Property Description:
This unique income-producing setup in Tampa’s 33613 corridor features two separate houses on one lot, with dual electric meters and residential/commercial zoning. This property offers multiple exit strategies for rental, redevelopment, or mixed-use use. The front structure is a 5-bed, 1-bath, 1,478 sf 1951 block home that needs a full interior renovation. The rear structure is a 2-bed, 1-bath with 610 sf home in rent-ready condition. Both roofs appear in good shape. Prior rents were $2,600 (front) and $1,200 (back), giving an as-is income upside while renovations are performed. Access by appointment.
🛠️ Rehab Scope
- Front House (5/1 – full rehab):
- Full interior renovation: flooring, paint, kitchen, bath, doors, fixtures
- Electrical & plumbing upgrades (older 1950s construction—verify active systems)
- HVAC replacement likely
- Window/door updates
- Exterior paint + yard cleanup
- Back House (2/1 – light rehab):
- Touch-up paint, minor punch-list repairs
- Check mechanicals + service AC
- Optional: cosmetic refresh for ARV-level finish
🔵 Comparable Sales
- 13110 Mitchell St – 3/2 | 1,072 sf | 1957 | Lot 9,295 sf – $321,000 ($299/sf) – Fully renovated resale level
- 317 E 132nd Ave – 3/2 | 1,314 sf | 1954 | 0.29 ac – $369,999 ($282/sf) – Updated interior
- 302 E 137th Ave – 4/3 | 1,952 sf | 1964 | 0.42 ac – $460,000 ($236/sf) – Large renovated home
- 1204 E 138th Ave – 2/2 | 1,367 sf | 1957 | 0.26 ac – $385,000 ($282/sf) – Updated home
- 717 E 137th Ave – 3/3 | 1,865 sf | 1989 – Pending at $375,000 ($201/sf) – More modern build
ARV Analysis
Renovated comps cluster between $236–$300 per sf for updated 1950–1960s inventory on similar lot sizes.
Given the dual-structure setup, mixed-use zoning, and total combined square footage:
Likely ARV Range:
$425,000 – $450,000