$320,000
$345,000
7.2%For more information regarding the value of a property, please contact us for a free consultation.
9 Beds
3 Baths
1,646 SqFt
SOLD DATE : 02/12/2024
Key Details
Sold Price $320,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,646 sqft
Price per Sqft $194
Subdivision Wright Sub
MLS Listing ID U8226540
Sold Date 02/12/24
Bedrooms 9
Full Baths 3
HOA Y/N No
Originating Board Stellar MLS
Year Built 1950
Annual Tax Amount $3,814
Lot Size 7,405 Sqft
Acres 0.17
Property Description
**Multiple offer situation - ALL HIGHEST AND BEST OFFERS DUE BY SUNDAY, Feb. 4th at 5:00 PM, cash and no contingencies preferred - Contact the listing agent for information on the scheduled group viewings on Feb. 2nd. Generating over $6,300 per month in gross rental income ($76,000+ 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 over 10% and 12.4% 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.
Location
State FL
County Pinellas
Community Wright Sub
Direction S
Interior
Interior Features Other
Heating Central
Cooling Central Air
Flooring Luxury Vinyl, Tile
Fireplace false
Appliance Convection Oven, Dryer, Microwave, Refrigerator, Washer
Laundry Inside
Exterior
Exterior Feature Sidewalk
Utilities Available Public
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Stucco
New Construction false
Schools
Elementary Schools Melrose Elementary-Pn
Middle Schools John Hopkins Middle-Pn
High Schools Gibbs High-Pn
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with EXP REALTY LLC