Investment Property Hotsheet
Interesting Income Properties Available for Sale
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22701 Watersedge Blvd #15, Land O Lakes, FL 34639
Listed Price: $71,500 - Rent price: $1,025 /mo.
Property Type: Townhouse (2 floors)
Baths: 1.5 (laundry in upstairs bath)
Heated Area: 1,032 SqFt
HOA fee: $280 (includes Water / Sewer / Trash / Exterior Maintenance)
This Land O Lakes investment property is a rare find in an area surrounded by significantly more expensive single-family homes in one of the most sought-after school districts in the entire metro Tampa Bay area. There are very few rentals (especially at this price point) available anywhere in Land O Lakes which makes this a consistent performer that enjoys extremely low vacancy. This townhome features contemporary large-format tile floors downstairs and carpeting upstairs. It also offers a small but attractive fenced back yard and patio. The renovated bathroom features a washer/dryer, granite vanity and upgraded tile walls. This unit is occupied by a happy tenant with a lease in place through June of 2020 so no worries about a make-ready or vacancy losses. This investment property is truly turn-key. **See the comparative market analysis (with photos) here**
OUR OPINION OF THIS PROPERTY:
As stated above, this is a rare find in Land O Lakes. Most rentals are priced far above this townhouse which places this home in a solid position to always be in high demand. One of the most popular things with renters are the schools: A-rated Land O Lakes, high school is a prestigious International Baccalaureate school. Chelsea Meadows was once overlooked and had become a little dilapidated but is now enjoying a resurgence of capital improvements outside and many units are being thoroughly renovated inside. Home Locators Property Management has been at the forefront in this community revival. We began buying and promoting this community years ago and have driven rent prices higher while raising the standards of improvements and bringing in qualified renters that have helped to turn this community into a desirable place to live for its residents. Equally important, we have helped landlords to purchase high-performing income properties here that deliver reliable rents, year over year. Given the value pricing and interior upgrades, this investment property is positioned to be a long-term hold in your portfolio. Land O Lakes is popular and doesn't have enough rental properties to satisfy the demand. Sourcing new tenants should always be relatively fast given the attractiveness of this property. We feel it represents excellent value for the money for Landlord and Tenant alike.
Contact Dave Kinkade at  434-1529 or leave a note in the form below to discuss acquiring a rental property.
(*listing information and photos courtesy of Home Locators Property Management)