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Amr Karar

amr@sarasotahomesnlifestyle.com +1(941) 400-9166

$ 1,298,900

Est. payment -/mo

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Price Dropped by $51K

2210 IRENE ST Lutz, FL 33549

8 Beds

8 Baths

4,940 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,940 sqft

Price per Sqft $262

Subdivision Clewell Heights Second Additio

MLS Listing ID TB8382005

Bedrooms 8

HOA Y/N No

Year Built 1971

Annual Tax Amount $3,824

Lot Size 0.400 Acres

Acres 0.4

Property Sub-Type Quadruplex

Source Stellar MLS

Property Description

This listing includes two quadplexes, 2208 and 2210 Irene, on side-by-side lots being sold together. The portfolio features eight 1BR/1BA units, seven of which are fully furnished, turnkey extended stay rentals, currently operating as successful Airbnbs, at almost a 9% cap rate . These units have a 30-day minimum stay, with most guests—such as travel nurses and Moffitt patients—booking for 60 to 90 days. Keep as is or change to furnished rentals at a 7% cap rate or unfurnished at a 6% cap rate. One unit is leased to a long-term tenant of 7 years, and another Airbnb guest has remained for over a year at $1,825 per month. Current Airbnb units average approximately $1,825-$1875 per month per unit, with bookings already in place to September.

Seven units have been recently renovated, including one completed this week and listed on Airbnb( Booked in 4 days for 3 months). Properties are on separate electric meters. Septic was pumped last month and a new lift station pump installed. Washer and dryer are approximately a years old. Roof was replaced in 2018. Appraised in 2022 at $612,000 for one building alone, with only two units remodeled at the time.

Sale includes all furnishings, linens, and extra supplies in 7 units. Buyer must honor existing bookings, with some ending in August. The current owner will remain the point of contact for guests until those bookings conclude. New owner will need to create their own Airbnb listings after transfer and may also utilize other platforms such as Furnished Finder or Vrbo.

These properties are offered as-is with no repairs or updates to be made post-contract. They present a strong investment opportunity with immediate income, low turnover, and solid performance. Please do not disturb guests. Price is firm.

Location

State FL

County Hillsborough

Community Clewell Heights Second Additio

Area 33549 - Lutz

Zoning RMC-16

Interior

Interior Features Ceiling Fans(s)

Heating Electric, Ductless

Cooling Wall/Window Unit(s)

Fireplace false

Laundry Common Area, Electric Dryer Hookup, Washer Hookup

Exterior

Exterior Feature Other

Utilities Available Electricity Connected, Fiber Optics, Water Connected

Roof Type Membrane,Shingle

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Septic Tank

Water Public

Structure Type Block,Brick

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8382005

Listed by US REALTY HUB LLC

Amr Karar

2210 IRENE ST Lutz, FL 33549

Key Details

Location

Interior

Exterior

Building

Others

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2210 IRENE ST