Hudson, FL 34667,12609 & 12611 1ST ISLE
Hudson, FL 34667,12609 & 12611 1ST ISLE
Hudson, FL 34667,12609 & 12611 1ST ISLE
Hudson, FL 34667,12609 & 12611 1ST ISLE
Hudson, FL 34667,12609 & 12611 1ST ISLE
Hudson, FL 34667,12609 & 12611 1ST ISLE
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$423,000

$425,000

0.5%
Est.Price: ?

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Est. payment /mo

4 Beds

2 Baths

1,224 SqFt


SOLD DATE : 12/11/2023

Key Details

Sold Price $423,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,224 sqft

Price per Sqft $345

Subdivision Leisure Beach

MLS Listing ID T3486265

Sold Date 12/11/23

Bedrooms 4

HOA Y/N No

Originating Board Stellar MLS

Year Built 1972

Annual Tax Amount $6,296

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 48x100

Property Description

Amazing 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.

Location

State FL

County Pasco

Community Leisure Beach

Zoning MF1

Rooms

Other Rooms Florida Room, Storage Rooms

Interior

Interior Features Ceiling Fans(s), Living Room/Dining Room Combo, Window Treatments

Heating Electric, Radiant Ceiling

Cooling Wall/Window Unit(s), Zoned

Flooring Tile

Furnishings Negotiable

Fireplace false

Appliance Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer

Laundry Other

Exterior

Exterior Feature Rain Gutters, Storage

Parking Features Boat, Golf Cart Parking, Parking Pad

Utilities Available BB/HS Internet Available, Electricity Connected, Sewer Connected, Water Connected

Waterfront Description Canal - Saltwater

View Y/N 1

Water Access 1

Water Access Desc Canal - Saltwater,Gulf/Ocean

View Water

Roof Type Shingle

Porch Enclosed, Front Porch

Attached Garage false

Garage false

Private Pool No

Building

Lot Description Flood Insurance Required, FloodZone, In County, Near Marina, Near Public Transit, Paved

Entry Level One

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block,Stucco

New Construction false

Schools

Elementary Schools Gulf Highland Elementary

Middle Schools Hudson Middle-Po

High Schools Fivay High-Po

Others

Pets Allowed Number Limit, Yes

Senior Community No

Pet Size Extra Large (101+ Lbs.)

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, Private Financing Available, VA Loan

Listing Terms Cash, Conventional, FHA, Private Financing Available, VA Loan

Num of Pet 2

Special Listing Condition None

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Stellar MLS
Listed by REALTY ONE GROUP SUNSHINE
Bought with KELLER WILLIAMS REALTY NEW TAMPA
agent-avatar

"My job is to find and attract mastery-based advisors to the shop, protect the culture, and make sure everyone is happy! "

+1(321) 806-9552

barbara.gouldbourn@engelvoelkers.com

101 Canal St, New Smyrna Beach, FL, 32168

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