Did Someone Say TWO for ONE?! This opportunity is MORE than what meets the eye; it is one of the hottest investment deals on the market!
This 2-bedroom, 1-bathroom home sits on an oversized lot with incredible potential. Based on the lot's dimensions (10, 700 sqft. Frontage: 100, Depth: 107) it has potential to be split into two separate parcels, making it the perfect opportunity to tear down and build two brand-new homes right in the heart of Tampa.
With comps for both new builds and rentals in the area, this property offers investors the chance to maximize their investment—whether you're looking to build, rent, or sell. While the home is priced primarily for the land value, it’s your opportunity to unlock endless possibilities.
But the deal doesn’t stop here! Right next door at 3407 N. 51st Street, another property is for grabs. That home would make an ideal buy-and-hold rental, a light flip, or another project to add to your portfolio. Together, these properties offer a rare chance to take over the block with multiple opportunities for growth and profit. Must be seen in person to truly appreciate its value.
Don’t miss your chance to kick off 2025 with a bang! Explore this unique investment opportunity and make your mark in Tampa’s thriving market. Room Sizes Approx. BUYER/BUYER'S AGENT IS RESPONSIBLE FOR VERIFYING SQFT, LOT SIZE, ZONING REGULATIONS, ROOM DIMENSIONS, TAXES, and ALL FEES.
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Our Executive Mortgage Banker:
Our Insurance Division:
$200,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $160,000 | $160,000 | $160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.171% | 6.276% |
Monthly Tax Payment | $161 | $161 | $161 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,051 | $1,063 | $1,349 |
Total Monthly Payment | $1,287 | $1,299 | $1,585 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.