For Sale: 3 Investment Gems in Tampa Bay

Property Overview 1

Address: 718 E Wood St, Tampa, FL 33604

Asking Price: $250,000

Property Type: Single-Family with ADU

Bedrooms and Bathrooms: 4 Beds and 3 Baths

Square Footage: 1,013 Sqft

Projected Monthly Rent: $2,700

View Photos: Photos

Charming 3-bedroom, 2-bath home (813 sqft) with a cozy 1-bedroom, 1-bath in-law cottage (400 sqft) nestled in a tranquil neighborhood near parks and swimming facilities. The main house has a 12-year-old roof and central AC, while the cottage has a 9-year-old roof. Previously rented for $1,500 and $1,050, respectively, this delightful property offers irresistible charm and appeal. Just minutes away from Busch Gardens, Downtown Tampa, and local universities, this home is currently contracted to provide a cap rate of over 9.2%, with projected rent of at least $2,700 a month!

Property Overview 2

Address: 97 S Adams St, Beverly Hills, FL 34465

Asking Price: $188,000

Property Type: Single-Family Home

Bedrooms and Bathrooms: 2 Beds and 2 Baths

Square Footage: 2,252 Sqft

Projected Monthly Rent: $1,900

ARV: $250,000 – $270,000

View Photos: Photos

This single-family home on a spacious lot of over a quarter acre offers great potential. It features a concrete block structure with a circular driveway and over 2,200 square feet of space. Although it currently has 2 bedrooms, it can easily be converted back to 3 bedrooms to increase its value. Highlights include a detached garage, a screened-in porch, and a large backyard.

The home has a sturdy metal roof, reducing major repair costs. We recommend a full interior remodel, HVAC system update, and landscaping to boost curb appeal. With smaller updated homes selling for over $265,000, this property promises strong returns.

Property Overview 3

Address: 508 NE Crystal St # 522-524, Crystal River, FL 34428

Asking Price: $355,000

Property Type: Multi-family | 1 Duplex | 1 Single-Family

Bedrooms and Bathrooms: 5 Beds and 4 Baths | All Units

Square Footage: 2,112 Sqft

Projected Monthly Rent: $3,450

View Photos: Photos

This turnkey income property in Crystal River, FL, is a rare opportunity. Conveniently located near the Suncoast Parkway, and close to schools, shopping, and dining, it’s less than a mile from Three Sisters Springs and Kings Bay.

The property includes a duplex with two 1-bedroom, 1-bathroom units, and a single-family home with 3 bedrooms and 2 bathrooms. Each building is 1,056 square feet with its own driveway and separately metered utilities.

The duplex has been recently renovated with updated bathrooms, kitchens, flooring, and new mini-split air conditioners. The single-family home features central AC and is in good condition. Currently, two units are occupied, with the third set to be rented soon. The property will generate $3,450 per month from day one: Currently rented for $1,450 from the 3/2 single-family home, $1,000 from one 1/1 unit, and $1,000 from the second 1/1 unit, which will be occupied on 6/14. This is a solid investment for any portfolio.