What is the Asking Price?

The current asking price for this property is $650,000. Please contact me here for further details about this property.

What are the Property's Features?

This home features : 9 beds, 3 baths, 2,310 sqft, 0.38 acres lot, built in 1936, 91 pictures.

Where is the property located?

Property is located at 4658 24TH ST N, SAINT PETERSBURG, FL, US. You can view this listing on our map here .

St. Petersburg home for sale - 4658 24th St N,FL 33714

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4658 24TH ST N, SAINT PETERSBURG, 33714

$650,000
9 Beds, 3 Baths , 2,310 Sq.Ft
County: Pinellas
Subdivision: LAKESIDE SUB

Property highlights

MLS#: T3524505
16,560.00 lot size Sq.Ft.
Year built: 1936
Carport spaces: 2

Listed: 05/06/2024
Taxes: $4,876.00
Virtual Tour

Property Overview

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!

Driving 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 left onto Haines Rd N (SR-689). Go for 0.3 mi. Then 0.3 miles Turn right onto 24th St N. Go for 0.3 mi. Then 0.3 miles Turn right onto 46th Ave N. Go for 223 ft. Then 0.04 miles Turn right onto Xenia St N. Go for 203 ft. Then 0.04 miles 4625 Xenia St N St Petersburg, FL 33714-3210

Property Features

Rooms	Dimension	Description
Primary Bedroom		First level
Kitchen		First level
Living Room		First level

Interior Features

Ninguno

Appliances

Dryer
Range
Refrigerator
Washer

Heating

Heat Pump

Laundry features

Other

Air Conditioning

Mini-Split Unit(s)

Floor Covering

Tile
Vinyl

Utilities

Cable Available
Cable Connected
Electricity Available
Electricity Connected

Exterior features

Other

Construction Materials

Block

Road Surface Type

Paved

Roof

Shingle

Foundation

Slab

Listing information courtesy of HOMAN REALTY GROUP INC

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Listing data comes from My Florida Regional MLS.