W Palmetto St

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🏡 Prime West Tampa Flip Opportunity | Strong Margin Play

📍 W Palmetto St, Tampa, FL 33607

2 Beds | 1 Bath | ~1,180 Sq Ft
🏠 1928 Historic Bungalow | West Tampa National Historic District

💰 Financial Snapshot

• Asking Price: $180,000

• ARV: ~$325,000

• Gross Spread: ~$145,000

• Projected Net Profit: $70,000+ (after holding & closing costs)

📍 Location Advantage

• Highly desirable 33607 zip code

• Minutes to Midtown Tampa, Westshore, Downtown & University of Tampa

• Immediate access to I-275

• Surrounded by active flips & new construction

• Strong buyer, renter, and short-term rental demand

🏠 Property Overview

• Classic 1928 wood-frame bungalow with historic charm

• 2BR / 1BA layout with reconfiguration potential

• Urban lot with room to enhance outdoor living or add parking

🔧 Rehab Strategy (Medium Scope)

• Open up kitchen & living area

• Full kitchen and bath modernization

• Restore original hardwoods or install LVP

• Targeted updates to electrical, plumbing & HVAC (4-point ready)

• Exterior paint, porch repair & landscaping for curb appeal

📊 Exit Strategies

• Fix & Flip: Target ~$325K retail price

• Long-Term Rental: High rents driven by job hubs

• Short-Term Rental: Strong Airbnb demand from downtown & stadium events

🧾 Recent Sold Comps

• 2105 W St Joseph St – $328,500

• 2709 W Cherry St – $300,000

• 2334 W Walnut St – $300,000

• 2903 W Walnut St – $297,000

🔥 Why This Deal Works

• High-margin flip in a premium Tampa pocket

• Historic charm + modern upgrades = strong resale appeal

• Multiple exit options reduce downside risk

📩 Serious investors only — West Tampa deals at this entry price don’t last. Submit your offer today.

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Resources:

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