Under contract-accepting backup offers. Welcome to 8127 N Packwood Avenue, a rare opportunity in Armenia Garden Estates offering exceptional value for first time homebuyers and investors alike! This solid 1997 built concrete block home sits on an oversized 50x165 foot lot with incredible potential for customization and equity building. Featuring 3 bedrooms, 2 bathrooms, and 1500 square feet of living space, this property boasts soaring 9 foot 5 inch ceilings that create an open, airy feel rarely found in the area. The sellers will install a brand new roof with buyer's choice of shingle color, and the home includes newer HVAC for immediate comfort. Located in Flood Zone X with no flood insurance required, this concrete slab construction offers peace of mind and lower insurance costs. The expansive flat lot is zoned for an Accessory Dwelling Unit, providing endless possibilities for rental income, guest accommodations, or multigenerational living. Mature trees and thick bamboo screening create a private oasis where you'll hear nothing but birds chirping, yet you're just minutes from everything Tampa offers. The double wide driveway provides parking for 4 vehicles, and the lot easily accommodates a future pool, outdoor kitchen, and ADU without compromise. With cosmetic updates, comparable renovated homes in the neighborhood are selling for $550,000 to $600,000, making this an exceptional investment opportunity. Perfectly positioned just south of Waters Avenue for easy city access while maintaining suburban tranquility, you're 3 minutes from Lowry Park Zoo, 12 minutes from downtown Tampa, Water Street, and the cruise port, 10 minutes from Busch Gardens, and close to University of Tampa and University of South Florida. This is Tampa homeownership at an accessible price point with unlimited potential! AGE OF MAJOR MECHANICS: Roof - 2026, HVAC - 2019 Flood Zone X - No Flood Insurance Required!