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8005 E Dr Martin Luther King Jr Boulevard, Tampa, FL 33619
$340,000
8005 E Dr Martin Luther King Jr Boulevard, Tampa, FL 33619View this property at 8005 E Dr Martin Luther King Jr Boulevard, Tampa, FL 33619
8005 E Dr Martin Luther King Jr BoulevardTampaFL33619
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Property Description
Generating over $6,100 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 the property on their platform. PadSplit not only 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.
Full Property Details
Full Property Details for 8005 E Dr Martin Luther King Jr Blvd
General
- Sold For: $340,000
- Taxes: $3,635 (2023)
- Status: Closed
- Type: Single Family
- MLS ID: U8226536
- Added to Site: 125 day(s) ago
Rental Information
- Min. Lease: No Minimum
Interior
- Number of Rooms: 14
- Interior Features: Eating Space In Kitchen
- Appliances: Convection Oven, Dryer, Microwave, Refrigerator, Washer
- Flooring: Luxury Vinyl
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 9
Other Rooms
- Laundry: Inside
Exterior
- Exterior Features: Awning(s), Other, Storage
Location
- Area: 33619 - Tampa / Palm River / Progress Village
- County: Hillsborough
- Development Name: 33619 - Tampa / Palm River / Progress Village
- Subdivision: BUFFALO ESTATES UNIT 1
- Driving 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.
- Direction Faces: North
School Information
- Elementary School: Kenly-HB
- Middle School: Mann-HB
- High School: Blake-HB
Community
- Community Name: 33619 - Tampa / Palm River / Progress Village
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Public
Structural Information
- Exterior Const.: Concrete
- Roof: Shingle
- Stories/Levels: One
- Square Feet: 1,520
- Sq. Ft. Source: Public Records
- Living Area: 1,520 Sq. Ft.
- Year Built: 1961
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,000
- Lot Size: 6000
- Street/Road Desc.: Paved
- Fencing (Description): Chain Link
Financial Considerations
- Tax Amount: $3,635
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: BUFFALO ESTATES UNIT NO 1 LOT 13 BLOCK 2
- Flood Zone Info: X
- Disclosures/Reports: Lead Paint, Seller Property Disclosure
- APN: U1229191NM00000200013.0
- Property ID: U1229191NM00000200013.0
- Block/Lot/Section: 2
Listed by Hampton Real Estate Advisors L
Sold by Keyrenter Tampa Property Management
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Schools
Schools serving 8005 E Dr Martin Luther King Jr Blvd
School District:Hillsborough County School District
Rating | Name | Grades | Distance |
---|---|---|---|
2909 N 66th St, Tampa, FL 33619 | PK-5 | 1.2 mi | |
409 E Jersey Ave, Brandon, FL 33510 | 6-8 | 5.6 mi | |
1701 N Boulevard, Tampa, FL 33607 | 9-12 | 6.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8005 E Dr Martin Luther King Jr Blvd
Date
Details
Price
Change
Source
4/29/2024
Sold
$340,000
—
MLS
2/23/2024
Price Reduced
$340,000
-2.58%
MLS
1/25/2024
Listed
$349,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8005 E Dr Martin Luther King Jr Boulevard, Tampa, FL 33619 (MLS# U8226536) is a Single Family property that was sold at $340,000 on April 29, 2024. Want to learn more about 8005 E Dr Martin Luther King Jr Boulevard? Do you have questions about finding other Single Family real estate for sale in Tampa? You can browse all Tampa real estate or contact a Coldwell Banker agent to request more information.