5440 113th St
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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!
Property Facts
Price | £473,400 | Building Class | C |
Price Per Unit | £473,400 | Lot Size | 0.17 AC |
Sale Type | Investment | Building Size | 2,520 SF |
No. Units | 1 | Number of Floors | 3 |
Property Type | Residential | Year Built | 1972 |
Property Subtype | Apartment | Parking Ratio | 1.59/1,000 SF |
Apartment Style | Garden |
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 | - | - |
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zoning
Zoning Code | R-3 (2 unit Airbnb in Unincorporated Pinellas County) |
R-3 (2 unit Airbnb in Unincorporated Pinellas County) |
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5440 113th St
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