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5440 113th St

1 Unit Block of Flats £473,400 (£473,400/Unit) Seminole, FL 33772

Investment Highlights

  • Unincorporated Seminole: No Rental Restrictions!
  • Located in a Non-Flood Zone: “X”
  • Just 2 miles to Madeira Beach; centrally located to shopping and dining; 30-minute drive to Tampa International Airport.
  • Solid AirBNB Rental History.
  • Well-maintained; Recent Updates.
  • Plenty of Parking.

Executive Summary

Are you looking for a single-family home with an In-Law suite or an Incredible Income Producing Property in Unincorporated Seminole with NO Rental Restrictions? If so, this is the house for you! Option 1: Live in the entire house with plenty of room for a large family. Option 2: Live upstairs and let the in-laws have their own private space downstairs. Option 3: Rent the downstairs apartment while you live upstairs. Option 4: Rent out the 2 units separately. The options are yours. The current owner has the house divided into 2 living spaces that he has very successfully rented out through Air BnB. The monthly rental income is about $5800 a month or $69,600 a year for the 2 units combined. Less the fixed expenses the property still generates roughly $57,600 yearly. Just 2 miles to the beautiful beaches of Madeira Beach, centrally located to shopping, restaurants, and a short 30-minute drive to Tampa International Airport. The home is equipped with 2 kitchens, one upstairs and one for the downstairs unit. So, the property includes 2 refrigerators, 2 microwaves, 2 electric ovens, 2 garbage disposals, 1 dishwasher, 1 washer and dryer. Upon entering the house, you will be greeted in the living room with a fireplace to enjoy on our chilly December nights and delighted with the open feeling as the ceiling extends to the second level. The upper level has a sunny family room, dining room and kitchen with an eat in bar. Across the house are the primary bedroom and guest bedroom with a private ensuite bath and a full hall bath. The lower level of the house has a full kitchen with a breakfast bar, living room, a full bathroom, nice sized bedroom and a bonus room with a huge storage space. This bonus room is used as another sleeping room, and it is completely private. The garage is a large 2 car garage with laundry area and a 10x6' storage room. There are 2 compressors, one 3.5-ton unit replaced in 2019 and a 1.5-ton unit replaced in 2018. The water heater was new in 2018 and has a warranty until Nov. 6, 2024. The shingle roof was new in 2018. So whether you are looking for a home for your family, need an apartment for your in-laws or to rent out, or you are looking for an income producing property this is the house for you!

Attachments

FLYER

Property Facts

Price £473,400
Price Per Unit £473,400
Sale Type Investment
No. Units 1
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.17 AC
Building Size 2,520 SF
Number of Floors 3
Year Built 1972
Parking Ratio 1.59/1,000 SF

Unit Amenities

  • Air Conditioning
  • Balcony
  • Ceiling Fans
  • Kitchen
  • Dining Room

Site Amenities

  • Furnished Units Available

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
3+3 1 - -

zoning

Zoning Code R-3 (2 unit Airbnb in Unincorporated Pinellas County)
R-3 (2 unit Airbnb in Unincorporated Pinellas County)
  • Listing ID: 31717430

  • Date on Market: 06/05/2024

  • Last Updated:

  • Address: 5440 113th St, Seminole, FL 33772

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