3311 W DOUGLAS ST Tampa, FL 33607
6 Beds
2 Baths
1,616 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,616 sqft
Price per Sqft $331
Subdivision John H Drews First Ext
MLS Listing ID C7513090
Bedrooms 6
Full Baths 2
HOA Y/N No
Year Built 1964
Annual Tax Amount $4,596
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 50x89
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
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.
Location
State FL
County Hillsborough
Community John H Drews First Ext
Area 33607 - Tampa
Zoning RS-50
Interior
Interior Features Other
Heating Electric
Cooling Central Air
Flooring Other
Fireplace false
Appliance Refrigerator
Laundry Common Area
Exterior
Exterior Feature Other
Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Story 1
Entry Level One
Foundation Block, Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/C7513090
