Large single family in Pasco County (Tampa FL) for $59k. Great rental or flip potential.

[Colin G Murphy]

Hi everyone

Myself and some partners purchased a 1552 sq ft single family home at a Pasco County foreclosure auction recently. Our original intention was to renovate, tenant and sell turnkey to investors, but we are rehabbing 7 other properties at the moment and would like to explore wholesaling this instead.

This is a clean and safe location just off Embassy Blvd and with easy access to the 19 into Tampa and St. Petersburg. The property needs new paint and upgrades to the kitchens and bathrooms. There is also potential to add a third bedroom.

The demographics are perfect for landlords with low crime, low unemployment and settled middle class families who are attracted to the area for its affordability. Average incomes in the neighborhood are now over $53,000, a huge jump from just 15 years ago.

Residents in this street have lots of amenities on their doorstep – the Regency Square Outlet with shops and restaurants are just a 5-10 minute walk away.

Property Address: 9126 MARK TWAIN LN PORT RICHEY, FL34668

Sales Price: $59,900

Property Type: Single Family Home

Bedrooms: 2

Bathrooms: 2

Size Sq Ft: 1552

Year Built: 1979

Property Tax: $1,200

Market Rents: $950 - $1050 per month

Local Area Report: DOWNLOAD

Google Map Link: https://goo.gl/maps/dg2n3

Local Info (from city-data.com)

Median Income Growth since 2000: 132%

Median Household Income: $53,667

Median Home Sale Price: $93,927

Unemployment Rate: 4.1%

Median Age of Residents: 45

Please send me a private message if you are interested in viewing and/or learning more.