3098 Phoenix AVENUE
About This Property
Nestled on nearly half an acre, this updated 2-bedroom, 1-bathroom stilt home offers the perfect blend of comfort, style, and waterfront living. With 1,628 sq. ft. of heated living space, it's ideal for those who love entertaining and enjoying the outdoors.
It also has no deed or rental restrictions, so whether you're looking for your dream home or an incredible investment opportunity, this property checks all the boxes!
The spacious open-concept kitchen and living area are perfect for hosting gatherings. The updated kitchen features sleek granite countertops, soft-close cabinetry, and a large farm sink - all complemented by the elevated vaulted ceilings and beautiful floor-to-ceiling windows that provide a spacious atmosphere and stunning views of the water and surrounding Florida wildlife. Watch birds fly, and fish jump right from the comfort of your couch!
Both generously sized bedrooms offer plenty of space, while the bathroom provides modern updates. The home also includes a dedicated laundry room for added convenience.
For those with a collection of "toys," you'll appreciate the two extended pass-through garages, providing ample space for vehicles, watercraft, or recreational equipment. The large dock out back makes it easy to enjoy the water for fishing, boating, or simply relaxing. The home is on a water inlet that leads directly into Tampa Bay, offering easy access to boating adventures to Safety Harbor and other nearby destinations.
Outside, the shelled backyard is the perfect blank canvas to set up outdoor furniture or a jacuzzi. The corner of the yard also features a cozy fire pit right near a little canal running adjacent to the home. Rest assured, the home has been well-maintained with newer AC, water heater, plumbing, and a 1-year-old roof. There was no flood damage to the living area of the home in the recent storms.
Don't miss your chance to own this waterfront gem in Oldsmar, FL. Schedule a showing today!
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017