$650,000 • nine bedroom(s) • three full bathroom(s) • living size area 2310 sqft
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!4658 24TH N, SAINT PETERSBURG, FL 33714
Single Family House 9 bedrooms - LAKESIDE SUB for Sale
4658 24TH N, SAINT PETERSBURG, FL 33714Asking Price$650,000
- 9bdr
- 3bth
- Living 2310sqft
- Lot size 16560sqft
- Taxes: Register to see
- Year Built 1936
-
Days on market:
91 day(s) Original Price:
$650,000-
Price per sqft:
$281.39 Tax Legal Description:
LAKESIDE SUB BLK 1, LOTS 6,20 AND 21 & N 1/2 OF LOTS 5 AND 22Tax Year:
2023-
MLS:
T3524505 -
Property Type:
Single Family -
Carport Spaces:
2
Construction Type:
BlockRoof:
ShingleCooling Description:
Mini-Split Unit(s)Heating Description:
Heat PumpFloor Description:
TileVinylInterior Features:
NingunoExterior Features:
OtherEquipment/Appliances:
RefrigeratorDryerWasher RangeSpecial Listing Conditions:
None
Description
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