12609 & 12611 1st Isle, Hudson, FL 34667
- $423,000
- 4
- BD
- 2
- BA
- 1,224
- SqFt
- Sold Price
- $423,000
- List Price
- $425,000
- Status
- Sold
- Days on Market
- 5
- Closing Date
- Dec 11, 2023
- MLS#
- T3486265
- Property Style
- Duplex
- Year Built
- 1972
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 1,224
- Lot Size
- 4,800
- Acres
- 0.11
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Leisure Beach
- MLS Area Major
- Hudson/Bayonet Point/Port Richey
Property Description
Amazing investment opportunity for the savvy buyer! This adorable duplex is fully set up and operating as a mid-term rental for traveling professionals, snow birds, and those needing temporary housing. Each unit has maintained an 88% occupancy rating since first listing in September '21, renting at an average of $2,750/mo EACH. Annual gross rent = $66,000 / Annual Expenses = $19,000 / Annual Net Total = $47,000. That's an 11% cap rate! Sitting on a tidal water canal with a floating dock, you can access the Gulf by boat, jet ski, kayak, or SUP in no time! Guests love to fish off the dock and spot the occasional dolphin or manatee swimming by. Furnished with a coastal theme, all the decorations, furniture, linens, dishes, etc will convey with the sale. The home is in great shape with the roof only 5 years old and the inside/outside recently repainted. Each unit has 2 bedrooms, 1 bathroom with a lanai and stackable washer/dryer. There is literally nothing to do except buy and start making money! The large parking pad fits 4 vehicles comfortably. No HOA but owners have the option of being a member of the Leisure Beach Civic Association for a low $50/year. Leisure Beach is a wonderful community with annual cook offs, a Christmas Boat Parade, and regular community events. Per Pasco County regulations, renting for less than 30 days is not currently allowed but there is a huge demand for mid-stay renting! Property is currently advertised across all major platforms with excellent ratings. Many bookings come direct or by word of mouth. This is a great property for anyone just starting in the vacation rental business or someone looking to add to their portfolio. Property qualifies for FHA and VA as well! Live in one side and rent the other out! Already booked at 60% occupancy through Feb '24, buyer can keep these bookings! Operating expenses, booking records, survey, elevation certificate, and 4 point report from 2 years ago available upon request. Both sides are currently occupied, please do not disturb the guests. Video tour available as well.
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Additional Information
- Taxes
- $6296
- Minimum Lease
- 1 Month
- Annual Gross Income
- 66000
- Location
- Flood Insurance Required, FloodZone, In County, Near Marina, Near Public Transit, Paved
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- MF1
- Interior Layout
- Ceiling Fans(s), Living Room/Dining Room Combo, Window Treatments
- Interior Features
- Ceiling Fans(s), Living Room/Dining Room Combo, Window Treatments
- Floor
- Tile
- Appliances
- Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
- Utilities
- BB/HS Internet Available, Electricity Connected, Sewer Connected, Water Connected
- Heating
- Electric, Radiant Ceiling
- Air Conditioning
- Wall/Window Unit(s), Zoned
- Exterior Construction
- Block, Stucco
- Exterior Features
- Rain Gutters, Storage
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Garage Features
- Boat, Golf Cart Parking, Parking Pad
- Elementary School
- Gulf Highland Elementary
- Middle School
- Hudson Middle-Po
- High School
- Fivay High-PO
- Water Extras
- Bridges - No Fixed Bridges, No Wake Zone, Seawall - Concrete
- Water View
- Canal
- Water Access
- Canal - Saltwater, Gulf/Ocean
- Water Frontage
- Canal - Saltwater
- Pets
- Allowed
- Pet Size
- Extra Large (101+ Lbs.)
- Flood Zone Code
- AE
- Parcel ID
- 16-25-04-0040-00000-2130
- Legal Description
- LEISURE BEACH UNIT 1 PB 9 PGS 139-140 S 28 FT OF LOT 213 & N 20 FT OF LOT 212 OR 6934 PG 348 & OR 6934 PG 349
Listing courtesy of REALTY ONE GROUP SUNSHINE. 727-325-5843
Selling Office: KELLER WILLIAMS REALTY NEW TAMPA.Mortgage Calculator
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