Property Attributes
- MLS#T3524505
- TypeSingle Family
- CountyPINELLAS
- CitySAINT PETERSBURG
- AreaSt Pete
- NeighborhoodLakeside Sub
- Zip33714
- StyleSingle Family Residence
- Year Built1936
- Taxes$ 4876
- Price$ 650,000
- Bedrooms9
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage2310
- Lot Size0.38 Acres
Data Source:
Stellar MLS
Property Description
Welcome to your next income-producing investment opportunity! This property presents an exceptional chance to secure a steady return with an impressive 11% Cap Rate post-operating expenses. Comprising two units on a single lot, this investment gem offers versatility and stability. The primary unit boasts a spacious layout featuring 5 bedrooms and 3 bathrooms, while the secondary unit offers 4 bedrooms and 2 bathrooms. Currently operating under a group living model, the property is fully stabilized with a 100% occupancy rate. Each occupant enjoys the luxury of their own individual sleeping quarters equipped with a TV, promoting privacy and comfort. Common areas include well-appointed kitchen and laundry spaces, fostering a sense of community among tenants. TWO other buildings adjacent are also available for purchase-each also with a 11% cap rate. Recently renovated to the highest standards, this property exudes modern elegance and functionality. Highlights of the renovation include premium vinyl flooring, sleek stainless steel appliances, luxurious quartz countertops, glass shower enclosures, and the convenience of in-unit washer/dryer setups. Furthermore, the units come fully furnished, complete with TVs, ensuring an attractive offering for tenants seeking convenience and style. This investment opportunity is tailored for passive income seekers, with streamlined management processes in place for your peace of mind. An online booking platform facilitates tenant reservations, while an experienced management company handles all on-the-ground operations, from maintenance requests to tenant inquiries. With a robust Cap Rate of 11%, this investment is not only lucrative but also inclusive of all associated fees. From Padsplit marketing and portal expenses to on-the-ground management services, utilities (including WiFi), taxes, and insurance – everything is comprehensively covered. Don't miss out on this turnkey investment opportunity offering both exceptional returns and hassle-free management. Take advantage of the potential for long-term financial growth and schedule your viewing today!
Price History | |
---|---|
5/6/2024 | Listed $650,000 |
General Features
Interior Features | Ninguno |
---|---|
Sewer | Public Sewer |
Heating | Heat Pump |
Cooling | Mini-Split Unit(s) |
Utilities | Cable Available,Cable Connected,Electricity Available,Electricity Connected |
Roof | Shingle |
Appliances | Dryer,Range,Refrigerator,Washer |
Exterior Features | Other |
Construction Materials | Block |
Year Built | 1936 |
Levels | One |
Property SubType | Single Family Residence |
Tax Year | 2023 |
Percent Ownership | Fee Simple |
County | Pinellas |
New Construction | No |
Property Type | Residential |
HOA / Comm Assn | No |
Subdivision Name | LAKESIDE SUB |
Facing Direction | Southeast |
Garage Y/N | No |
Total Rooms | 3 |
Status | Active |
Directions | Take the exit toward St Petersburg onto I-275 S (SR-93). Go for 13.3 mi. Then 13.3 miles Take exit 26 toward 54th Ave N/Kenneth City/US-19/Lealman onto 54th Ave N. Go for 0.5 mi. Then 0.5 miles Turn |
ModificationTimestamp | 2024-06-13T16:16:34.533Z |
City | SAINT PETERSBURG |
Buyer Agent Compensation | 2%-$395 |
View Y/N | No |
Senior Community Y/N | No |
MLS Area | 33714 - St Pete |
Lot Size Units | Square Feet |
Lot Size Square Feet | 16560 |
Waterfront Y/N | No |
Carport Spaces | 2 |
Carport Y/N | Yes |
Land Lease Y/N | No |
Tax Annual Amount | 4876 |
Additional Parcels Y/N | No |
Lease Considered Y/N | No |
Virtual Tour | https://my.matterport.com/show/?m=iqjKBvo7d8y&brand=0&mls=1& |
Days on Market | 38 |
Building Area Units | Square Feet |
Living Area Units | Square Feet |
Standard Status | Active |
Occupancy Type | Tenant |
Tax Lot | 0060 |
Legal Description | LAKESIDE SUB BLK 1,LOTS 6,20 AND 21 & N 1/2 OF LOTS 5 AND 22 |
Water Access Y/N | No |
Water View Y/N | No |
Flood Zone Code | A,X |
Interior Features
Flooring | Tile,Vinyl |
---|---|
Air Conditioning Y/N | Yes |
Heating Y/N | Yes |
Fireplace Y/N | No |
Full Baths | 3 |
Laundry Features | Other |
Total Bedrooms | 9 |
LivingAreaSource | Estimated |
Total Baths | 3 |
Exterior Features
Fencing | Fenced |
---|---|
Water Source | Public |
Lot Size Area | 16560 |
Foundation Details | Slab |
Building Area Total | 2766 |
Lot Size Acres | 0.38 |
Road Surface Type | Paved |
Covered Spaces | 2 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool