Pennington Rd, Tampa, FL 33624

Rehab / Notes

15 day Post Occupancy with $8,000 Escrow Hold Back

CBS w/ Detached Garage & NO FLOOD ZONE!

Great opportunity for experienced investors looking for a value-add project in Tampa. This 3-bedroom, 3-bath single-family home sits on a .34 acre corner lot and features a functional layout with a family room, dining area, kitchen with breakfast nook, and a converted garage space offering additional utility. The property includes a detached 2-car garage and a covered front patio, providing solid potential for resale or rental once renovated.

Property will require a full rehab. New roof and new AC will be needed. Exterior repairs are needed, including a hole in the wall, damaged siding components, and landscaping cleanup. Interior condition reflects significant wear new drywall, baseboards, and door casings will need an update. Flooring is a mix of laminate, tile, and exposed concrete, with many areas requiring replacement. Kitchen cabinets are in fair condition but may need updating; bathrooms require cleaning, repairs, and fixture replacement, including a vanity in the master.

Comps:

5116 ALICE RD – 3/2 – 1,865 sq ft sold for 520k 2018 – build original finishes

5123 NASHVILLE DR – 4/2 – 1,560 sq ft sold for 450k outdated

5135 NASHVILLE DR – 4/2 – 1,522 sq ft sold for 445k outdated