Thank you
Thomas "tj" Homan, Jr
HOMAN REALTY GROUP INC
352-600-6150
**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!
Total Bedroom: 9
Total Baths: 5
Full Baths: 5
Eat-in Kitchen
Roof : Shingle
Appliances : Dryer, Microwave, Range, Refrigerator, Washer
Laundry Features: Inside
Shingle
Flooring : Ceramic Tile, Vinyl
Construction Materials : Wood Frame
Heating: Central
Cooling: Central Air
WaterSource: Public
Year Built: 1953
Other
Construction Materials: Wood Frame
Foundation Details: Slab
Lot Square Feet: 6212
Lot Acres: 0.14
Lot Size (SqMt): 577
Property Type: Residential
Sub Type: Single Family Residence
Original List Price: $650000
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
Cable Available, Cable Connected, Electricity Available, Electricity Connected
Sewer: Public Sewer
Water Source: Public
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
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 | -- |
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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.
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.