3311 W Douglas St, Tampa, FL 33607

A rare opportunity to acquire a turnkey cash-flowing 6 Room Padsplit in one of Tampas most in-demand West Tampa rental corridors- walk to Raymond James Stadium. 3311 W Douglas St is fully leased, stabilized, and operated by PadSplit, a nationally recognized co-living platform focused on affordable housing. PadSplit handles all resident screening, compliance, and day-to-day management, delivering a single monthly rent deposit directly to the owners account monthly. The property is currently leased exclusively to PadSplit, who subleases individual rooms to professionally vetted members.nThis fully occupied asset includes (6) 1-bedroom units, two of which feature upgrades (one with a private entrance and one with a private bath), with a blended average of $885/month in rent (after vacancy and booking fees). That translates to $5,310/month in gross rent or $56,875/year under pro forma conditions.nT-12 performance shows $53,279 in gross income with $16,772 in operating expenses, yielding an NOI of $36,507 and a 6.35 cap rate. The pro forma assumes improved net returns due to a decrease in new management booking costs and platform fees, resulting in an NOI of $40,103 and a 6.97 cap rate, all with expenses held constant. Its a lean, predictable operation ideal for passive investors seeking immediate returns & tax benefits with minimal overhead.nManagement is already in place and can remain for a seamless transition, making this a true turnkey asset. With PadSplit acting as your mast