Three-Suite Short-Term Rental
815 SECOND AVE NW, Ruskin, FL 33570
For Sale
Contact for pricing
Each of the three living suites has a full kitchen and can support separate short-term rental use.
Property Size5,006 SF
Price / SF$214.74
Days on Market26
Property Features for 815 SECOND AVE NW
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
private dock
covered boat port
private sandy shoreline
waterfront firepit
Listing Agency:
RE/MAX Realty Unlimited
Listed By:
Debrah Hailey · License FL SL684583
(727) 576-6500
Source:
Crexi
Added: Oct 15
Changed: Nov 8
Last Checked: Nov 8 at 3:54PM
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 RE/MAX Realty Unlimited
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Investment Insights
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Configured with three distinct living suites, this 5,006-square-foot waterfront residence includes six bedrooms and six bathrooms. Each suite has a full kitchen, and the property is described as suitable for use as three separate short-term rentals. Furnishings and gym equipment may be included. There is no HOA or CDD fee.
The property has 90 feet of waterfront with direct access to Tampa Bay and the Gulf. A private dock, covered boat port, sandy shoreline and waterfront firepit add outdoor features. Parking accommodates boats, RVs and guests.
The property has 90 feet of waterfront with direct access to Tampa Bay and the Gulf. A private dock, covered boat port, sandy shoreline and waterfront firepit add outdoor features. Parking accommodates boats, RVs and guests.
Key Highlights
- 5,006 SF residence with three separate living suites
- 90 feet of waterfront with direct access to Tampa Bay and the Gulf
- Six bedrooms and six bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,571
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,211,420
$1.2M
Cap Rate 7%
$865,300
$865.3K
Cap Rate 9%
$673,011
$673.0K
Market Conditions
NOI Build-Up for 5,006 SF
Gross rent
$116.5K $23.28/SF
− Vacancy
−$6.4K −$1.28/SF
EGI
$110.1K $22.00/SF
− OpEx
−$49.6K −$9.90/SF
NOI
$60.6K $12.10/SF
Area
Hillsborough County, FL
Vacancy
5.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,211,420
Cap Rate 7%
$865,300
Cap Rate 9%
$673,011
Alternative Uses
Best Use
Apartment 5plus
$865.3K
$757.1K – $1.01M
NOI $60,571 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,484 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
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Business Placement
Demographics for 33570, FL
33,348
Population
14,049
Households
2.4
Avg Household Size
37
Median Age
22%
College-Educated
88%
High-School Grad
41.8 sq mi
ZIP Area
798
Density / Sq Mi
$69,048
Median Household Income
$41,333
Median Earnings
$1,217
Median Rent
$255,400
Median Home Value
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Market
Average Price Trend$/SF for Short term rental properties in Hillsborough County, FL
Properties on Market for Short term rental properties in Hillsborough County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Each of the three living suites has a full kitchen and can support separate short-term rental use.
Where is this short term rental property located?
The property is located at 815 SECOND AVE NW Ruskin, FL.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: 5,006 SF residence with three separate living suites; 90 feet of waterfront with direct access to Tampa Bay and the Gulf; Six bedrooms and six bathrooms
