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524 CHANNEL DRIVE
About This Property
Situated on a 50' x 110' lot with approximately 50 feet of waterfront, this 2-bedroom, 2-bath home with a metal roof offers 1,563 SF of comfortable living space, beautiful canal views, Gulf/Ocean-to-Bay water access and a concrete seawall. Enjoy the waterfront lifestyle from day one-kayaking, paddleboarding, boating, fishing, relaxing by the water, and watching cruises and boats pass by.
LOVE IT AS IT IS OR DREAM BIG FOR THE FUTURE. The existing home provides the opportunity to move in and enjoy Davis Islands for many years to come. And if your plans change someday, the waterfront homesite offers the exciting possibility of creating a new custom residence designed for your next chapter and generations to come.
The location is exceptional-close to Davis Islands restaurants, parks, recreational facilities, marina, Peter O. Knight Airport and Tampa General Hospital, with Downtown Tampa, Water Street, Amalie Arena, the Convention Center and Tampa Riverwalk just minutes away.
A unique opportunity to purchase a Davis Islands waterfront property where you don't have to choose between enjoying today and planning for tomorrow. LIVE IN IT. LOVE IT. AND, WHEN THE TIME IS RIGHT, IMAGINE WHAT COMES NEXT.
Buyer to independently verify dimensions, waterfront information, seawall condition, flood-zone requirements, building possibilities and all information relevant to buyer's intended use.
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What does this mean?
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%.
How much can I actually make?
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