This rambling 1960s ranch in the Rocky Point area of the south side of Tampa is now listed for $114,900. The foreclosee here paid $200,000 about two and a half years ago (1/13/2006), and Zillow.com estimates that the current value of this house is $169,500.Though this house is convenient to the beach, golf course, and freeways, it is important to note that it’s pretty close to the airport (could be good or bad depending on the owner or occupant’s circumstances). With some minor sprucing, this REO could be a nice starter home for an owner-occupant or it could make a decent rental property for an investor. A house like this could likely rent for $1,100 to $1,400 per month, paying for itself and even delivering a little positive cash flow.
The basics...
Address: 4501 Picadilly Street, Tampa, FL 33634
Current Listing Price: $114,900
PREVIOUS Sale Price: $200,000 (1/13/2006)
Size: 3 Bedrooms, 2 Bathrooms; 1,256 square feet
Lot: .17 acres
http://www.realtor.com/realestate/tampa-fl-33634-1100540823/
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