3311 W DOUGLAS STREET at

3311 W DOUGLAS STREET

For sale Days on market 156

$525,000

$325/sq ft

$50,000
Price Decreased

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Overview

Bedroom

Bath

Year Built

1964

Sqft

1616

Property Type

Single Family Residence

Property 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.

Property Details

MLS#

C7513090

Total Floor in Bldg

Address

3311 DOUGLAS W

City

Tampa

State/county

Zip/Postal Code

33607

Area

John H Drews First Ext

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$4,596

Maint Fee

$--

Tax Year

2024

Refrigerator

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