About 8005 East Dr Martin Luther King Jr Boulevard
Generating over $6,100 per month in gross rental income ($73,000+ per year), this investment offers a unique combination of cash flow and turnkey management in a sought-after location. After expenses the CAP rate is over 8% and 5.5% cash-on-cash ROI. The home is leased to one tenant, PadSplit, which hosts the property on their platform. PadSplit not only helps members save money and live closer to work but also provides an avenue for investors to achieve 3x+ cash flow. All members are professionally screened by PadSplit, required to pass a background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Sold with an optional top-rated super-host who coordinates cleaning and repairs, this property is ideal for any investor. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution before calling. Part of a portfolio, contact the listing agent if you are interested in purchasing multiple properties with a similar setup and ROI. OFFER REQUIREMENTS: Do all due diligence before submitting an offer, $7,500 EMD, closing agent MUST be Heather Salvatoriello with The Close Agent.
Residential home for sale in TAMPA, FL at 8005 East Dr Martin Luther King Jr Boulevard. This 9 bedroom Residential home is priced at $224/sqft
Features of 8005 East Dr Martin Luther King Jr Boulevard
MLS® # | U8226536 |
---|---|
Price | $340,000 |
Sold Price | $340,000 |
Date Sold | April 29th, 2024 |
Bedrooms | 9 |
Bathrooms | 2.00 |
Full Baths | 2 |
Square Footage | 1,520 |
Acres | 0.14 |
Year Built | 1961 |
Type | Residential |
Sub-Type | Single Family Residence |
Status | Sold |
Community Information: Tampa
Address | 8005 East Dr Martin Luther King Jr Boulevard |
---|---|
Area | Tampa / Palm River / Progress Village |
Subdivision | BUFFALO ESTATES UNIT 1 |
City | TAMPA |
County | Hillsborough |
State | FL |
Zip Code | 33619 |
Amenities of 8005 East Dr Martin Luther King Jr Boulevard
Is Waterfront | No |
---|---|
Has Pool | No |
Interior of 8005 East Dr Martin Luther King Jr Boulevard
Interior Features | Eat-in Kitchen |
---|---|
Appliances | Convection Oven, Dryer, Microwave, Refrigerator, Washer |
Heating | Central |
Cooling | Central Air |
Fireplace | No |
Exterior of 8005 East Dr Martin Luther King Jr Boulevard
Exterior Features | Awning(s), Other, Storage |
---|---|
Roof | Shingle |
Foundation | Slab |
School Information
Elementary | Kenly-HB |
---|---|
Middle | Mann-HB |
High | Blake-HB |
Additional Information On 8005 East Dr Martin Luther King Jr Boulevard
Date Listed | January 25th, 2024 |
---|---|
Days on Market | 78 |
Zoning | PD |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | HAMPTON REAL ESTATE ADVISORS L |
---|