Investment Property Hotsheet
Interesting Income Properties Available for Sale
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22710 Watersedge Blvd #74, Land O Lakes, FL 34639
Listed Price: $78,500 - Rent price: $1,125 /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)
**UPDATE: The owner of this townhouse decided to keep this rental in their portfolio. We have other managed properties available for purchase**. 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 is upgraded with premium cabinets, granite counter tops, large baseboards, designer lighting and overlooks the community swimming pool. It also offers a small but attractive fenced back yard. The upgrades continue throughout the home. It has a premium feel that never fails to impress prospective renters. Tile and laminate flooring in all the living spaces and bathrooms. Carpet in the bedrooms. The master bedroom has a screened in balcony with views of the expansive park area and swimming pool.
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)