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TAMPA, FL 33607 3311 W DOUGLAS STREET

$565,000

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Presented By: DOWNING FRYE REALTY, INC. with 239-261-2244. - 239-261-2244
  • MLS# C7513090
  • 08/01/2025
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Disclaimer: The information contained in this listing has not been verified by Homepride Group at EXP Realty and should be verified by the buyer.
  • Beds • 6
  • Baths • 2
  • SQFT • 1,616

Home Details

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.
Presented By: DOWNING FRYE REALTY, INC. with 239-261-2244. - 239-261-2244

Interior Features for 3311 W DOUGLAS STREET

Bedrooms

Total Bedrooms6

Bathrooms

Half Baths0
Total Baths2

Other Interior Features

LivingAreaSourcepublic records
Air Conditioning Y/NYes
Fireplace Y/NNo
Flooringother
Heating Y/NYes
Interior Amenitiesother
Laundry Featurescommon area
Total Stories1

General for 3311 W DOUGLAS STREET

Additional Parcels Y/NNo
Appliancesrefrigerator
Building Area Unitssquare feet
Carport Y/NNo
Citytampa
Construction Materialsblock
Coolingcentral air
Countyhillsborough
Directionsfrom i 275 take exit 41a toward dale mabry highway. head north on dale mabry, turn right on cypress street then onto douglas to # 3311.
Facing Directionwest
Flood Zone Codex
Flood Zone Code XY
Full Baths2
Garage Y/NNo
HOANo
Heatingelectric
Land Lease Y/NNo
Lease Considered Y/NYes
Legal Descriptionjohn h drew's first extension lot 19 block 56
Levelsone
Listing Termscash, conventional
Living Area Unitssquare feet
Lot Size Square Feet4450
Lot Size Unitssquare feet
MLS Area33607 - tampa
Minimum Lease1-7 days
ModificationTimestamp2025-09-08t18:12:49.450z
New ConstructionNo
Occupancy Typetenant
Ownershipfee simple
Property Subtypesingle family residence
Property Typeresidential
Roofshingle
STELLAR_InLawSuiteYNNo
Senior Community Y/NNo
Sewerpublic sewer
Standard Statusactive
Statusactive
Subdivision Namejohn h drews first ext
Tax Annual Amount4596.3
Tax Lot19
Tax Year2024
Total Rooms6
Utilitiesbb/hs internet available, cable available, electricity connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1964
Zoningrs-50

Exterior for 3311 W DOUGLAS STREET

Building Area Total1386
Exterior Amenitiesother
Foundation Detailsblock, slab
Lot Dimensions50 x 89
Lot Size Acres0.1
Lot Size Area4450
Private PoolNo
Road Surface Typeasphalt
Water Sourcepublic
Waterfront Y/NNo

Additional Details

Price History

Steven Pugh

Broker Associate | Team Leader
Price $565,000
MLS#C7513090
List Date 08/01/2025
Property Type Single Family
Phone (407) 873-0057
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Request Info
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