Seller's Agent in 2023
Rebecca Frate
REALTY ONE GROUP SUNSHINE
(727) 359-1258
1 in this area
20 Total Sales
12609 & 12611 1st Isle Hudson, FL 34667
4
Beds
2
Baths
1,224
Sq Ft
4,800
Sq Ft Lot
Highlights
- 48 Feet of Salt Water Canal Waterfront
- Parking available for a boat
- Canal View
- Floating Dock
- Water access To Gulf or Ocean
- Property is near public transit
About This Home
As of December 2023Amazing 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.
Last Agent to Sell the Property
REALTY ONE GROUP SUNSHINE Brokerage Phone: 727-325-5843 License #3394926 Listed on: 11/16/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,296
Year Built
- Built in 1972
Lot Details
- 4,800 Sq Ft Lot
- Lot Dimensions are 48x100
- 48 Feet of Salt Water Canal Waterfront
- Property fronts a saltwater canal
Home Design
- Duplex
- Slab Foundation
- Shingle Roof
- Block Exterior
- Stucco
Interior Spaces
- 1,224 Sq Ft Home
- Ceiling Fan
- Shades
- Blinds
- Rods
- Combination Dining and Living Room
- Sun or Florida Room
- Storage Room
- Tile Flooring
- Canal Views
- Fire and Smoke Detector
Kitchen
- Range
- Microwave
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Laundry
- Dryer
- Washer
Parking
- Parking Pad
- 4 Parking Garage Spaces
- Parking available for a boat
- Golf Cart Parking
Outdoor Features
- Water access To Gulf or Ocean
- No Fixed Bridges
- Property is near a marina
- Access to Saltwater Canal
- Seawall
- No Wake Zone
- Floating Dock
- Dock made with wood
- Enclosed Patio or Porch
- Outdoor Storage
- Rain Gutters
Location
- Flood Zone Lot
- Flood Insurance May Be Required
- Property is near public transit
Schools
- Gulf Highland Elementary School
- Hudson Middle School
- Fivay High School
Utilities
- Zoned Cooling
- Cooling System Mounted To A Wall/Window
- Radiant Ceiling
- Electric Water Heater
- High Speed Internet
Additional Features
- Accessible Approach with Ramp
- Smoke Free Home
Listing and Financial Details
- Visit Down Payment Resource Website
- Tax Lot 213
- Assessor Parcel Number 16-25-04-0040-00000-2130
Community Details
Overview
- No Home Owners Association
- 1,600 Sq Ft Building
- Leisure Beach Civic Association (Voluntary) Association
- Visit Association Website
- Leisure Beach Subdivision
Pet Policy
- 2 Pets Allowed
- Extra large pets allowed
Building Details
- Operating Expense $19,150
- Gross Income $66,000
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/11/2023 12/11/23 | Sold | $423,000 | -0.5% | $346 / Sq Ft | |
| 11/21/2023 11/21/23 | Pending | -- | -- | -- | |
| 11/16/2023 11/16/23 | For Sale | $425,000 | +3.7% | $347 / Sq Ft | |
| 06/27/2022 06/27/22 | Sold | $410,000 | 0.0% | $335 / Sq Ft | View Prior Sale |
| 06/02/2022 06/02/22 | For Sale | $410,000 | 0.0% | $335 / Sq Ft | |
| 06/01/2022 06/01/22 | Off Market | $410,000 | -- | -- | |
| 06/01/2022 06/01/22 | For Sale | $410,000 | +46.4% | $335 / Sq Ft | |
| 07/09/2021 07/09/21 | Sold | $280,000 | 0.0% | $229 / Sq Ft | View Prior Sale |
| 07/09/2021 07/09/21 | For Sale | $280,000 | -- | $229 / Sq Ft | |
| 05/16/2021 05/16/21 | Pending | -- | -- | -- |
Source: Stellar MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Rebecca Frate
-
John Hoffman
Buyer's Agent in 2023
John Hoffman
KELLER WILLIAMS RLTY NEW TAMPA
(813) 734-7858
1 in this area
465 Total Sales
-
Tania Borelli
Buyer Co-Listing Agent in 2023
Tania Borelli
COLDWELL BANKER REALTY
(813) 361-2104
1 in this area
83 Total Sales
-
Robert McDugald
Seller's Agent in 2022
Robert McDugald
FUTURE HOME REALTY INC
(727) 409-3368
1 in this area
272 Total Sales
-
Stellar Non-Member Agent
S
Buyer's Agent in 2022
Stellar Non-Member Agent
FL_MFRMLS
-
Janina Wozniak
Seller's Agent in 2021
Janina Wozniak
FUTURE HOME REALTY
(727) 888-3889
6 in this area
362 Total Sales
Map
Source: Stellar MLS
MLS Number: T3486265
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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