12609 & 12611 1st ISLE

Hudson, FL 34667 View Map $423,000 Ask a Question
Beds4
Baths2
Sq.Ft.1,224
Year1972
John & Maria Hoffman - Tampa Home Group

John & Maria Hoffman - Tampa Home Group

(813) 907-2555

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Status: Sold
Property Type:Duplex
MLS #:T3486265
Sq. Feet:1,224
Date Sold:12/11/2023
Lot Size:4,800 Sq. Ft.
County:Pasco
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.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
12/11/2023$425,000$423,000-0.5%

Community Information

Address:12609 & 12611 1st ISLE, Hudson, FL 34667
Area:34667 - Hudson/Bayonet Point/Port Richey
County:Pasco
City:Hudson
Subdivision:Leisure Beach
Zip Code:34667

School Information

School System:Hudson Middle-PO
High School:Fivay High-Po
Middle School:Hudson Middle-Po
Elementary School:Gulf Highland Elementary

Architecture

Bedrooms: 4
Bathrooms: 2
Year Built:1972
Stories:1
Construction Materials: Block, Stucco
Construction Status: Completed
Dock Y/N: 1
Dock Description: Dock - Wood, Floating Dock
Dock Year Built: 2007
Dock Dimensions: 10'x15'
Flooring Types: Tile
Roof: Shingle
Foundation: Slab
Parking Features: Boat, Golf Cart Parking, Parking Pad

Features / Amenities

Interior Features: Ceiling Fans(s), Living Room/Dining Room Combo, Window Treatments
Appliances: Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Flooring: Tile
Furnished: Negotiable
Additional Rooms: Florida Room, Storage Rooms
Accessibility Features: Accessible Approach with Ramp
Exterior Features: Rain Gutters, Storage
Accessibility Features: Accessible Approach with Ramp
Patio And Porch: Enclosed, Front Porch
Green Indoor Air Quality: No Smoking-Interior Buildg
Window: Blinds, Rods, Shades
Parking: Boat, Golf Cart Parking, Parking Pad
Number Of Assigned Parking Spaces: 4
Security Features: Smoke Detector(s)
Cooling: Wall/Window Unit(s), Zoned
Heating: Electric, Radiant Ceiling
Air Conditioning: Wall/Window Unit(s), Zoned

Property Features

Lot Size: 0.11 Acres / 4,800 Sq. Ft.
Lot Dimensions:48x100
Lot Features: Flood Insurance Required, FloodZone, In County, Near Marina, Near Public Transit, Paved
Waterfront: Canal - Saltwater
View: Water
Water Access: Canal - Saltwater, Gulf/Ocean
Water View: Canal
Waterfront Feet: 48
Lot #: 213
Water Extras: Bridges - No Fixed Bridges, No Wake Zone, Seawall - Concrete
Flood Zone: AE
Utilities: BB/HS Internet Available, Electricity Connected, Sewer Connected, Water Connected
Sewer: Public Sewer
Water: Public
Road Responsibility: Public Maintained Road
Road Surface: Paved
Zoning:MF1
Directions:From Hwy 19, go west on Beach Blvd. Make left onto 1st Isle. Property will be on your right.
Pets Allowed: Number Limit, Yes
Pet Restrictions: Check with county regarding pet restrictions
Number of Pets: 2
Pet Size: Extra Large (101+ Lbs.)

Tax and Financial Info

Tax Year: 2023
Tax Annual Amount: $6,296
Ownership: Fee Simple
Financing Available: Cash, Conventional, FHA, Private Financing Available, VA Loan
Audio Surveillance Notice: 0
Financing Available: Cash, Conventional, FHA, Private Financing Available, VA Loan
Homestead: No
Total Annual Fees: $0
Disclosures: HOA/PUD/Condo Disclosure, Lead Paint, Other Disclosures, Seller Property Disclosure
Realtor Info: As-Is, Currently Leased, See Attachments, Short Term Rental Allowed, Survey Available

Schools

WALKING AND TRANSPORTATION

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Listing provided courtesy of Realty One Group Sunshine (727-325-5843).
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The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Stellar MLS data last updated at April 19, 2024 2:45 AM EST.