This 2-bed, 1-bath, 1,499 sqft home in East Tampa is listed at $100K, which is well below the median comp prices in the area. Nearby homes of similar size are selling from about $210K up to $329K, and the comp data suggests an ARV in the $175K–$174K range for a 2/1, and up to $153K–$136K if you add a bed or bath. The property has some red flags: an open code violation, no permitted improvements on the rear structure, and needs significant repairs (no AC/heating, appliances, or recent upgrades). Still, the low price and upside in the neighborhood make it intriguing for the right buyer.
If you’re an investor, there’s real flip potential here—just make sure you factor in the cost of bringing it up to code and any major repairs. For homeowners looking to sell, handle the code violations, tidy up, and market the lot’s potential (possibly as a 3/2 or larger) to maximize appeal. Don’t forget, cash buyers are probably your best bet given the state of the property and financing hurdles.