210 W Linebaugh Avenue, Tampa, FL 33612 (MLS # TB8454545)

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View Virtual Tour PRICE $235,000 BEDS 3 BATHS 2 HOME SIZE 1,547 sqft LOT SIZE 6,970 sqft Request More Info Schedule a Showing

THREE PATHS TO PROFIT - CHOOSE YOURS! This property isn't just a house - it's a profit engine with multiple exits. Same address, different visions, all lucrative. OWNER OCCUPANTS: Renovate this home YOUR way and let the detached 400+ SF structure work for you. Convert it to an ADU and generate $1,200-$1,400/mo, use it as a studio, gym, workshop, or Airbnb. Build equity through your own finishes instead of paying for someone else's choices. FHA 203(k) and Homestyle loans let you buy + renovate with one loan and one closing. Mature trees offer privacy; oversized lot gives room for gardening, play, pets, chickens, or a future pool. Live how you want while a tenant or short-term rental offsets your mortgage. LANDLORDS: Two rents, one property. Main house at $2,100+/mo plus ADU potential at $1,300+/mo = $40,800+/yr in income with an all-in basis under $325K. Census tract shows 95%+ absorption and only 1.1 months of inventory"”this area MOVES. Separate buildings mean separate entries, utilities, and privacy with far fewer tenant conflicts. No HOA. Expect a conservative 7% cap rate with strong appreciation as nearby renovated properties close between $286K-$433K. DSCR-friendly. Excellent long-term hold. FLIPPERS: Straightforward renovation play. ARV approx. $375K with a targeted $60K-$80K rehab. Comps support higher: $432K (May), $342K (July), $309K range (Feb-June). Flip timeline estimated at 90-120 days. Add ADU completion to push ARV toward $450K+ as Tampa buyers pay premiums for income properties. Renovated homes average 35-83 DOM. Layout is contractor-friendly with no major load-bearing complications. A clean, efficient flip in a high-demand submarket. THE CANVAS: Detached 400+ SF structure = pure flexibility: income suite, workshop, office, gym, studio, or Airbnb. Large lot offers usability rarely found in Tampa at this price point. Corner-adjacent location provides visibility without heavy traffic. Landscaping needs cleanup but transforms quickly into strong curb appeal. THE REALITY CHECK: Property requires full renovation (roof, interior, exterior, code items). That's the opportunity: move-in-ready homes here sell for $350K-$430K. Renovate this one and capture the value spread. Investors know: the best margins come from homes retail buyers avoid. SELLER MOTIVATION: Work directly with owner"”fast communication and flexible terms. Open to traditional purchases, seller-financing contributions, JV structures, lease-options, subject-to terms, or extended closings for renovation loans. Need 14 days? Possible. Need 90 days for a construction loan? Negotiable. Strong offers get quick answers. LOCATION VALUE: Seminole Heights-adjacent with visible ongoing investment. Minutes to USF, downtown (15 min), Tampa International Airport (20 min), and I-275. Public water/sewer. Flood Zone X (low risk). This is not "up-and-coming""”the growth is already here. YOUR MOVE: Tour the property, bring your contractor, and run your numbers. Whether you're creating your own home, building a rental portfolio, or executing a flip, this property delivers multiple profitable paths. Creative offers welcome. Sold AS-IS. Buyer responsible for inspections, due diligence, and code remediation.