55 VELMA DRIVE, Largo, Florida, United States, 33770

499,000
for Sale
5
3
8,215

About the property:

SELLERS ATE MOTIVATED! THE PRICE TO SELL! A highly lucrative, move-in ready or turn-key investment property specifically configured as a high-yield short-term rental (STR). Featuring 5 bedrooms and 3 full bathrooms, this 2,021-square-foot single-story home comes fully furnished and completely ready for immediate occupancy or immediate listing on platforms like Airbnb and VRBO. Offers a king-size bed, desk area, large walk-in closet, and an en-suite bathroom with a double vanity, walk-in shower, and jacuzzi bathtub. Features a split-bedroom plan; one attached guest bedroom can be closed off for private use. Includes a kitchen island with seating for 3, a dining room table that seats 6, a Keurig coffee maker, and a Ninja blender. The Living space Outfitted with a large sectional couch and a Smart TV. Game Room: The air-conditioned garage has been converted into an entertainment space with mini-golf, video games, foosball, basketball, and a full walk-in shower bathroom. PROPERTY HIGHTLIGHTS: + Sleeps 10: Large space for families and groups. + Full Furnishings: New furniture, beds, and kitchen tools. + Game Room: Air-conditioned garage with mini-golf and games. + Split Layout: Private lock-off wing and separate guest entrance. + Close to Beach: Just over 2 miles to the Gulf of Mexico( Belleair beach and Indian Rocks Beach) - Outdoor Space: Large deck, covered patio, and outdoor lights. - Parking: Driveway fits up to 4 cars. - Nearby Spots: Walk to local food and shops. Under a mile to the hospital. INCOME POTENTIAL Based on AirDNA market benchmarks for Largo and the adjacent coastal areas, this property is uniquely positioned to significantly outperform the local market median due to its 10-guest capacity, premium game room conversion, and smart income-generating layout Projections Over View: - Conservative base line: Average Daily Rate (ADR): $310, Projected Occupancy of 52%, and Annual Gross Revenue is $58,838 - Realistic Target: '' '' '' '' '' '' '' '' '' '' '' '' '' '' : $395, '' '' '' '' '' '' '' '' '' '' '' '' '' 58%, '' '' Annual Gross Revenue is $83,622 - Optimized Premium: '' '' '' '' '' '' '' '' '' '' '' '' '' '' : $480, '' '' '' '' '' '' '' '' '' '' '' '' '' 63%, '' '' Annual Gross Revenue is $110,376
Property Type:
Single Family Residence
Status:
for Sale
House Style:
Other
Bedrooms:
5
Bathrooms:
3
Full Bathrooms:
3
Acres:
0.19
Square Feet:
2021
Area:
33770 - Largo/Belleair Bluffs
Central A/C:
Yes
Central A C Details:
Central Air
Water:
Public
Heating:
Central
Exterior:
Outdoor Grill
Interior Features:
Ninguno, Primary Bedroom Main Floor, Stone Counters
Appliances:
Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Sewer:
Public Sewer
Directions:
Take West on Eat to Bay- turn right onto Velma Dr. The second house on the right hand side.
Association Fee:
0
Is Garage:
Yes
Is Den:
Yes
Is Game Room:
Yes
Is Investment:
Yes
Is Kitchen Island:
Yes
Is Washer:
Yes
Annual Property Taxes:
8,055.09
Listing ID:
TB8536306

Rooms

Dimensions

Other
Living Room
Kitchen
Bedroom 2
Bedroom 1
Primary Bedroom
Brokered by:
Dalton Wade Inc
Presented By: