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3225 W Shell Point Rd 2 Unit Apartment Building $599,000 ($299,500/Unit) 9.93% Cap Rate Ruskin, FL 33570
Investment Highlights
- Waterfront
- Dock
- Ready
- Direct access to Tampa Bay
- updated
- Overlooks Mangrove Forest
Executive Summary
TWO WATERFRONT HOMES FOR THE PRICE OF ONE! DIRECT ACCESS TO THE BAY AND GULF! Come see this home with an AUD! (Accessory Dwelling Unit!) You can rent it, Airbnb, or a detached in-law suite. NO CDD'S NO HOA'S, GREAT RENTAL OPPORTUNITY PROPERTY FOR Airbnb's. BOTH HOUSES FULLY REMODELED! This is an incredible deal! It’s a two-for-one, waterfront oasis with the added bonus of income potential from Airbnb rentals. The idea of having two homes right on the water, with direct access to the bay and surrounded by the beauty of a mangrove forest, makes it even more enticing. Plus, the fact that it can generate revenue.
Let’s break it down a bit:
Location: The property sits on a saltwater canal with direct access to Tampa Bay, making it prime for boaters and water lovers.
Income-Generating: It's been a successful Airbnb property for two years, which speaks to the demand for short-term rentals in the area.
Two Homes: You get two separate living spaces. This could be a great setup for a family or group of friends, or even to live in one and rent the other. The second home is more like a private guest suite, with a kitchenette, living area, bedroom and a deck.
Private Dock: The saltwater dock is a great addition for boating or just enjoying the peaceful views of the canal.
Tropical Aesthetic: Tall palm trees, lush greenery, and the serene vibes of the mangrove forest create a true paradise feel.
This could appeal to both investors looking to capitalize on the Airbnb trend and those seeking a luxurious, serene home in Florida with water access. Have you thought about how you’d want to use the property—perhaps as a vacation home or just for income potential or a home with a separate in-law suite!
Let’s break it down a bit:
Location: The property sits on a saltwater canal with direct access to Tampa Bay, making it prime for boaters and water lovers.
Income-Generating: It's been a successful Airbnb property for two years, which speaks to the demand for short-term rentals in the area.
Two Homes: You get two separate living spaces. This could be a great setup for a family or group of friends, or even to live in one and rent the other. The second home is more like a private guest suite, with a kitchenette, living area, bedroom and a deck.
Private Dock: The saltwater dock is a great addition for boating or just enjoying the peaceful views of the canal.
Tropical Aesthetic: Tall palm trees, lush greenery, and the serene vibes of the mangrove forest create a true paradise feel.
This could appeal to both investors looking to capitalize on the Airbnb trend and those seeking a luxurious, serene home in Florida with water access. Have you thought about how you’d want to use the property—perhaps as a vacation home or just for income potential or a home with a separate in-law suite!
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$56,000
|
$24.76
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$56,000
|
$24.76
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $56,000 |
| Annual Per SF | $24.76 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $56,000 |
| Annual Per SF | $24.76 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $599,000 | Apartment Style | Low-Rise |
| Price Per Unit | $299,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 9.93% | Building Size | 2,262 SF |
| No. Units | 2 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1968/2025 |
| Zoning | RSC-6 - Canal front Class 25 | ||
| Price | $599,000 |
| Price Per Unit | $299,500 |
| Sale Type | Investment |
| Cap Rate | 9.93% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 2,262 SF |
| Average Occupancy | 95% |
| No. Stories | 1 |
| Year Built/Renovated | 1968/2025 |
| Zoning | RSC-6 - Canal front Class 25 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Views
- Wi-Fi
- Yard
- Breakfast Nook
- Deck
- Den
- Dining Room
- Dock
- Family Room
- Lawn
- Linen Closet
- Mother-in-law Unit
- Pantry
- Patio
- Vinyl Flooring
- Window Coverings
Site Amenities
- Waterfront
- Trash Pickup - Curbside
- Dock
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $3,560 | 1,674 - 1,762 |
| 1+1 | 2 | $1,200 | 588 - 688 |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | U-11-32-18-18U-000000-00012.0 | Improvements Assessment | $4,931 (2025) |
| Land Assessment | $314,758 (2025) | Total Assessment | $319,689 (2025) |
Property Taxes
Parcel Number
U-11-32-18-18U-000000-00012.0
Land Assessment
$314,758 (2025)
Improvements Assessment
$4,931 (2025)
Total Assessment
$319,689 (2025)
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3225 W Shell Point Rd
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