Property Description
Amazing investment opportunity for the savvy buyer! This adorable duplex is fully set up and operating as a mid-term rental for traveling professionals, snow birds, and those needing temporary housing. Each unit has maintained an 88% occupancy rating since first listing in September ’21, renting at an average of $2,750/mo EACH. Annual gross rent = $66,000 / Annual Expenses = $19,000 / Annual Net Total = $47,000. That’s an 11% cap rate! Sitting on a tidal water canal with a floating dock, you can access the Gulf by boat, jet ski, kayak, or SUP in no time! Guests love to fish off the dock and spot the occasional dolphin or manatee swimming by. Furnished with a coastal theme, all the decorations, furniture, linens, dishes, etc will convey with the sale. The home is in great shape with the roof only 5 years old and the inside/outside recently repainted. Each unit has 2 bedrooms, 1 bathroom with a lanai and stackable washer/dryer. There is literally nothing to do except buy and start making money! The large parking pad fits 4 vehicles comfortably. No HOA but owners have the option of being a member of the Leisure Beach Civic Association for a low $50/year. Leisure Beach is a wonderful community with annual cook offs, a Christmas Boat Parade, and regular community events. Per Pasco County regulations, renting for less than 30 days is not currently allowed but there is a huge demand for mid-stay renting! Property is currently advertised across all major platforms with excellent ratings. Many bookings come direct or by word of mouth. This is a great property for anyone just starting in the vacation rental business or someone looking to add to their portfolio. Property qualifies for FHA and VA as well! Live in one side and rent the other out! Already booked at 60% occupancy through Feb ’24, buyer can keep these bookings! Operating expenses, booking records, survey, elevation certificate, and 4 point report from 2 years ago available upon request. Both sides are currently occupied, please do not disturb the guests. Video tour available as well.
Features
- Heating System:
- Electric, Radiant Ceiling
- Cooling System:
- Zoned, Wall/Window Unit(s)
- Patio:
- Enclosed, Front Porch
- Parking:
- Boat, Parking Pad, Golf Cart Parking
- Exterior Features:
- Storage, Rain Gutters
- Flooring:
- Tile
- Interior Features:
- Ceiling Fans(s), Living Room/Dining Room Combo, Window Treatments
- Laundry Features:
- Other
- Sewer:
- Public Sewer
- Utilities:
- Electricity Connected, Sewer Connected, Water Connected, BB/HS Internet Available
- Waterfront Features:
- Canal - Saltwater
- Window Features:
- Blinds, Rods, Shades
Appliances
- Appliances:
- Range, Refrigerator, Washer, Dryer, Electric Water Heater, Microwave
Address Map
- Country:
- US
- State:
- FL
- County:
- Pasco
- City:
- Hudson
- Subdivision:
- LEISURE BEACH
- Zipcode:
- 34667
- Street:
- 1ST
- Street Number:
- 12609 & 12611
- Street Suffix:
- ISLE
- Longitude:
- W83° 17' 48''
- Latitude:
- N28° 20' 26.7''
- Directions:
- From Hwy 19, go west on Beach Blvd. Make left onto 1st Isle. Property will be on your right.
- Mls Area Major:
- 34667 - Hudson/Bayonet Point/Port Richey
- Zoning:
- MF1
Neighborhood
- Elementary School:
- Gulf Highland Elementary
- High School:
- Fivay High-PO
- Middle School:
- Hudson Middle-PO
Additional Information
- Lot Size Dimensions:
- 48x100
- Water Source:
- Public
- Virtual Tour:
- https://youtu.be/KKkcyH6N6Xg?si=aserQrhPwPHxX2Vw
- On Market Date:
- 2023-11-16
- Number Of Units Total:
- 2
- Accessibility Features:
- Accessible Approach with Ramp
- Lot Features:
- In County, Paved, Flood Insurance Required, FloodZone, Near Marina, Near Public Transit
- Levels:
- One
- Foundation Details:
- Slab
- Construction Materials:
- Block, Stucco
- Building Size:
- 1600
Financial
- Tax Annual Amount:
- 6296
Listing Information
- List Agent Mls Id:
- 709018272
- List Office Mls Id:
- 260032920
- Listing Term:
- Cash,Conventional,FHA,Private Financing Available,VA Loan
- Mls Status:
- Sold
- Modification Timestamp:
- 2023-12-11T19:32:08Z
- Originating System Name:
- Stellar
- Special Listing Conditions:
- None
- Status Change Timestamp:
- 2023-12-11T19:31:49Z
Residential Income For Sale
12609 & 12611 1st Isle, Hudson, Florida 34667
4 Bedrooms
2 Bathrooms
1,224 Sqft
$425,000
Listing ID #T3486265
Basic Details
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Listing ID :
- T3486265
- Price :
- $425,000
- View :
- Water
- Bedrooms :
- 4
- Bathrooms :
- 2
- Square Footage :
- 1,224 Sqft
- Year Built :
- 1972
- Lot Area :
- 0.11 Acre
- Property Sub Type :
- Duplex
- Roof:
- Shingle
- Waterfront Yn :
- 1
Agent info
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