Photo 1 of 60
$535,000
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
| 6 |
2.00 |
1,616 |
$4,596.30 |
1964 |
|
On the market:
131 days
|
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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.
Listing courtesy of Debra Dolinsky, DOWNING FRYE REALTY, INC.