What is the Asking Price?

The current asking price for this property is $575,000. Please contact me here for further details about this property.

What are the Property's Features?

This home features : 6 beds, 2 baths, 1,616 sqft, 0.1 acres lot, built in 1964, 60 pictures.

Where is the property located?

Property is located at 3311 W DOUGLAS ST, TAMPA, FL, US. You can view this listing on our map here .

На продажу: 3311 W Douglas St, Tampa, 33607, Флорида

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3311 W DOUGLAS ST, TAMPA, 33607

$575,000
6 Beds, 2 Baths , 1,616 Sq.Ft
County: Hillsborough
Subdivision: JOHN H DREWS FIRST EXT

Property highlights

MLS#: C7513090
4,450.00 lot size Sq.Ft.
Year built: 1964

Listed: 08/01/2025
Taxes: $4,596.30
Virtual Tour

Property Overview

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.

Driving directions : 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.

Property Features

Rooms	Dimension	Description
Additional Bedroom		First level
Dining Room		First level
Kitchen		First level
Bedroom 5		First level
Primary Bedroom		First level
Living Room		First level

Interior Features

Other

Appliances

Refrigerator

Heating

Electric

Laundry features

Common Area

Air Conditioning

Central Air

Floor Covering

Other

Utilities

BB/HS Internet Available
Cable Available
Electricity Connected

Exterior features

Other

Construction Materials

Block

Road Surface Type

Asphalt

Roof

Shingle

Foundation

Block
Slab

Listing information courtesy of DOWNING FRYE REALTY, INC.

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Listing data comes from My Florida Regional MLS.