Incredible opportunity to acquire a fully renovated, turnkey investment property in a highly desirable St. Petersburg submarket. While available individually, this property is preferred as part of a two-property portfolio package alongside its sister property at 2525 37th St S (See MLS# TB8535635). This 3-bedroom, 1.5-bathroom home offers immediate, risk-mitigated cash flow on day one. The property is fully occupied by a stable tenant at a premium rate of $2,715/month (leased through 3/31/2027), providing secure, government-backed rental income.
The asset has undergone extensive, high-end renovations, resulting in nearly zero deferred maintenance for the next owner. The home has passed multiple rigorous housing inspections. Upgrades include a new 2.5-ton HVAC system, roof repairs, whole-house fumigation with warranty, and a new concrete driveway and patio. The interior features a stunning full kitchen buildout with custom cabinetry, Quartz countertops, new stainless steel appliances including dishwasher and washer/dryer, recessed LED lighting, chandelier, and premium remote-controlled fans. A beautifully upgraded bathroom includes luxury fixtures, LED vanity, and custom shower with premium tile to the ceiling. Located in Flood Zone X (no flood insurance typically required) with zero HOA fees and a tenant who is responsible for all utilities and lawn care.
Package Sister Property Details (2525 37th St S): Features a 4-bed / 1-bath layout, a $3,150/month lease through 2/28/2027, custom attic conversion, and high-end finishes. Combined, the full portfolio delivers a total NOI of $41,930 at a 6.08% blended cap rate. This is a true hassle-free, stabilized addition to any portfolio.
*This listing offers a one-point-lender-paid rate buydown for qualifying buyers.
Pictures are from after renovations, but before current tenants moved in, buyers to verify all information.
Property Details
- Interior
- Ceiling Fans(s), Primary Bedroom Main Floor, Solid Surface Counters, Thermostat, Window Treatments
- Heating
- Electric
- Cooling Features
- Central Air
- Bedrooms
- 3
- Bathrooms
- 1.5
- Full Baths
- 1
- Half Baths
- 1
- View
- City,Garden
- Lot Features
- Landscaped, Sidewalk, Paved
- Stories
- 1
- Lot Description
- Landscaped, Sidewalk, Paved
- Exterior Materials
- Lighting, Private Entrance, Private Mailbox, Rain Gutters, Sidewalk
- Acres
- 0.1
- Square Feet
- 1020.0
- Parking Features
- Driveway, Off Street
- Parking Type
- Driveway
- Property Type
- Purchase
- Year Built
- 1925
- Foundation
- Other, Slab
- Roof
- Shingle
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Electricity Connected, Sewer Connected, Water Connected
- Appliances
- Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer
- Subdivision
- SERVISS SUB
- Community Features
- Street Lights
- County
- Pinellas
- Region
- ST PETERSBURG
- Zoning
- NT-1
- Original List Price
- $315,000
- Days on Market (Cumulative)
- 35
- Taxes Annual
- $4,175
- Pets
- Cats OK, Dogs OK
- Pets Allowed
- Cats OK, Dogs OK
- Ownership
- Fee Simple
- MLS #
- TB8535618
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: William Barnes | Broker
Provided By
Listed by Andrew Vieira (#MFR260053643)
Listing Office: KELLER WILLIAMS REALTY PORTFOLIO COLLECTION (#MFR260015373)
