Overview

Fully renovated single-story home in Largo, FL with 6 bedrooms, 3 full baths and about 2,546 sq ft, laid out for 12 shared beds. Vacant and move-in ready, right between Clearwater and St. Petersburg.

Lease and Income Structure

This newly renovated single-family home in Largo is ready for a sober living operator to move in and get started. The home has 6 bedrooms and 3 full bathrooms across about 2,546 sq ft, all on one level. It's laid out for 12 shared beds, and the open living room could serve as a 7th bedroom if needed. Inside, you'll find a brand-new kitchen with white shaker cabinets, quartz countertops, stainless steel appliances and a large island with seating. Light wood-look flooring runs throughout, and every bedroom has a ceiling fan. The oversized primary bedroom has its own bath with marble-style tile, a soaking tub and a glass walk-in shower. One more bedroom has a private bath, and the third full bath is shared. There's also a separate laundry room with plenty of cabinet space. Out back is a fenced yard with a storage shed, and there's driveway parking out front. Largo sits in the middle of Pinellas County, with easy access to Clearwater, St. Petersburg and Tampa for jobs, meetings and treatment resources. Asking $4,500 per month.

Property Financials

Bed Data

Shared Beds 12

Total Beds 12

Vacancy Rate (estimated) 20%

House Mentors 1.3

Revenue-Producing Beds 8.70

Weekly Rent $200.00

Intake Fee $200.00

Revenue (Annual)

Total Potential Rent Income $124,800.00

Less: Vacancy & Loss $24,960.00

Less: Mentor Rent Credit $13,520.00

Plus: Intake Fee Revenue $4,000.00

Plus: Laundry Service Revenue $2,080.00

Total Revenue $92,400.00

Expenses (Annual)

Operating Expenses $15,887.00

Property Insurance $2,600.00

Operator Compensation $24,000.00

Valuation

Capitalization Rate 8.50%