1121 10th Avenue S, St Petersburg, FL 33705

$315,000
3
BD
2
BA
1,020
SqFt

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List Price
$315,000
Status
Active
Days on Market
0
MLS#
TB8535618
Property Style
Single Family
Architectural Style
Bungalow, Florida
Year Built
1925
Bedrooms
3
Bathrooms
2
Baths Half
1
Living Area
1,020
Lot Size
4,343
Acres
0.10
Total Acreage
0 to less than 1/4
Legal Subdivision Name
Serviss Sub
MLS Area Major
St Pete

Property Description

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 2525 37th St S (See MLS# TB8535635). This 3-bedroom, 1.5-bathroom home offers immediate, risk-mitigated cash flow on day one. The property is fully occupied by a stable tenant at a premium rate of $2,715/month (leased through 3/31/2027), providing secure, government-backed rental income. The asset has undergone extensive, high-end renovations, resulting in nearly zero deferred maintenance for the next owner. The home has passed multiple rigorous housing inspections. Upgrades include a new 2.5-ton HVAC system, roof repairs, whole-house fumigation with warranty, and a new concrete driveway and patio. The interior features a stunning full kitchen buildout with custom cabinetry, Quartz countertops, new stainless steel appliances including dishwasher and washer/dryer, recessed LED lighting, chandelier, and premium remote-controlled fans. A beautifully upgraded bathroom includes luxury fixtures, LED vanity, and custom shower with premium tile to the ceiling. Located in Flood Zone X (no flood insurance typically required) with zero HOA fees and a tenant who is responsible for all utilities and lawn care.   Package Sister Property Details (2525 37th St S): Features a 4-bed / 1-bath layout, a $3,150/month lease through 2/28/2027, custom attic conversion, and high-end finishes. Combined, the full portfolio delivers a total NOI of $41,930 at a 6.08% blended cap rate. This is a true hassle-free, stabilized addition to any portfolio.   Pictures are from after renovations, but before current tenants moved in, buyers to verify all information.

Additional Information

Taxes
$4175
Minimum Lease
1-2 Years
Location
Landscaped, Sidewalk, Paved
Community Features
Street Lights, No Deed Restriction
Property Description
One Story
Zoning
NT-1
Interior Layout
Ceiling Fans(s), Primary Bedroom Main Floor, Solid Surface Counters, Thermostat, Window Treatments
Interior Features
Ceiling Fans(s), Primary Bedroom Main Floor, Solid Surface Counters, Thermostat, Window Treatments
Floor
Ceramic Tile, Luxury Vinyl
Appliances
Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer
Utilities
Electricity Connected, Sewer Connected, Water Connected
Heating
Electric
Air Conditioning
Central Air
Exterior Construction
Vinyl Siding, Frame
Exterior Features
Lighting, Private Entrance, Private Mailbox, Rain Gutters, Sidewalk
Roof
Shingle
Foundation
Other, Slab
Pool
No Pool
Garage Features
Driveway, Off Street
Pets
Allowed
Flood Zone Code
X
Parcel ID
25-31-16-80208-000-0030
Legal Description
SERVISS SUB LOT C

Listing courtesy of KELLER WILLIAMS REALTY PORTFOLIO COLLECTION. 727-489-0800

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