3311 W Douglas Street, Tampa, FL 33607
Local realty services provided by:Better Homes and Gardens Real Estate Lifestyles Realty
Listed by: debra dolinsky
Office: downing frye realty, inc.
MLS#:C7513090
Source:MFRMLS
Price summary
- Price:$535,000
- Price per sq. ft.:$386
About this home
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.
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Home facts
- Year built:1964
- Listing ID #:C7513090
- Added:151 day(s) ago
- Updated:December 31, 2025 at 12:39 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:2
- Full bathrooms:2
- Living area:1,616 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Electric
Structure and exterior
- Roof:Shingle
- Year built:1964
- Building area:1,616 sq. ft.
- Lot area:0.1 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$535,000
- Price per sq. ft.:$386
- Tax amount:$4,596 (2024)
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