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!

Features
: Heat Pump
: Fenced
: Shingle
: Dryer, Range, Refrigerator, Washer
: Other
Slab
: Ninguno
: Cable connected, Cable available, Electricity connected, Electricity available
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Address Map
24TH
4658
STREET
0
W83° 20' 3.7''
N27° 48' 52.7''
MLS Information
HOMAN REALTY GROUP INC
0
: None
N
$4,876
2023
06/05/2024 19:33:08

Residential

4658 24TH STREET, SAINT PETERSBURG, Florida 33714

9 Bedrooms
3 Baths Full
2,766 Sqft
$650,000
Listing ID #MFRT3524505
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : MFRT3524505
Price : $650,000
Bedrooms : 9
Rooms : 0
Baths Full : 3
Square Footage : 2,766 Sqft
Year Built : 1936
Lot Area : 0.38 Sqft
Country : USA
State : Florida
City : SAINT PETERSBURG
Zipcode : 33714
Lot Size Sq Ft : 0 Sqft
Status : Active
Subdivision : LAKESIDE SUB
Active : Yes
Agent Info
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