Property Description
Turnkey Cash-Flowing 6-Room PadSplit in Prime West Tampa Walkable to Raymond James Stadium
A rare chance to acquire a fully stabilized, turnkey PadSplit-operated rental in West Tampa. Fully leased and professionally managed by PadSplit, the nationally recognized affordable co-living platform that handles all resident screening, compliance, operations, and collections. Owners receive a single monthly rent deposit, while PadSplit subleases rooms to vetted members.
The property features six 1-bedroom units, two with premium upgrades (one with a private entrance, one with a private bath). Blended average rents are $4,635/month or $55,630/year after PadSplit service fees.
Actual trailing-12 shows $41,738 NOI and a 7.8 cap rate, inclusive of third-party management fees.
This is a lean, predictable, fully passive operation ideal for investors seeking turnkey stability, low vacancy, and immediate cash flow in a rapidly appreciating area. Management is already in place and can remain for a seamless transition.
Features
- Heating System:
- Electric
- Cooling System:
- Central Air
- Exterior Features:
- Other
- Flooring:
- Other
- Interior Features:
- Other
- Laundry Features:
- Common Area
- Sewer:
- Public Sewer
- Utilities:
- Cable Available, Electricity Connected, BB/HS Internet Available
Appliances
- Appliances:
- Refrigerator
Address Map
- Country:
- US
- State:
- FL
- County:
- Hillsborough
- City:
- Tampa
- Subdivision:
- JOHN H DREWS FIRST EXT
- Zipcode:
- 33607
- Street:
- DOUGLAS
- Street Number:
- 3311
- Street Suffix:
- STREET
- Longitude:
- W83° 30' 6.6''
- Latitude:
- N27° 58' 24.7''
- Direction Faces:
- West
- Directions:
- FROM I 275 TAKE EXIT 41A TOWARD DALE MABRY HIGHWAY. HEAD NORTH ON DALE MABRY, TURN RIGHT ON CYPRESS STREET THEN ONTO DOUGLAS TO # 3311.
- Mls Area Major:
- 33607 - Tampa
- Street Dir Prefix:
- W
- Zoning:
- RS-50
Additional Information
- Lot Size Dimensions:
- 50x89
- Water Source:
- Public
- Virtual Tour:
- https://www.propertypanorama.com/instaview/stellar/C7513090
- Stories Total:
- 1
- Previous Price:
- 535000
- On Market Date:
- 2025-08-01
- Levels:
- One
- Foundation Details:
- Slab, Block
- Construction Materials:
- Block
- Building Size:
- 1386
Financial
- Tax Annual Amount:
- 4596.3
Listing Information
- List Agent Mls Id:
- 609000142
- List Office Mls Id:
- 249502150
- Listing Term:
- Cash,Conventional
- Mls Status:
- Withdrawn
- Modification Timestamp:
- 2026-02-02T00:56:08Z
- Originating System Name:
- Stellar
- Special Listing Conditions:
- None
- Status Change Timestamp:
- 2026-02-02T00:56:03Z
Residential For Sale
3311 W Douglas St, Tampa, Florida 33607
6 Bedrooms
2 Bathrooms
1,616 Sqft
$525,000
Listing ID #C7513090
Basic Details
- Property Type :
- Residential
- Listing Type :
- For Sale
- Listing ID :
- C7513090
- Price :
- $525,000
- Bedrooms :
- 6
- Bathrooms :
- 2
- Square Footage :
- 1,616 Sqft
- Year Built :
- 1964
- Lot Area :
- 0.10 Acre
- Full Bathrooms :
- 2
- Property Sub Type :
- Single Family Residence
- Roof:
- Shingle
