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727-415-4982
Real Estate Company
8716 N 15th Street, Tampa, FL 33604
- $345,000
- 9
- BD
- 3
- BA
- 1,540
- SqFt
- Sold Price
- $345,000
- List Price
- $345,000
- Status
- Sold
- Days on Market
- 30
- Closing Date
- Apr 18, 2024
- MLS#
- U8226539
- Property Style
- Single Family
- Year Built
- 1974
- Bedrooms
- 9
- Bathrooms
- 3
- Living Area
- 1,540
- Lot Size
- 4,169
- Acres
- 0.10
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Orange Terrace
- MLS Area Major
- Tampa / Sulphur Springs
Property Description
Generating over $6,700 per month in gross rental income ($80,000+ 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 10% and 11.5% 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.
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Additional Information
- Taxes
- $3623
- Minimum Lease
- No Minimum
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- RS-50
- Interior Layout
- Eat-in Kitchen
- Interior Features
- Eat-in Kitchen
- Floor
- Luxury Vinyl
- Appliances
- Convection Oven, Dryer, Microwave, Refrigerator, Washer
- Utilities
- Public
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Stucco
- Exterior Features
- Awning(s), Sidewalk
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Elementary School
- Sulphur Springs-Hb
- High School
- Chamberlain-HB
- Fences
- Chain Link
- Flood Zone Code
- X
- Parcel ID
- A-19-28-19-45A-000010-00005.0
- Legal Description
- ORANGE TERRACE LOT 5 AND E 1/2 OF CLOSED ALLEY ABUTTING ON W BLOCK 10
Listing courtesy of HAMPTON REAL ESTATE ADVISORS L. 407-219-3315
Selling Office: HAMPTON REAL ESTATE ADVISORS L.Mortgage Calculator
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