12609 1st Isle

Off Market

12609 1st Isle

Hudson FL 34667

1600 sq. ft.

4800 sq. ft.

Duplex

Last sold for $423,000

Rebecca Frate, last sold this property on 11 December 2023 after -4 days on market.

Overview

Amazing investment opportunity for the savvy buyer! This adorable duplex is fully set up and operating as a mid-term rental for traveling professionals, snow birds, and those needing temporary housing. Each unit has maintained an 88% occupancy rating since first listing in September '21, renting at an average of $2,750/mo EACH. Annual gross rent = $66,000 / Annual Expenses = $19,000 / Annual Net Total = $47,000. That's an 11% cap rate! Sitting on a tidal water canal with a floating dock, you can access the Gulf by boat, jet ski, kayak, or SUP in no time! Guests love to fish off the dock and spot the occasional dolphin or manatee swimming by. Furnished with a coastal theme, all the decorations, furniture, linens, dishes, etc will convey with the sale. The home is in great shape with the roof only 5 years old and the inside/outside recently repainted. Each unit has 2 bedrooms, 1 bathroom with a lanai and stackable washer/dryer. There is literally nothing to do except buy and start making money! The large parking pad fits 4 vehicles comfortably. No HOA but owners have the option of being a member of the Leisure Beach Civic Association for a low $50/year. Leisure Beach is a wonderful community with annual cook offs, a Christmas Boat Parade, and regular community events. Per Pasco County regulations, renting for less than 30 days is not currently allowed but there is a huge demand for mid-stay renting! Property is currently advertised across all major platforms with excellent ratings. Many bookings come direct or by word of mouth. This is a great property for anyone just starting in the vacation rental business or someone looking to add to their portfolio. Property qualifies for FHA and VA as well! Live in one side and rent the other out! Already booked at 60% occupancy through Feb '24, buyer can keep these bookings! Operating expenses, booking records, survey, elevation certificate, and 4 point report from 2 years ago available upon request. Both sides are currently occupied, please do not disturb the guests. Video tour available as well.

Features

4 bedrooms

2 bathrooms

1600 sq. ft. floor area

4800 sq. ft. lot size

Duplex

Estimated Value

We need at least 3 similar 4 bedroom duplexes sold in Hudson over the last 12 months.

Property history for 12609 1st Isle

2023

Sold

$423,000

11 Dec 2023 by Rebecca Frate, of Realty ONE Group | Sunshine

2022

Sold

$410,000

27 Jun 2022 by Robert McDugald, of FUTURE HOME REALTY INC

2021

Sold

$280,000

09 Jul 2021 by Janina Wozniak, of FUTURE HOME REALTY INC

Happy sellers in Hudson

90%

90% of sellers in Hudson reported that their sale price either exceeded or met their price expectations.

Hudson stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 29 reviews in Hudson over the last 12 months.

Local market activity for 4 bedroom duplexes in Hudson

In the last 12 months, 1 four-bedroom duplex similar to 12609 1st Isle, have been sold.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Hudson for a market analysis.

Gregory Klesius

at Gulf Coast Fishing Homes Realty

(317 reviews)

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Catherine "Cookie" Miller, PA, ABR, C2EX, CRS, DSC, GRI, MRP, SRES

at REMAX Sunset Realty | Bayonet Point

(88 reviews)

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Cory Byrd

at COLDWELL BANKER FIGREY&SONRES

(27 reviews)

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Kelly Reilly

at REMAX Champions | Trinity

(79 reviews)

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Hudson

Gregory Klesius

Sellers who recommend Gregory Klesius have praised them for being local expert, responsive, clear communication, honest, well-prepared, reliable, and supportive

5 (317 reviews)
13 Reviews in Hudson
12 Sales in Hudson

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Catherine "Cookie" Miller, PA, ABR, C2EX, CRS, DSC, GRI, MRP, SRES

Sellers who recommend Catherine "Cookie" Miller, PA, ABR, C2EX, CRS, DSC, GRI, MRP, SRES have praised them for being local expert, clear communication, responsive, supportive, dedicated, reliable, and attentive