3-Unit Short-Term Rental
221 1ST, Davenport, FL 33837
For Sale
New
$299,900
Covered porch, outdoor deck, private courtyard, and storage shed add usable outdoor and utility space.
Property Size1,098 SF
Days on Market2
Property Features for 221 1ST
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
covered wraparound porch
covered outdoor deck
backyard courtyard with lounge area
outdoor shed
indoor laundry room
Building Details
Building Size
Year Built
Listing Agency:
Hut Team Realty
Listed By:
Daniel Hut · License FL #3417570
(863) 400-6090
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hut Team Realty
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Investment Insights
Based on property information with market context.
This Davenport property is configured as three separate short-term rental units: two created within the main residence and a tiny home. The 1993-built residence has 3 bedrooms and 2 bathrooms. Renovation details include updated lighting and hardware, paneled interior finishes, an indoor laundry room, and showers with built-in shelving. Outdoor features include a covered wraparound porch, a covered deck, a courtyard lounge area, white vinyl fencing, and a storage shed that conveys with the property.
At 221 1ST, the property is near grocery stores, restaurants, and services. The Atlantic and Gulf coasts are each just over an hour away. Its Walk Score is 17, rated Car-Dependent, and its Bike Score is 29, rated Somewhat Bikeable.
At 221 1ST, the property is near grocery stores, restaurants, and services. The Atlantic and Gulf coasts are each just over an hour away. Its Walk Score is 17, rated Car-Dependent, and its Bike Score is 29, rated Somewhat Bikeable.
Key Highlights
- Three separate short‑term rental units: two in the main residence and one tiny home
- Main residence has 3 bedrooms and 2 bathrooms; built in 1993
- Covered wraparound porch, covered deck, and courtyard lounge area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,773
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,460
$215.5K
Cap Rate 7%
$153,900
$153.9K
Cap Rate 9%
$119,700
$119.7K
Market Conditions
NOI Build-Up for 1,098 SF
Gross rent
$20.9K $19.08/SF
− Vacancy
−$1.4K −$1.24/SF
EGI
$19.6K $17.84/SF
− OpEx
−$8.8K −$8.03/SF
NOI
$10.8K $9.81/SF
Area
Polk County, FL
Vacancy
6.50%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,460
Cap Rate 7%
$153,900
Cap Rate 9%
$119,700
Alternative Uses
Best Use
Apartment 5plus
$153.9K
$134.7K – $179.6K
NOI $10,773 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$280.4K
$245.3K – $327.1K
NOI $19,625 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
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Business Placement
Demographics for 33837, FL
36,302
Population
19,082
Households
1.9
Avg Household Size
40
Median Age
27%
College-Educated
90%
High-School Grad
51.3 sq mi
ZIP Area
708
Density / Sq Mi
$75,861
Median Household Income
$39,246
Median Earnings
$1,739
Median Rent
$297,700
Median Home Value
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Market
Average Price Trend$/SF for Short term rental properties in Polk County, FL
Properties on Market for Short term rental properties in Polk County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Covered porch, outdoor deck, private courtyard, and storage shed add usable outdoor and utility space.
Where is this short term rental property located?
The property is located at 221 1ST Davenport, FL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Three separate short‑term rental units: two in the main residence and one tiny home; Main residence has 3 bedrooms and 2 bathrooms; built in 1993; Covered wraparound porch, covered deck, and courtyard lounge area
