$279,900
Calling all Tampa real estate investors, renovators, contractors and value-add buyers: 8545 Gold Ridge Circle presents a rare opportunity to reimagine a single-story corner-lot property in Tampa, Florida 33619. Offered around $300,000 and more than 600 square feet larger than the nearby comparable homes analyzed by the seller, this Tampa fixer-upper offers the space, layout and location to pursue an income-producing renovation strategy.
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.
3
Beds
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2
Baths
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O6443291
MLS
8545 Gold Ridge Circle, Tampa