$650,000 for Sale
4658 24th street, saint petersburg, FL 33714
| Beds 0 | Baths 0 | 2,310 Sqft | 0.38 Acres |
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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!
General Information
Sale Price: $650,000
Price/SqFt: $281
Status: Active
MLS#: T3522728
City: saint petersburg
Post Office: saint petersburg
County: Pinellas
Subdivision: lakeside sub
Acres: 0.38
Bedrooms:0
Bathrooms:0
House Size: 2,310 sq.ft.
Acreage: 0.38 est.
Year Built: 1936
Property Type: Multi Family
Style:
Features & Room Sizes
Paved Road: Asphalt
Garage: No
Construction: Block
Exterior Misc: Fenced
Basement: No
Foundation : Slab
Appliances: Dryer, Range, Refrigerator, Washer
Cooling: Mini-Split Unit(s)
Heating: Heat Pump
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $4,877
Legal Description: LAKESIDE SUB BLK 1, LOTS 6,20 AND 21 & N 1/2 OF LOTS 5 AND 22
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2024
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Thomas "TJ" Homan, Jr of HOMAN REALTY GROUP INC, Phone: 352-600-6150
