Active

$525,000

Features:
  • 6 Bedrooms
  • 2 Bathrooms
  • 1616 sq ft
Overview
  • ID: MFRC7513090
  • Bedrooms: 6
  • Bathrooms: 2
  • Size: 1616 sq ft
Property Details
Remarks
Turnkey Cash-Flowing 6-Room PadSplit in Prime West Tampa Walkable to Raymond James Stadium A rare chance to acquire a fully stabilized, turnkey PadSplit-operated rental in West Tampa. Fully leased and professionally managed by PadSplit, the nationally recognized affordable co-living platform that handles all resident screening, compliance, operations, and collections. Owners receive a single monthly rent deposit, while PadSplit subleases rooms to vetted members. The property features six 1-bedroom units, two with premium upgrades (one with a private entrance, one with a private bath). Blended average rents are $4,635/month or $55,630/year after PadSplit service fees. Actual trailing-12 shows $41,738 NOI and a 7.8 cap rate, inclusive of third-party management fees. This is a lean, predictable, fully passive operation ideal for investors seeking turnkey stability, low vacancy, and immediate cash flow in a rapidly appreciating area. Management is already in place and can remain for a seamless transition.
Financial Considerations
Price:
$525,000
HOA Fee:
N/A
Tax Amount:
$4596.3
Price per SqFt:
$324.88
Tax Legal Description:
JOHN H DREW'S FIRST EXTENSION LOT 19 BLOCK 56
Exterior Features
Lot Size:
4450
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
6
Bathrooms:
2
Heating:
Electric
Cooling:
Central Air
Appliances:
Refrigerator
Furnished:
No
Floor:
Other
Levels:
One
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1964
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
West
Pets Allowed:
No
Special Condition:
None
Additional Features:
Other
Additional Features 2:
THIS IS OPERATED AS A PAD SPLIT
Map
  • Address
    3311 W DOUGLAS ST
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