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3311 W DOUGLAS STREET

Tampa, FL 33607

FOR

SALE

$575,000

Active

6

Beds

2

Baths

1,616

Sq.Ft.

0.10

Acres

1964

Yr. Built

MLS# C7513090

Cumulative Days on Market: 36 (since August 1st, 2025) Data provided by the MLS.

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Property Description

A rare opportunity to acquire a turnkey cash-flowing 6 Room Padsplit in one of Tampas 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 owners 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. Its a lean, predictable operation ideal for passive investors seeking immediate returns and 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.

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Property Highlights

Price

$575,000

Property Type

Residential

Property Sub Type

Single Family Residence

Bedrooms

6

Total Bathrooms

2

Living Area

1,616

Price / Sq Ft

$356

Acres

0.10

Year Built

1964

Location

Area

33607 - Tampa

County

Hillsborough

Direction Faces

West

Subdivision

JOHN H DREWS FIRST EXT

Zoning

RS-50

Property Details

Price

$575,000

Property Sub Type

Single Family Residence

Property Type

Residential

Building

Levels

One

Stories

1

Total Area

1,386

Interior Features

Bedrooms and Bathrooms

Bedrooms

6

Full Bathrooms

2

Total Bathrooms

2

Appliances

Appliances

Refrigerator

Interior Features

Flooring

Other

Interior Features

Other

Laundry Features

Common Area

Heating and Cooling

Heating Features

Electric

Building Details

Construction

Foundations

Block, Slab

Year Built

1964

Materials

Construction Materials

Block

Roof

Shingle

Terms

Terms

Ownership

Fee Simple

Special Conditions

None

Special Terms

Cash, Conventional

Taxes

Tax

Tax (Annual)

$4,596

Heating, Cooling & Utilities

Cooling Features

Central Air

Utilities

Sewer

Public Sewer

Utilities

BB/HS Internet Available, Cable Available, Electricity Connected

Water Source

Public

Lot

Acres

10

Lot Dimensions

50x89

Lot Size Area Sq Ft

4,450

Exterior Features

Exterior Features

Other

Listed by Downing Frye Realty, Inc., 239-261-2244.

Listing Data last updated 09/07/2025 10:40 am

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All estimates and provided for informational purposes only. Actual amounts may vary. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. Information, rates, programs and loan scenarios shown are for example only as of 7-Sep-2025 and are subject to change without notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. Contact your preferred lender for the pricing associated with your specific transaction. Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. All calculations should be independently verified. See assumptions and disclosures

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• Please contact a loan specialist to get specific payment examples and information regarding your particular needs.

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Property History

29 days ago

Property information last updated

36 days ago

Status Active. This is the date the listing was placed on market.

Cumulative Days on Market: 36 (since August 1st, 2025) Data provided by the MLS.

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Listings courtesy of Stellar MLS as distributed by MLS GRID. IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. Based on information submitted to the MLS GRID as of 09/07/2025 10:40 am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

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Listing Data last updated: 09/07/2025 10:40 am

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3311 W DOUGLAS STREET - MLS#C7513090 - $575,000

Listed by Downing Frye Realty, Inc.

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