Address4658 24Th Street N, SAINT PETERSBURG, FL, 33714
Price$650,000
- Income
- 2,310 SQ FT
- Built in 1936
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!
Essential Information
- MLS® #T3522728
- Price$650,000
- Bathrooms0.00
- Square Footage2,310
- Acres0.38
- Price/SqFt$281 USD
- Year Built1936
- TypeIncome
- Sub-TypeMulti-Family
- StatusActive
Community Information
- Address4658 24Th Street N
- AreaSt Pete
- SubdivisionLAKESIDE SUB
- CitySAINT PETERSBURG
- CountyPinellas
- StateFL
- Zip Code33714
Interior
- Interior FeaturesNinguno
- HeatingHeat Pump
- CoolingMini-Split Unit(s)
Exterior
- Exterior FeaturesFence
- RoofShingle
- FoundationSlab
Additional Information
- Date ListedApril 29th, 2024
- Days on Market17
Listing Details
- OfficeHOMAN REALTY GROUP INC
Appliances
Dryer, Range, Refrigerator, Washer
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than NV Realty Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
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