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  • MLS#: C7513090 ( Residential )
  • Street Address: 3311 Douglas Street
  • Viewed: 88
  • Price: $535,000
  • Price sqft: $386
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 1386
  • Bedrooms: 6
  • Total Baths: 2
  • Full Baths: 2
  • Days On Market: 152
  • Additional Information
  • Geolocation: 27.9735 / -82.4982
  • County: HILLSBOROUGH
  • City: TAMPA
  • Zipcode: 33607
  • Subdivision: John H Drews First Ext
  • mfrmls
  • DMCA Notice
  • Description
    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.
Features
Appliances
  1. Refrigerator
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Other
Flooring
  1. Other
Garage Spaces
  1. 0.00
Heating
  1. Electric
Insurance Expense
  1. 0.00
Interior Features
  1. Other
Legal Description
  1. JOHN H DREW'S FIRST EXTENSION LOT 19 BLOCK 56
Levels
  1. One
Living Area
  1. 1616.00
Area Major
  1. 33607 - Tampa
Net Operating Income
  1. 0.00
Occupant Type
  1. Tenant
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. A-10-29-18-3J5-000056-00019.0
Property Type
  1. Residential
Roof
  1. Shingle
Sewer
  1. Public Sewer
Tax Year
  1. 2024
Township
  1. 29
Utilities
  1. BB/HS Internet Available
  2. Cable Available
  3. Electricity Connected
Views
  1. 88
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/C7513090
Water Source
  1. Public
Year Built
  1. 1964
Zoning Code
  1. RS-50