3011 E Ellicott St

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🔥 Tampa Value-Add Deal | Title Issue Priced In | Big Upside 🔥

Address: 3011 E Ellicott St, Tampa, FL 33610
Price: $199,000

Property Overview

Solid 3-bed, 2-bath home offering 1,805 sq ft with significant value-add potential in a strong Tampa market. This is a full rehab opportunity priced aggressively due to a known title/encroachment issue—ideal for experienced investors.

Key Features

• 3 Beds / 2 Baths
• 1,805 Sq Ft
• Vacant
• Strong layout for resale

Condition & Scope

• Full rehab required
• Opportunity to fully reposition property
• Ideal for experienced investors

Title / Encroachment Issue

• Screen porch & carport encroach onto neighboring lot
• Buyer responsible for resolving/mitigating
• Survey available upon request
• Priced with issue fully considered

Investment Highlights

• Significant upside in high-demand Tampa market
• Discount reflects complexity = opportunity for margin
• Ideal for flip or advanced value-add strategy
• Strong resale comps nearby

Comparable Sale

• 2612 E Palifox St – Sold $350,000 (3/2, 1,528 sq ft)

Deal Potential

• Flip into the ~$330K–$360K range depending on resolution + finishes
• Opportunity to force appreciation despite title complexity
• High-margin potential for experienced operators

⚡ Complex deals with this kind of upside in Tampa are rare — serious investors only, move quickly
 

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Resources:

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