For Sale Single Family Residence 2 Bedrooms 829SqFt at TAMPA - MLS TB8460052

This property has the status Pending

Under contract-accepting backup offers. BACK ON MARKET! Buyers fell through! Bring your highest and best! This home has attracted a lot of investors because of LOCATION! Calling all investors, flippers, and developers — rare opportunity in the heart of Old West Tampa’s Northeast Macfarlane neighborhood. This 2-bedroom, 1-bath home, originally built in 1944 and situated on a 4,791 square foot lot, is ready for a comprehensive rehab, reconstruction, or redevelopment project on a quiet, established block with surrounding renovation activity and rising comps. The existing structure is compact at approximately 829 square feet but offers remarkable upside for strategic visionaries. The property has not transacted since 1991, leaving significant equity potential once brought up to modern standards or reimagined entirely on its existing footprint. Recent market estimates reflect the neighborhood’s improving fundamentals and nearby renovation momentum. With modest property taxes and a location that places it within close proximity to key West Tampa corridors, this lot sits poised for reimagination. Investors can capitalize on rising investor interest, ongoing neighborhood reinvestment, and steady increases in nearby sales prices. Whether the path is a ground-up custom build, a full demo followed by premium single-family construction, or a high-return flip after structural overhaul, the site delivers flexibility and a compelling cost basis. Nearby properties have shown increasing value and active renovation activity, underscoring the strong demand for redeveloped homes in this central Tampa market. Downtown Tampa, Westshore, Raymond James Stadium, and major employment centers are just minutes away, enhancing long-term resale and rental prospects for value-add projects. Ideal for experienced investors, developers, and builders with a vision to transform a classic West Tampa parcel into modern housing. Don’t miss this chance to acquire a property with significant upside potential in an appreciating area. Submit your proposal today and unlock the value waiting to be realized.