Off-Market Property at 8720 Hickorywood Ln, Tampa, FL 33615
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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 $260 per day and long-term for an average of $3,011 per month, based on similar listings in the area. Estimated short-term cap rate of 1.2%. Estimated long-term cap rate of -2.5%. Under contract-accepting backup offers. WHAT A BARGAIN! Bring your vision to finish restoring this fabulous waterfront home back to it's pre-flood condition! Damaged by flooding during Hurricane Helene, the house has been remediated and drywall replaced. Bring your vision for the restoration of the balance! These sellers had fully remodeled the house before the flood, opening up the living space and kitchen into one large area. The kitchen has an incredible footprint, perfect for a night cooking at home, or entertaining a huge crew. The dining room flanks the rear of the home, cascading in natural light through newer windows which afford effortless views to the pool and water. Enjoy a nicely remodeled primary bath with the shower still in tact, offering a luxurious shower system with rain head and body sprays. Out back, enjoy the cabana and built-in grill. You will find the saltwater pool to be in great shape, recently redone and with a new pool pump. Newer seawall, elevated to better level out the lawn. Newer woodgrain hurricane-rated garage door. Roofing straps installed in 2018 along with new soffits. 400 amp electrical service is newer. Storage is a breeze with a 2-car garage and an air conditioned and insulated craft shed. Boaters will appreciate the 30 X 30 dock with 10,000 lb lift, water, and electric, and easy access to Old Tampa Bay. *Note that finished interior pictures are from 2019 and not from after the flood.* This is an amazing buy!!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$8941
Bedrooms
3
Bathrooms
2
SQFT
1,695
Furnished
N/A
Year built
1964
Listing Status
Off Market
MLS
TB8315066

Short-term Rental Potential
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$62,172

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$412

Price/SQFT

Long-term Rental Potential
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$36,132

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,011/mo

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