8545 Gold Ridge Cir, Tampa, FL 33619

About this home

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 C

Key facts

Type

Single Family Residence

Size

2,573 sqft

Bedrooms

3

Bathrooms

2.0

Avg. price per sqft

$109

County

Hillsborough

MLS number

O6443291

Status

Active

Property address

8545 Gold Ridge Cir, Tampa, FL 33619

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