2210 IRENE STREET LUTZ FL 33549 MLS #TB8382005

Final Opportunity! This high-income multi-family property is about to go off the market — now available at its last and final price drop. Act fast! 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 Airbnb’s, over 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.