4658 24th Street N Saint Petersburg, FL 33714
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!
- Property TypeSingle Family Home
- NeighborhoodLakeside Sub
- CountyPinellas
- Taxes$4,876
- HOA/Condo/Coop Fees$0
- Days on Site31 Days
- MLS StatusActive
- MLS ID NumberT3524505
- Home Size Source Estimated
- Year Built1936
- Lot Size0.38 Acres
- Full Baths3
- Partial BathsN/A
Sell your house quickly!
Get multiple potential cash offers for your home. Fast and hassle-free!
Learn MoreRecent Activity For 4658 24th Street N Saint Petersburg, FL 33714
2 weeks ago | |
a month ago |
Don't miss a thing!
Get updates on new activity for this listing
General Features
- Construction Block
- Sewer Public Sewer
- Number of Stories 1
- Acreage 0.38
- Water Public
- Property Sub Type Single Family Residence
- Utilities Cable AvailableCable ConnectedElectricity AvailableElectricity Connected
- Foundation Slab
- Direction Faces Southeast
- Ownership Fee Simple
- Parcel Number 02-31-16-48636-001-0060
Interior Features
- Cooling Mini- Split Unit(s)
- Heating Heat Pump
- Appliances DryerRangeRefrigeratorWasher
- Flooring TileVinyl
- Interior Ninguno
- Laundry Features Other
- Fireplace No
Exterior Features
- Roof Shingle
- Fencing Fenced
- Waterfront Property No
- Exterior Other
Community Features
- Township 31
- Senior Community No
- MLS Area 33714 - St Pete