3311 W Douglas St
Tampa, FL 33607
6 Beds2 Baths1,616 Sq Ft22 Days on Market
Listing Agent & Comments
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.
MLS# MFRC7513090 • Data provided by StellarMLS as distributed by MLS Grid
HouseCanary, Inc. Brokerage
Living Area | 1,616 Sq.Ft. |
---|---|
Lot Size | 4,452 Sq.Ft. |
Total Rooms | -- |
Bedrooms | 6 |
Bathrooms | 2 |
Stories | 1 |
Year Built | 1964 |
Property Type | Single Family Detached |
Zoning | RS-50 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2024 |
Tax Amount | $4,596 |
Property in Flood Zone | -- |
Basement | No |
Pool | No |
Data provided by StellarMLS as distributed by MLS Grid.
More Information On This Home
This home's estimated value
$564,190
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
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3311 W Douglas St., Tampa, FL 33607
Single Family Detached6 Beds2 Baths1,616 Sq Ft22 Days on Market
Listing Agent & Comments
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.
MLS# MFRC7513090 • Data provided by StellarMLS as distributed by MLS Grid
HouseCanary, Inc. Brokerage
Living Area | 1,616 Sq.Ft. |
---|---|
Lot Size | 4,452 Sq.Ft. |
Total Rooms | -- |
Bedrooms | 6 |
Bathrooms | 2 |
Stories | 1 |
Year Built | 1964 |
Property Type | Single Family Detached |
Zoning | RS-50 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2024 |
Tax Amount | $4,596 |
Property in Flood Zone | -- |
Basement | No |
Pool | No |
Data provided by StellarMLS as distributed by MLS Grid.
New
Do you own this home?
Access your homeowner dashboard
3311 W Douglas St
Tampa, FL 33607
6 Beds2 Baths1,616 Sq Ft22 Days on Market
Listing Agent & Comments
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.
MLS# MFRC7513090 • Data provided by StellarMLS as distributed by MLS Grid
HouseCanary, Inc. Brokerage
Living Area | 1,616 Sq.Ft. |
---|---|
Lot Size | 4,452 Sq.Ft. |
Total Rooms | -- |
Bedrooms | 6 |
Bathrooms | 2 |
Stories | 1 |
Year Built | 1964 |
Property Type | Single Family Detached |
Zoning | RS-50 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2024 |
Tax Amount | $4,596 |
Property in Flood Zone | -- |
Basement | No |
Pool | No |
Data provided by StellarMLS as distributed by MLS Grid.
More Information On This Home
This home's estimated value
$564,190
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
New
Do you own this home?
Access your homeowner dashboard