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12609 & 12611 1st Isle

Hudson, FL 34667

4 beds
2 baths
1,224 sqft
4,800 sqft lot
$345 per sqft
1972 build
– on site

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Amazing investment opportunity for the savvy buyer! This adorable duplex is fully set up and operating as a mid-term rental for traveling professionals, snow birds, and those needing temporary housing. Each unit has maintained an 88% occupancy rating since first listing in September '21, renting at an average of $2,750/mo EACH. Annual gross rent = $66,000 / Annual Expenses = $19,000 / Annual Net Total = $47,000. That's an 11% cap rate! Sitting on a tidal water canal with a floating dock, you can access the Gulf by boat, jet ski, kayak, or SUP in no time! Guests love to fish off the dock and spot the occasional dolphin or manatee swimming by. Furnished with a coastal theme, all the decorations, furniture, linens, dishes, etc will convey with the sale. The home is in great shape with the roof only 5 years old and the inside/outside recently repainted. Each unit has 2 bedrooms, 1 bathroom with a lanai and stackable washer/dryer. There is literally nothing to do except buy and start making money! The large parking pad fits 4 vehicles comfortably. No HOA but owners have the option of being a member of the Leisure Beach Civic Association for a low $50/year. Leisure Beach is a wonderful community with annual cook offs, a Christmas Boat Parade, and regular community events. Per Pasco County regulations, renting for less than 30 days is not currently allowed but there is a huge demand for mid-stay renting! Property is currently advertised across all major platforms with excellent ratings. Many bookings come direct or by word of mouth. This is a great property for anyone just starting in the vacation rental business or someone looking to add to their portfolio. Property qualifies for FHA and VA as well! Live in one side and rent the other out! Already booked at 60% occupancy through Feb '24, buyer can keep these bookings! Operating expenses, booking records, survey, elevation certificate, and 4 point report from 2 years ago available upon request. Both sides are currently occupied, please do not disturb the guests. Video tour available as well.

Listing courtesy of STELLAR_MLS / REALTY ONE GROUP SUNSHINE

Last checked: Checking… • Last updated Dec 11, 2023 •

MLS# T3486265 —

The Building

Year Built:

1972
New Construction:

false
Construction Materials:

Block
# of Buildings:

1
Building Area Total:

1600
Levels:

One
Roof:

Shingle
Foundation Details:

Slab
Window Features:

Blinds
Patio And Porch Features:

Enclosed
Security Features:

Smoke Detector(s)
Accessibility Features:

Accessible Approach with Ramp
Green Indoor Air Quality:

No Smoking-Interior Buildg

Interior

Furnished:

Negotiable
Interior Features:

Ceiling Fans(s)
Additional Rooms:

Florida Room
Flooring:

Tile
Fireplace:

false

Room Dimensions

Living Area:

1224
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

From Hwy 19, go west on Beach Blvd. Make left onto 1st Isle. Property will be on your right.
Latitude:

28.340763
Longitude:

-82.703328
Coordinates:

-82.703328, 28.340763

The Property

Parcel Number:

16-25-04-0040-00000-2130
Property Type:

Residential Income
Property Subtype:

Duplex
Property Condition:

Completed
Property Attached:

false
Lot Features:

Flood Insurance Required
Lot Size Acres:

0.11
Lot Size SqFt:

4800
Lot Size Dimensions:

48x100
Lot Size Units:

Square Feet
Zoning:

MF1
View:

Water
Exterior Features:

Rain Gutters
Water Source:

Public
Total Acres:

0 to less than 1/4
Road Surface Type:

Paved
Road Frontage Type:

Street Paved
Flood Zone Code:

AE
Flood Zone Panel:

12101C0179G
Homestead:

false
Lease Restrictions:

true

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

213
Tax Book Number:

9/139
Tax Annual Amount:

6296
Tax Legal Description:

LEISURE BEACH UNIT 1 PB 9 PGS 139-140 S 28 FT OF LOT 213 & N 20 FT OF LOT 212 OR 6934 PG 348 & OR 6934 PG 349

Beds

Bedrooms Total:

4

Baths

Total Baths:

2

The Listing

Special Listing Conditions:

None
Buyer's Brokerage Compensation:

2.5%

Heating & Cooling

Heating:

Electric
Heating:

true
Cooling:

Wall/Window Unit(s)
Cooling:

true

Utilities

Utilities:

BB/HS Internet Available
Sewer:

Public Sewer

Appliances

Appliances:

Dryer
Laundry Features:

Other

Schools

Elementary School:

Gulf Highland Elementary
Middle Or Junior School:

Hudson Middle-PO
High School:

Fivay High-PO

The Community

Subdivision Name:

LEISURE BEACH
Senior Community:

false
Water View:

Canal
Water View:

true
Water Access:

Canal - Saltwater
Water Access:

true
Water Extras:

Bridges - No Fixed Bridges
Waterfront:

true
Waterfront Features:

Canal - Saltwater
Spa:

false
Pool Private:

false
Pets Allowed:

Number Limit
Pet Restrictions:

Check with county regarding pet restrictions
# of Pets:

2
Association:

false
Ownership:

Fee Simple
Association Approval Required:

false
Waterfront Feet Total:

48
Water Frontage Feet Canal Salt:

48

Parking

Garage:

false
Attached Garage:

false
Carport:

false
Open Parking:

false
Parking Features:

Boat

Extra Units

# of Units Total:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
12/11/23 Dec 11, 2023	Sold	STELLAR_MLS	$423,000	-0.5%
11/21/23 Nov 21, 2023	Pending	STELLAR_MLS	$425,000
11/16/23 Nov 16, 2023	Listed / Active	STELLAR_MLS	$425,000	3.7% (2.6% / YR)

Multifamily Sold on 12/11/2023

$423,000

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Listing Courtesy of: STELLAR_MLS and REALTY ONE GROUP SUNSHINE.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.

12609 & 12611 1st Isle

Hudson, FL 34667