Off-Market Property at 503 S Melville Ave, Tampa, FL 33606
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Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $400 per day and long-term for an average of $5,400 per month, based on similar listings in the area. Estimated short-term cap rate of 2.9%. Estimated long-term cap rate of 0.7%. Under contract-accepting backup offers. You have it all with this pristine 3-bedroom, 2.5-bathroom contemporary style townhome of 2,000 square feet, the convenience of a 2018 newer TB Home construction and the tucked-away location providing a quiet oasis in the heart of SoHo and Hyde Park National Historic District! Live in style in your own urban paradise in vibrant SoHo, steps away from Hyde Park Village and South Tampa's best restaurants, grocery stores, and the waterfront walks at Bayshore Boulevard. Open the door and be delighted by the modern open floor plan created by the stunning Carrara quartz kitchen island, the recess can lights, the stylish light fixtures, stainless steel Kohler farm sink and Whirlpool appliances (5 burner 36-inch cast-iron grate gas cooktop, French door refrigerator, wall oven with convection microwave combo), 42” cabinets with crown molding, subway tiles backsplash, engineered wood floors, crown molding and baseboard throughout and the plantation shutters throughout. Enjoy a breakfast in the morning on the private front porch or relax in the evening on your large inviting sundeck offering pavers and grass. Other upgrades include: mud room, oversized pantry, large laundry room with sink, Carrara quartz counters in bathroom and laundry room, shower tile walls, Rinnai tankless gas water heater, 6’ wooden fence with 1 gate, gas stub out for outdoor kitchen grill, double paned impact low E windows, Therma Tru Smooth Star full light with impact glass French doors, R-38 blow-in insulation in ceiling, R-19 batt fiberglass in 2x6 framed exterior walls R-5 ¾”, custom underground irrigation system with automatic timer and rain gauge, pavers on driveway, walkway, front port and sundeck. No HOA, front & behind the gates lawn care and privacy bush trimming is organized by the 4 homeowners at $65 to $80/mo. Not is a flood zone. Top rated school district. Easy commute with proximity to I-275, cross-town expressway, downtown, MacDill Air Force Base. Enjoy your peaceful lifestyle in this comfortable, private, and welcoming home that acts as a wonderful escape while remaining close to convenience.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$7751
Bedrooms
3
Bathrooms
3
SQFT
2,000
Furnished
N/A
Year built
2018
Listing Status
Off Market
MLS
TB8305860

Short-term Rental Potential
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$81,672

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$400

Price/SQFT

Long-term Rental Potential
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$64,800

Revenue
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Profit
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Cap rate
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Cash on Cash
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$5,400/mo

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