Buying frenzy: “A state or period of uncontrolled excitement or wild behavior.”
Investment Real Estate has risen 3% in the East Tampa Area, from 31st street – back down to Ybor City – mostly East of Nebraska Ave.
The Reason: Older Distressed E. Tampa investment homes are being purchased up by the “Fix – Flip” Real-Estate investors, but why East Tampa? Distressed Tampa homes can still be renovated and sold under 150k, and are in high demand due to the FHA – VA loan’s popularity. Because of this dynamic; East Tampa is the best place to invest. Renovated home prices, and buying investment properties to renovate in the 33603 | 33605 areas; has gotten a bit expensive though, compared to the old days of 20k bungalows available in abundance due to this buying frenzy, but thats ok!
Thanks to God and the investment Real-Estate investers; the rate of homeownership in this area has skyrocketed! The great thing about pride of homeownership is the dramatic decrease in crime, the areas beautification, and the bringing of stable families with great values witch is always good for our young ones.
Here is a great example of what you can buy In Ybor, walking distance from my home and business.
2808 N 17TH ST, TAMPA, FL 33605
|County: Hillsborough||Status: Active|
|List Price: $134,400|
|Beds: 2||Year Built: 1930|
|Baths: 1/0||Special Sale: None|
|Pool: None||ADOM: 23|
|Style: Single Family Home||CDOM: 23|
|Location: Corner Lot|
|Total Acreage: Up to 10,889 Sq. Ft.||Pets:|
|Minimum Lease Period: No Minimum||Max Times per Yr:|
|Garage/Carport: None, Drive Space|
|LP/SqFt: $97.39||SqFt Heated: 1,380|
|Total SqFt: 1,380|
Just renovated with granite countertops, all new appliances, New HVAC and much much more! This Historic Ybor Bungalow has tons of curb appeal and sits on a nice quiet corner lot just behind the Historic Cuesta-Rey Cigar Factory. Features large, spacious rooms, tall ceilings and a nice metal roof. Sold with Home warrantee + New HVAC with a 10 year warrantee. Seller has never occupied property, no seller disclosures available. Room sizes are approx. See historic map.. in photos..
Contact Scott Lubik LRA
PIQ Realty – 2515 1st Ave N. St. Petersburg, FL, 33713
Cell – 813-330-6801