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4658 24th Street N, SAINT PETERSBURG, FL 33714
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  • MLS#: T3524505 ( Residential )
  • Street Address: 4658 24th Street N
  • Viewed: 19
  • Price: $650,000
  • Price sqft: $235
  • Waterfront: No
  • Year Built: 1936
  • Bldg sqft: 2766
  • Bedrooms: 9
  • Total Baths: 3
  • Full Baths: 3
  • Garage / Parking Spaces: 2
  • Days On Market: 163
  • Additional Information
  • Geolocation: 27.8146 / -82.6656
  • County: PINELLAS
  • City: SAINT PETERSBURG
  • Zipcode: 33714
  • Subdivision: Lakeside Sub
  • Provided by: HOMAN REALTY GROUP INC
  • Contact: Thomas "TJ" Homan, Jr
  • 352-600-6150
  • DMCA Notice
  • 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!
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  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Other
  • Fencing: Fenced
  • Flooring: Tile, Vinyl
  • Living Area: 2310.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 2.00
  • Cooling: Mini-Split Unit(s)
  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2023
Other Features
  • Appliances: Dryer, Range, Refrigerator, Washer
  • Country: US
  • Interior Features: Ninguno
  • Legal Description: LAKESIDE SUB BLK 1, LOTS 6, 20 AND 21 & N 1/2 OF LOTS 5 AND 22
  • Levels: One
  • Area Major: 33714 - St Pete
  • Occupant Type: Tenant
  • Parcel Number: 02-31-16-48636-001-0060
  • Views: 19
  1. Tropic Shores Realty
  2. A Winning Team
  3. 352.684.7371
  4. tropicshoresrealty@gmail.com