Price Reduced ListingShort Sale. INVESTOR SPECIAL - Short Sale - 5BR/3BA Value-Add Opportunity at 3518 Kiah Dr Wesley Chapel - MOLD REMEDIATION NEEDED - Leasing and pets allowed, NO AGE RESTRICTION in Phase 3! Calling all investors: this 2,232 sq ft, 5-bedroom, 3-bath home in the heart of Wesley Chapel is a rare high-bedroom-count value-add play in one of Pasco County's fastest-growing corridors. Situated on a fee-simple owned corner lot (0.21 acres, no land lease), this 2001-built home offers a split floorplan, vaulted ceilings, and an oversized primary suite with private en-suite bath. Medium/heavy rehab opportunity - priced accordingly. No major systems need replacement - the roof and 5-ton HVAC system are in good working condition. Whole-house mold remediation is needed, and a professional moisture report is available upon request for buyer due diligence. Scope of work includes plumbing repairs, drywall, paint, sub-floor repair in select areas, whole-house flooring, some cabinetry, and interior doors - primarily cosmetic and interior scope rather than structural or major mechanical. 2021 updates to the kitchen and baths (granite counters, solid wood soft-close cabinetry, stainless appliances) remain in place. Electric water heater replaced 2023, Roof and HVAC are 5 years old. Remediation quote available. Short sale - all offers submitted to the lender for review. Cash or hard money preferred; home will not qualify for conventional FHA financing in current condition. Low HOA ($15/mo), no CDD, minimum lease term of 1-2 years supports a stable long-term rental exit strategy in a strong rental submarket near shopping, dining, top-rated schools, and major commuter routes (Bruce B. Downs Blvd, I-75). Short sale approval process underway - seller motivated, agent responsive. Submit offers now; marketing period is limited.
| MLS # | TB8511557 |
|---|---|
| Listing Type | For Sale |
| Style | Manufactured Home |
| HOA Dues | $45 |
| Sub-Type | For-sale |
| Status | Active |
| Year | 2001 |
| Days On Site | 118 |
| Listing Provided By | REAL BROKER, LLC | Katie Faith Boggs, LLC |
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,232 |
| Story(s) | 1 |
| Zoning | RMH |
| Acreage | 0.21 |
| Property | 2183 |
|---|
| State | FL |
|---|---|
| County | Pasco |
| City | WESLEY CHAPEL |
| Zip Code | 33543 |
| Area | 33543 Zephyrhills | Wesley Chapel |
| Community Name | TERRACE PARK PH 03 |
| School District | Zephryhills High School-PO |
| Elementary School | Chester W Taylor Elemen-PO |
| High School | Zephryhills High School-PO |
| Listing VS Median (in TERRACE PARK PH 03) | |
Price: $180,600 low | high Med: $135,300 sqft: 2,232 low | high Med: 2,021 $ / sqft: $81 low | high Med: $65 On site: 118 low | high Med: 146 | |
| State | FL |
|---|---|
| County | Pasco |
| City | WESLEY CHAPEL |
| Zip Code | 33543 |
| Area | 33543 Zephyrhills | Wesley Chapel |
| Community Name | TERRACE PARK PH 03 |
| School District | Zephryhills High School-PO |
| Elementary School | Chester W Taylor Elemen-PO |
| High School | Zephryhills High School-PO |
| Listing VS Median (in TERRACE PARK PH 03) | |
Price: $180,600 low | high Med: $135,300 sqft: 2,232 low | high Med: 2,021 $ / sqft: $81 low | high Med: $65 On site: 118 low | high Med: 146 | |