3311 DOUGLAS STREET TAMPA FL 33607

Overview of 3311 W Douglas St

A rare opportunity to acquire a turnkey cash-flowing 6 room padsplit in one of tampa’s most in-demand west tampa rental corridors- walk to raymond james stadium. 3311 w douglas st is fully leased, stabilized, and operated by padsplit, a nationally recognized co-living platform focused on affordable housing. Padsplit handles all resident screening, compliance, and day-to-day management, delivering a single monthly rent deposit directly to the owner’s account monthly. The property is currently leased exclusively to padsplit, who subleases individual rooms to professionally vetted members. this fully occupied asset includes (6) 1-bedroom units, two of which feature upgrades (one with a private entrance and one with a private bath), with a blended average of $885/month in rent (after vacancy and booking fees). That translates to $5,310/month in gross rent or $56,875/year under pro forma conditions. t-12 performance shows $53,279 in gross income with $16,772 in operating expenses, yielding an noi of $36,507 and a 6.35 cap rate. The pro forma assumes improved net returns due to a decrease in new management booking costs and platform fees, resulting in an noi of $40,103 and a 6.97 cap rate, all with expenses held constant. It’s a lean, predictable operation ideal for passive investors seeking immediate returns & tax benefits with minimal overhead. management is already in place and can remain for a seamless transition, making this a true turnkey asset. With padsplit acting as your master tenant and manager, you benefit from operational simplicity, low vacancy, and passive income flow from day one. please conduct all due diligence prior to submitting an contract. $10,000 earnest money deposit (emd) required with accepted contract. Contact us for preferred lender referrals. reach out now for the full financial package or to schedule a private showing. This offering combines stable return with long-term upside and it's priced to move.

This lovely single family home was built in 1964 and features 6 bedrooms, and 2 full bathrooms. This home for sale is 1,386 square feet, with 1,616 sq ft being air conditioned living space. The home has a does not have a private swimming pool.

Directions to this property are as follows: From I 275 Take Exit 41a Toward Dale Mabry Highway. Head North On Dale Mabry, Turn Right On Cypress Street Then Onto Douglas To # 3311.

Please contact your ZFC agent for more information about MLS# MFRC7513090 or any other homes for sale in Tampa or elsewhere in the Hillsborough County area.