55 VELMA DRIVE, Largo, Florida, 33770

Listed by DALTON WADE INC, Lee Nguyen, 727-698-0600, lnguyen.vmrinvestments@gmail.com
$499,000
2,021 Sqft
0.19 Acres
5 bd
3 ba
#TB8536306
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 FEATURES

  • Utilities : Cable Connected, Electricity Connected, Public, Sewer Connected
  • Water Access : 0
  • Sewer : Public Sewer
  • Lot Features : Cleared, City Limits
  • Road Surface Type : Paved
PROPERTY DETAILS
ID: TB8536306
Status: Active
Price: $499,000
Acres: 0.19 Acres
Price Per Acre: $2,626,316
Type: Other
Address: 55 VELMA DRIVE
City, State: Largo, Florida
County: Pinellas
Zip Code: 33770
Lat/Long: 27.917469, -82.806039
Presented By: Lee Nguyen
Phone: 727-698-0600
Email: Click to Contact
Agent
Lee Nguyen
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