Active

$375,000

Features:
  • 4 Bedrooms
  • 1 Bathrooms
  • 1345 sq ft
Overview
  • ID: MFRTB8535635
  • Bedrooms: 4
  • Bathrooms: 1
  • Size: 1345 sq ft
Property Details
Remarks
Incredible opportunity to acquire a fully renovated, turnkey investment property in a highly desirable St. Petersburg submarket. While available individually, this property is preferred as part of a two-property portfolio package alongside its sister property at 1121 10th Ave S (See MLS #TB8535618). This 4-bedroom, 1-bathroom home offers immediate, risk-mitigated cash flow on day one. The property is fully occupied by a stable tenant at $3,150/month (leased through 2/28/2027), providing secure, government-backed rental income. The asset has undergone an extensive luxury overhaul, featuring a custom attic conversion that creates a spacious 4th bedroom. Major capital expenditures have already been completed, including a 3-ton HVAC system, roof repairs, removal of an unsafe garage structure, and a brand-new paver patio. The high-end interior boasts new marble-look tile flooring throughout, a beautifully upgraded kitchen with Calacatta granite countertops, a waterfall edge breakfast bar, decorative LED pendant lighting, separate dining room, and stainless steel appliances with french door refrigerator, dishwasher and in-unit washer/dryer. With no HOA and the tenant handling all utilities and lawn care, this is a premium, hands-off investment. Package Sister Property Details (1121 10th Ave S): Features a 3-bed / 1.5-bath layout, a $2,715/month lease through 3/31/2027, and premium updates located in Flood Zone X. Combined, the full portfolio delivers a total NOI of $41,930 at a 6.08% blended cap rate. Pictures are from after renovations, but before current tenants moved in, buyers to verify all information.
Financial Considerations
Price:
$375,000
HOA Fee:
N/A
Tax Amount:
$2909.38
Price per SqFt:
$278.81
Tax Legal Description:
CHURCHILL GROVE LOT 21
Exterior Features
Lot Size:
7501
Lot Features:
Landscaped, Sidewalk, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Ground Level, Off Street
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
4
Bathrooms:
1
Heating:
Electric
Cooling:
Central Air
Appliances:
Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Furnished:
Yes
Floor:
Ceramic Tile
Levels:
Two
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1925
Construction Type:
Vinyl Siding, Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
South
Pets Allowed:
No
Special Condition:
None
Additional Features:
Lighting, Private Entrance, Private Mailbox, Private Yard, Rain Gutters, Sidewalk
Additional Features 2:
Property is currently leased with long-term tenant.
Map
  • Address
    2525 37TH ST S
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