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. *This listing offers a one-point-lender-paid rate buydown for qualifying buyers. Pictures are from after renovations, but before current tenants moved in, buyers to verify all information.
| MLS # | TB8535635 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1925 |
| Days On Site | 83 |
| Listing Provided By | DALTON WADE INC | Andrew Vieira |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 1,345 |
| Story(s) | 2 |
| Acreage | 0.17 |
| Property View | City, Garden |
| Property | 2909 |
|---|
| State | FL |
|---|---|
| County | Pinellas |
| City | ST PETERSBURG |
| Zip Code | 33711 |
| Area | 33711 St Pete | Gulfport |
| Community Name | CHURCHILL GROVE |
| Listing VS Median (in CHURCHILL GROVE) | |
Price: $375,000 low | high Med: $375,000 sqft: 1,345 low | high Med: 1,345 $ / sqft: $279 low | high Med: $279 On site: 83 low | high Med: 83 | |
| State | FL |
|---|---|
| County | Pinellas |
| City | ST PETERSBURG |
| Zip Code | 33711 |
| Area | 33711 St Pete | Gulfport |
| Community Name | CHURCHILL GROVE |
| Listing VS Median (in CHURCHILL GROVE) | |
Price: $375,000 low | high Med: $375,000 sqft: 1,345 low | high Med: 1,345 $ / sqft: $279 low | high Med: $279 On site: 83 low | high Med: 83 | |