Saint Petersburg, FL 33714,4625 XENIA ST N
Saint Petersburg, FL 33714,4625 XENIA ST N
Saint Petersburg, FL 33714,4625 XENIA ST N
Saint Petersburg, FL 33714,4625 XENIA ST N
Saint Petersburg, FL 33714,4625 XENIA ST N
Saint Petersburg, FL 33714,4625 XENIA ST N
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$612,000

$650,000

5.8%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

9 Beds

5 Baths

2,158 SqFt


SOLD DATE : 08/30/2024

Key Details

Sold Price $612,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 2,158 sqft

Price per Sqft $283

Subdivision Lakeside Sub

MLS Listing ID T3523162

Bedrooms 9

Full Baths 5

Year Built 1953

Annual Tax Amount $4,284

Lot Size 6,098 Sqft

Property Description

**INVESTMENT OPPORTUNITY** Average income - $215/week , NET - $65,000 - $70,000 annually. 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

Interior

Heating Central

Cooling Central Air

Flooring Ceramic Tile, Vinyl

Laundry Inside

Exterior

Exterior Feature Other

Fence Fenced

Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected

Roof Type Shingle

Building

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Wood Frame

New Construction false

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by HOMAN REALTY GROUP INC
Bought with EXP REALTY LLC

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