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$340,000   Price Analysis
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8005 E Dr Martin Luther King Jr Blvd
Tampa, FL 33619
9 bed 2 bath 1,520 SqFt ($223/SqFt)
6,000SqFt lot. Built 1961
Listed 2024-01-26, Taxes $3,696		Ⓧ USDA Ineligible
due to location
near Tampa

Generating over $6

* No Longer For Sale *
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100 per month in gross rental income ($73, 000+ per year), this investment offers a unique combination of cash flow and turnkey management in a sought-after location. After expenses the CAP rate is over 8% and 5.5% cash-on-cash ROI. The home is leased to one tenant, PadSplit, which hosts th property on their platform. PadSplit not helps members save money and live closer to work but also provides an avenue for investors to achieve 3x+ cash flow. All members are professionally screened by PadSplit, required to pass a background check and undergo income verification.

PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Sold with an optional top-rated super-host who coordinates cleaning and repairs, this property is ideal for any investor. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution before calling. Part of a portfolio, contact the listing agent if you are interested in purchasing multiple properties with a similar setup and ROI. OFFER REQUIREMENTS: Do all due diligence before submitting an offer, $7, 500 EMD, closing agent MUST be Heather Salvatoriello with The Close Agent.


Presented by Kim Meredith-Hampton at
Hampton Real Estate Advisors Llc.


Property MLS #U8226536 from StellarMLS

Bedrooms: 9
Primary Bedroom Level: First
Bedroom 1 Level: First
Bedroom 2 Level: First
Bedroom 3 Level: First
Bedroom 4 Level: First
Bedroom 5 Level: First
Bedroom 6 Level: First

Total Rooms: 14
Living Room Level: First

Total Bathrooms: 2
Full Bathrooms: 2
Bathroom 1 Level: First
Bathroom 2 Level: First

Eat-in Kitchen
Flooring: Luxury Vinyl

Convection Oven
Dryer
Microwave
Refrigerator
Washer
Laundry Features: Inside

Cooling Features: Central Air
Heating Features: Central

Kitchen Level: First

Awning(s)
Storage
Fencing: Chain Link
Road Responsibility: Public Maintained Road
Road Surface Type: Paved

Lot Size Acres: 0.137741
Lot Size Square Feet: 6000

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School: Kenly-HB
High School: Blake-HB
Middle School: Mann-HB

Kenly Elementary School is a public elementary school located approximately 1.2 miles away.
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Mann Middle School is a public middle school located approximately 5.6 miles away.
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Blake High School is a public high school located approximately 6.4 miles away.
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Living Water Academy is a private elementary school located approximately 0.8 miles away.
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Lease Term: Minimum Lease: No Minimum

Annual Tax Amount: 3635
Source Listing Status: Closed
County: Hillsborough
Directions: From Tampa, Get on I-275 N. Take I-4 E to FL-574 E/E Dr Martin Luther King Jr Blvd/E M.L.K. Jr Blvd in East Lake-Orient Park. Take exit 5 from I-4 E. Take exit 5 to merge onto FL-574 E/E Dr Martin Luther King Jr Blvd/E M.L.K. Jr Blvd. Pass by Fairfield Inn & Suites by Marriott Tampa Fairgrounds/Casino (on the right in 0.4 mi). Merge onto FL-574 E/E Dr Martin Luther King Jr Blvd/E M.L.K. Jr Blvd. Destination will be on the right.
Tax Year: 2023
Ownership: Fee Simple
Source Property Type: Residential
Area: 33619 - Tampa / Palm River / Progress Village
Source Neighborhood: BUFFALO ESTATES UNIT 1
Parcel Number: U-12-29-19-1NM-000002-00013.0
Postal Code Plus 4: 1237
Subdivision: BUFFALO ESTATES UNIT 1
Township: 29
Zoning: PD
Property Subtype: Single Family Residence
Source System Name: C2C

YearAssessments
Building + Land
Total		Tax
2022$152,708 + $33,660
$186,368		$3,696
2021$unknown + $unknown
$77,042		$2,166
2020$unknown + $unknown
$70,038		$1,907
2019$unknown + $unknown
$63,671		$1,669
2018$77,957 + $11,016
$88,973		$1,543
2017$53,078 + $9,180
$62,258		$1,315
2016$42,635 + $5,202
$47,837		$1,166
2015$47,065 + $5,202
$52,267		$1,269
2014$unknown + $unknown
$49,645		$1,207
2013$unknown + $unknown
$45,177		$637
2012$unknown + $unknown
$41,993		$1,091
2011$unknown + $unknown
$49,486		$1,245
2010$unknown + $unknown
$59,674		$819
2009$unknown + $unknown
$76,585		$964
2008$unknown + $unknown
$116,750		$1,773
2007$unknown + $unknown
$114,311		$1,999

Sold 2024-04-29
$340,000
StellarMLS
Price Changed 2024-02-24
$340,000
StellarMLS
Listed 2024-01-26
$349,000
StellarMLS
Sold 2021-12-08
$210,000
Public Record
Sold 2015-08-28
$42,500
Public Record
Sold 1978-01-01
$25,000
Public Record

Total Square Feet Living: 1520
Year Built: 1961
Building Area Source: Public Records
Building Area Total: 2193
Construction Materials: Concrete
Direction Faces: North
Foundation Details: Slab
Levels: One
Property Age: 63
Roof: Shingle

Sewer: Public Sewer
Public
Water Source: Public

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.