• 4625 Xenia Street SAINT PETERSBURG, FL 33714

  • $650,000
  • 9
    Bed(s)
  • 5
    Baths
  • 2,158
    Sq Ft
  • 0.14
    Acre
  • Listed By: HOMAN REALTY GROUP INC
  • Source: MFRMLS (My Florida Regional MLS DBA Stellar MLS)

**INVESTMENT OPPORTUNITY** Average income - $215/week , NET - $65,000 - $70,000 annually. 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!

Property Type :

Residential

Subdivision :

Lakeside Sub

County :

Pinellas

Style :

Residential

Property Details

 

Bedroom Information

Total Bedroom: 9

Bathroom Information

Total Baths: 5

Full Baths: 5

Interior Features

Eat-in Kitchen

Roof : Shingle

Appliances : Dryer, Microwave, Range, Refrigerator, Washer

Laundry Features: Inside

Roofing Information

Shingle

Flooring Information

Flooring : Ceramic Tile, Vinyl

Construction Materials : Wood Frame

Heating & Cooling

Heating: Central

Cooling: Central Air

WaterSource: Public

Building Information

Year Built: 1953

Exterior Features

Other

Construction Materials: Wood Frame

Foundation Details: Slab

Lot Information

Lot Square Feet: 6212

Lot Acres: 0.14

Lot Size (SqMt): 577

Property Information

Property Type: Residential

Sub Type: Single Family Residence

Listing Price Information

Original List Price: $650000

Tax Information

Tax Block: 001

Tax Book Number: 9/135

Tax Lot: 0230

Tax Legal Description: LAKESIDE SUB BLK 1, LOT 23 & S 1/2 OF LOT 22

Annual Tax: $4284

Tax Year: 2023

Parcel Number: 02-31-16-48636-001-0230

Utility Information

Cable Available, Cable Connected, Electricity Available, Electricity Connected

Sewer: Public Sewer

Water Source: Public

Location Information

Subdivision: LAKESIDE SUB

City: SAINT PETERSBURG

Direction: 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

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3980 55th Avenue, Saint Petersburg, FL,33714 $387,500 3 2 1,092 0.14 Acre
2734 53rd Avenue, Saint Petersburg, FL,33714 $360,000 3 2 1,160 0.13 Acre
4709 20th Street, Saint Petersburg, FL,33714 $736,815 3 3 2,092 0.18 Acre
5945 21st Street #11, Saint Petersburg, FL,33714 $98,000 1 1 585 --
5915 18th Street #11, Saint Petersburg, FL,33714 $99,000 1 1 585 2.01 Acres
2050 58th Avenue #26, Saint Petersburg, FL,33714 $124,900 2 1 815 2.26 Acres
28th Street, Saint Petersburg, FL,33714 $1,330,000 -- -- 31,067 0.71 Acre
1900 59th Avenue #305, Saint Petersburg, FL,33714 $129,500 2 1 910 1.74 Acres
3800 21st Street, Saint Petersburg, FL,33714 $300,000 3 1 861 0.12 Acre
5915 18th Street #19, Saint Petersburg, FL,33714 $95,000 1 1 585 --

Disclaimer: The information being provided courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID and is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of theMFRMLS (My Florida Regional MLS DBA Stellar MLS). ByOwner.com is not a Multiple Listing Service (MLS), nor does it offer MLS access. ByOwner.com is a broker participant of MFRMLS (My Florida Regional MLS DBA Stellar MLS). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

Based on information submitted to the MLS GRID as of 05/18/2024 @ 18:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Properties displayed may be listed or sold by various participants in the MLS.

Consumer use of IDX Listings Disclaimer: Based on information submitted to the MLS GRID as of 05/18/2024 @ 18:20. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.


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ByOwner last updated this listing 05/18/2024 @ 18:20

MLS: MFRMLS #T3523162
LISTED BY: Thomas "TJ" Homan, Jr, HOMAN REALTY GROUP INC
SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS)
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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