55 Velma Drive W, Largo, FL 33770
- $535,000
- 5
- BD
- 3
- BA
- 2,021
- SqFt
- List Price
- $535,000
- Status
- Active
- Days on Market
- 1
- MLS#
- TB8536306
- Property Style
- Single Family
- Year Built
- 1957
- Bedrooms
- 5
- Bathrooms
- 3
- Living Area
- 2,021
- Lot Size
- 8,215
- Acres
- 0.19
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Velma Manor
- MLS Area Major
- Largo/Belleair Bluffs
Property Description
WELCOME TO 55 VELMA DR. W LARGO, FLORIDA! 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
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Additional Information
- Taxes
- $8055
- Minimum Lease
- 1-7 Days
- Location
- Cleared, City Limits
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Interior Layout
- Ninguno, Primary Bedroom Main Floor, Stone Counters
- Interior Features
- Ninguno, Primary Bedroom Main Floor, Stone Counters
- Floor
- Ceramic Tile, Luxury Vinyl
- Appliances
- Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
- Utilities
- Cable Connected, Electricity Connected, Public, Sewer Connected
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Stucco
- Exterior Features
- Outdoor Grill
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Garage Carport
- 2 Car Garage
- Garage Spaces
- 2
- Elementary School
- Mildred Helms Elementary-Pn
- Middle School
- Largo Middle-Pn
- High School
- Largo High-PN
- Flood Zone Code
- X
- Parcel ID
- 33-29-15-93780-002-0030
- Legal Description
- VELMA MANOR BLK B, LOT 3 LESS N 6.2FT & N 3FT OF LOT 2
Listing courtesy of DALTON WADE INC. 888-668-8283
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