$345,000
$340,000
1.5%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
2 Baths
1,339 SqFt
SOLD DATE : 05/23/2024
Key Details
Sold Price $345,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,339 sqft
Price per Sqft $257
Subdivision Little Cuba
MLS Listing ID U8226530
Sold Date 05/23/24
Bedrooms 8
Full Baths 2
HOA Y/N No
Originating Board Stellar MLS
Year Built 1964
Annual Tax Amount $3,680
Lot Size 8,276 Sqft
Acres 0.19
Property Description
Generating over $6,200 per month in gross rental income ($74,000+ per year), this investment offers a unique combination of cash flow and turnkey management in a sought-after location. After expenses the CAP rate is over 10% and 11.3% cash-on-cash ROI. The home is leased to one tenant, PadSplit, which hosts the property on their platform. PadSplit not only helps members save money and live closer to work but also provides an avenue for investors to achieve 3x+ cash flow. All members are professionally screened by PadSplit, required to pass a background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Sold with an optional top-rated super-host who coordinates cleaning and repairs, this property is ideal for any investor. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution before calling. Part of a portfolio, contact the listing agent if you are interested in purchasing multiple properties with a similar setup and ROI. OFFER REQUIREMENTS: Do all due diligence before submitting an offer, $7,500 EMD, closing agent MUST be Heather Salvatoriello with The Close Agent.
Location
State FL
County Hillsborough
Community Little Cuba
Zoning RS-50
Interior
Interior Features Other
Heating Central
Cooling Central Air
Flooring Terrazzo
Fireplace false
Appliance Dryer, Refrigerator, Washer
Laundry Inside
Exterior
Exterior Feature Awning(s), Lighting, Sidewalk
Garage Spaces 1.0
Utilities Available Public
Roof Type Shingle
Attached Garage true
Garage true
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Schools
Elementary Schools Oak Park-Hb
Middle Schools Greco-Hb
High Schools Middleton-Hb
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with KEYRENTER TAMPA PROPERTY MANAGEMENT
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