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!
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!
Property Details
Price:
$650,000
MLS #:
T3522135
Status:
Active
Beds:
0
Baths:
0
Address:
4625 XENIA STREET N
Type:
Multi Family
Subdivision:
LAKESIDE SUB
City:
SAINT PETERSBURG
Listed Date:
Apr 26, 2024
State:
FL
Finished Sq Ft:
2,158
ZIP:
33714
Lot Size:
6,212 sqft / 0.14 acres (approx)
Year Built:
1953
Units:
9
Schools
Interior
Appliances
Dryer, Microwave, Range, Washer
Cooling
Central Air
Flooring
Ceramic Tile, Luxury Vinyl
Heating
Central
Laundry Features
Common Area
Exterior
Construction Materials
Wood Frame
Exterior Features
Fenced
Roof
Shingle
Financial
Buyer Agent Compensation
2%-$395%
Tax Year
2023
Taxes
$4,284
Map
Community
- Address4625 XENIA STREET N SAINT PETERSBURG FL
- CitySAINT PETERSBURG
- CountyPinellas
- Zip Code33714
Similar Listings Nearby
- 2501 6TH STREET S
ST PETERSBURG, FL$845,000
4.99 miles away
- 2862 2ND AVENUE S
SAINT PETERSBURG, FL$839,000
3.16 miles away
- 721 32ND AVENUE N
ST PETERSBURG, FL$775,000
1.62 miles away
- 3023 25TH STREET N
ST PETERSBURG, FL$769,000
1.01 miles away
- 4631 40TH STREET N
ST PETERSBURG, FL$760,000
1.33 miles away
- 1820 3RD STREET S
ST PETERSBURG, FL$710,000
4.64 miles away
Courtesy of HOMAN REALTY GROUP INC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved.
4625 XENIA STREET N
SAINT PETERSBURG, FL
LIGHTBOX-IMAGES