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
Contact Agent

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