55 VELMA DR W Largo, FL 33770
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,021 sqft
Price per Sqft $264
Subdivision Velma Manor
MLS Listing ID TB8536306
Bedrooms 5
Full Baths 3
Construction Status Completed
HOA Y/N No
Year Built 1957
Annual Tax Amount $8,055
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 76x107
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
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
Location
State FL
County Pinellas
Community Velma Manor
Area 33770 - Largo/Belleair Bluffs
Direction W
Interior
Interior Features Ninguno, Primary Bedroom Main Floor, Stone Counters
Heating Central
Cooling Central Air
Flooring Ceramic Tile, Luxury Vinyl
Furnishings Turnkey
Fireplace false
Appliance Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Laundry In Garage
Exterior
Exterior Feature Outdoor Grill
Garage Spaces 2.0
Utilities Available Cable Connected, Electricity Connected, Public, Sewer Connected
View Y/N No
Water Access No
Roof Type Shingle
Attached Garage true
Exposure West
Garage true
Private Pool No
Building
Lot Description Cleared, City Limits
Story 1
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Unit Floor 1
Structure Type Block,Stucco
New Construction false
Construction Status Completed
Schools
Elementary Schools Mildred Helms Elementary-Pn
Middle Schools Largo Middle-Pn
High Schools Largo High-Pn
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8536306
NEARBY SCHOOL & BUSINESS
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