Off-Market Property at 3420 S Gardenia Ave, Tampa, FL 33629
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Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $251 per day and long-term for an average of $4,825 per month, based on similar listings in the area. Estimated short-term cap rate of -0.5%. Estimated long-term cap rate of 1.6%. Under contract-accepting backup offers. This property offers incredible potential for those looking to build or restore in one of Tampa’s most coveted areas. This corner lot in the prestigious Mabry/Coleman/Plant school district presents a rare opportunity for buyers. Previously a charming single-story, 1,773-square-foot, 3-bedroom, 2 ½-bathroom POOL home, the property is now being sold as vacant land or for renovation. The existing structure featured modern finishes throughout, including a spacious open floor plan, gourmet kitchen with 42" espresso upper cabinetry, marble countertops, and a serene master suite with a walk-in closet and dual-sink ensuite. The backyard was designed as a private oasis with a 9-foot-deep pool, a sleek 24' x 24' porcelain slab surround (updated in 2017), and a screened enclosure. With a brand new roof, you have a head start on making this your dream home. Whether you’re envisioning a brand new build or a renovation project, this lot is a fantastic opportunity to create something truly special. **Pictures posted are to show layout of home not reflect current condition. Don’t miss out—schedule a viewing today!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$7976
Bedrooms
3
Bathrooms
3
SQFT
1,773
Furnished
N/A
Year built
1954
Listing Status
Off Market
MLS
T3547568

Short-term Rental Potential
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$44,712

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$352

Price/SQFT

Long-term Rental Potential
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$57,900

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$4,825/mo

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