REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Miki Matrullo

team@homematchmakingrealty.com +1(941) 626-5234

$ 650,000

Est. payment -/mo

Save Virtual Tour

Active

4658 24TH ST N Saint Petersburg, FL 33714

2,310 SqFt

UPDATED:

09/04/2024 09:09 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,310 sqft

Price per Sqft $281

Subdivision Lakeside Sub

MLS Listing ID T3522728

HOA Y/N No

Originating Board Stellar MLS

Year Built 1936

Annual Tax Amount $4,877

Lot Size 0.380 Acres

Acres 0.38

Property 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!

Location

State FL

County Pinellas

Community Lakeside Sub

Direction N

Interior

Interior Features Ninguno

Heating Heat Pump

Cooling Mini-Split Unit(s)

Fireplace false

Appliance Dryer, Range, Refrigerator, Washer

Laundry Common Area, Inside

Exterior

Exterior Feature Fence

Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Waterfront false

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

Listed by HOMAN REALTY GROUP INC

Miki Matrullo

Broker | License ID: BK3333103

+1(941) 626-5234

Miki Matrullo

4658 24TH ST N Saint Petersburg, FL 33714

Key Details

Location

Interior

Exterior

Building

Others

GET MORE INFORMATION

Go tour this home

4658 24TH ST N