805 E SHELL POINT ROAD
About This Property
Seller records indicate that the property previously received approvals related to subdividing the parcel into two lots, with proposed development involving a duplex and/or single-family residence. Prior approvals may have expired or may no longer apply. Buyers must independently verify zoning, allowable uses, density, subdivision potential, setbacks, utilities and all building or development requirements with Hillsborough County and other appropriate governmental authorities.
The existing home requires substantial renovation but benefits from documented roof repairs completed in 2023 and an A/C system reportedly installed in 2024. Buyers should independently verify the age, condition and remaining useful life of all improvements and systems. Surrounded by newer construction and situated within an established neighborhood, this property combines location, utilities and land size-three features increasingly difficult to find together.
Conveniently located near shopping, dining, major roadways and Tampa Bay attractions. Whether you envision renovating the existing home, creating a custom residence or pursuing a redevelopment opportunity, 805 E Shell Point Road is ready for your vision. Schedule your showing and explore the possibilities!
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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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About Ruskin
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017