Address
4625 Xenia STREET N, SAINT PETERSBURG, FL
Price
$ 650,000
Property Attributes
- MLS#T3522135
- TypeIncome
- CountyPINELLAS
- CitySAINT PETERSBURG
- AreaSt Pete
- NeighborhoodLakeside Sub
- Zip33714
- StyleMulti Family
- Year Built1953
- Taxes$ 4284
- Price$ 650,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2158
- Lot Size6,098 SqFt
Data Source:
Stellar MLS
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!
| Price History | |
|---|---|
| 4/26/2024 | Listed $650,000 |
General Features
| Interior Features | Eating Space In Kitchen |
|---|---|
| Sewer | Public Sewer |
| Heating | Central |
| Cooling | Central Air |
| Utilities | Cable Connected,Electricity Connected,Sewer Connected |
| Roof | Shingle |
| Appliances | Dryer,Microwave,Range,Washer |
| Exterior Features | Fenced |
| Zoning | R-3 |
| Construction Materials | Wood Frame |
| Year Built | 1953 |
| Levels | One |
| Property SubType | Multi Family |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| County | Pinellas |
| New Construction | No |
| Property Type | Residential Income |
| HOA / Comm Assn | No |
| Subdivision Name | LAKESIDE SUB |
| Garage Y/N | No |
| Status | Active |
| Directions | 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 mi |
| City | SAINT PETERSBURG |
| Buyer Agent Compensation | 2% |
| Senior Community Y/N | No |
| Total Units | 9 |
| MLS Area | 33714 - St Pete |
| Lot Size Square Feet | 6212 |
| Private Pool | No |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | Xenia |
| Listing Terms | Cash,Trade |
| Tax Annual Amount | 4284 |
| Public Remarks | 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. Comprisin |
| Virtual Tour | https://my.matterport.com/show/?m=bQcRqNLiVVP&brand=0&mls=1& |
| Days on Market | 10 |
| Standard Status | Active |
| Tax Lot | 23 |
| Virtual Tour | https://my.matterport.com/show/?m=bQcRqNLiVVP&brand=0&mls=1& |
| Legal Description | LAKESIDE SUB BLK 1,LOT 23 & S 1/2 OF LOT 22 |
| Additional Rooms | Inside Utility |
Interior Features
| Flooring | Ceramic Tile,Luxury Vinyl |
|---|---|
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | STREET |
| Laundry Features | Common Area |
| LivingAreaSource | Public Records |
| Living Area Units | Square Feet |
Exterior Features
| Water Source | Public |
|---|---|
| Lot Size Area | 6212 |
| Foundation Details | Slab |
| Number of Buildings | 2 |
| Building Area Total | 3666 |
| Lot Size Acres | 0.14 |
| Road Surface Type | Asphalt |
| Lot Size Units | Square Feet |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 33714
Price
Taxes
Visits
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 10, 2024 10:11 PM UTC
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© 2024 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
