3311 W DOUGLAS STREET, Tampa, FL 33607

• 6 beds |
• 2 baths |
• 1,616 sqft

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.

Listing Status:

Active

Date Added:

August 1, 2025 at 05:00AM

Listing Office:

DOWNING FRYE REALTY, INC. : 239-261-2244

Listing Agent:

Debra Dolinsky : 239-488-0481

MLS ID:

C7513090

Interior

• General: Other
• Appliances: Refrigerator
• Laundry: Common Area
• Flooring: Other
• A/C: Central Air
• Heating: Electric

Exterior

• General: Other

Construction

• Roofing: Shingle
• General: BlockOneBlockSlab

Location

• Road/Access: Asphalt
• Originating MLS: Stellar MLS
• County: Hillsborough

Lot

• Zoning: RS-50JOHN H DREW'S FIRST EXTENSION LOT 19 BLOCK 56A-10-29-18-3J5-000056-00019.0

Utilities

• Utilities: BB/HS Internet AvailableCable AvailableElectricity Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple

This listing courtesy of Debra Dolinsky, DOWNING FRYE REALTY, INC.