightly bigger/updated)
• Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Hard Money