UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,573 sqft
Price per Sqft $116
Subdivision Green Ridge Estates Unit 1
MLS Listing ID O6443291
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1974
Annual Tax Amount $6,694
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 77.6x125
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
The potential plan is compelling: create a 3-bedroom, 2-bath living area on one side and a 3-bedroom, 1-bath living area on the other, each with a separate entrance. One side already includes a kitchen, while the second side offers an identified area where a kitchen may be added. The home's broad footprint, multiple living spaces, tiled floors, screened entry areas, driveway parking and corner-lot exposure give a hands-on buyer an adaptable starting point. Photos and video show substantial deferred maintenance and unfinished areas, making this a value-add property for a buyer prepared to complete repairs, improvements and approvals.
Based on the seller's analysis, the proposed configuration may support estimated rents of approximately $2,300 a month for the 3-bedroom, 2-bath side and $2,000 a month for the 3-bedroom, 1-bath side, for potential gross rent of $4,300 a month or $51,600 annually. Using assumptions of 8 points property management and $2,000 in annual maintenance, the calculation is approximately $45,472 before property taxes, insurance, vacancy, utilities, capital expenditures and other expenses. Based on comparable sales and the right renovation, the seller also sees potential for $200,000-plus in equity. All rental, expense and equity figures are estimates only and are not guarantees; buyers should independently verify every assumption.
Location strengthens the investment case. This East Tampa property offers convenient access to I-75, I-4, US-301 and the Selmon Expressway, creating connections to Downtown Tampa, Ybor City, Brandon, Riverview and surrounding employment centers. Shopping, dining and daily conveniences are nearby at Brandon Exchange and throughout the Brandon Town Center and Causeway Boulevard corridors, with restaurants ranging from The Cheesecake Factory and Chick-fil-A to quick-service and local dining options. Grocery and household shopping includes ALDI, Walmart and other area supermarkets and retailers. Entertainment and attractions include Topgolf Tampa, Dave & Buster's Tampa-Brandon, Seminole Hard Rock Hotel & Casino Tampa, the Florida State Fairgrounds and MIDFLORIDA Credit Union Amphitheatre. HCA Florida Brandon Hospital is also within the greater Brandon area.
This is not a turnkey home; it is a renovation opportunity for the buyer who recognizes the upside in a larger-than-average Tampa property with flexible living areas and possible multiple-income potential. The proposed second living area, added kitchen, bedroom and bathroom configuration, separate use, rental strategy and any conversion are subject to zoning, permitting, building-code requirements and all applicable governmental approvals. Buyer must conduct independent due diligence regarding condition, square footage, use, rents, expenses, financing and renovation feasibility. If you are searching for a Tampa investment property, 33619 fixer-upper, value-add real estate opportunity, potential dual-living property or renovation project near Brandon, this Gold Ridge Circle property deserves a closer look.
Location
State FL
County Hillsborough
Community Green Ridge Estates Unit 1
Area 33619 - Tampa / Palm River / Progress Village
Zoning RSC-9
Interior
Interior Features Other
Heating Central, Electric
Cooling Central Air
Flooring Other
Furnishings Unfurnished
Fireplace false
Appliance Microwave
Laundry Inside
Exterior
Exterior Feature Other
Community Features Street Lights
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Y/N No
Water Access No
Roof Type Shingle
Exposure Southeast
Garage false
Private Pool No
Building
Story 1
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Stucco
New Construction false
Schools
Elementary Schools Clair Mel-Hb
Middle Schools Dowdell-Hb
High Schools Spoto High-Hb
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
NEARBY SCHOOLS & PROPERTIES
GET MORE INFORMATION