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3311 Douglas Street
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PRICED AT ONLY: $535,000

Address: 3311 Douglas Street, TAMPA, FL 33607

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.

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  • MLS#: C7513090 ( Residential )
  • Street Address: 3311 Douglas Street
  • Viewed: 125
  • 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: 167

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.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Other
  • Flooring: Other
  • Living Area: 1616.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Electric
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Appliances: Refrigerator
  • Country: US
  • Interior Features: Other
  • Legal Description: JOHN H DREW'S FIRST EXTENSION LOT 19 BLOCK 56
  • Levels: One
  • Area Major: 33607 - Tampa
  • Occupant Type: Tenant
  • Parcel Number: A-10-29-18-3J5-000056-00019.0
  • Views: 125
  • Zoning Code: RS-50

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