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4625 Xenia Street N

Saint Petersburg, FL 33714
  • $650,000
  • STATUS: Active
  • ON SITE: 42 Days
  • MLS #: T3523162
UPDATED: 109 min ago
$650,000
  • 9
    BEDS
  • 0.14
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 2,158
    SQFT
  • $301
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1953
County:
Area:

School Ratings & Info

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!

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© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-06-17T22:48:51.523.
www.youngrealestate.com/homes/150252278
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4625 Xenia Street N Saint Petersburg, FL 33714

  • Price: $650,000
  • Status: Active
  • On Site: 42 Days
  • Updated: 109 min ago
  • MLS #: T3523162
9
Beds
5
Baths
0
½ Baths
0.14
Acres
2,158
SQFT
$301
$/SQFT
1953
Built
Neighborhood:
Lakeside Sub
County:
Pinellas
Area:
St Pete
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!
Exterior Features

Attached Garage Yn No Carport Spaces 2 Carport Yn No Construction Materials Wood Frame Covered Spaces 2 Direction Faces North Exterior Features Other Fencing Fenced Foundation Details Slab Pool Private Yn No Road Surface Type Paved Roof Shingle Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Appliances DryerMicrowaveRangeRefrigeratorWasher Building Area Total 3666 Cooling Central Air Cooling YN Yes Fireplace Yn No Flooring Ceramic TileVinyl Heating Central Heating YN Yes Interior Features Eating Space In Kitchen Laundry Features Inside Levels One Sewer Public Sewer Water Source Public

Property Features

Association Approval Required Yn No Association Yn No Cdd Yn No Down Payment Resource Yes Flood Zone Code A Garage Yn No Homestead Yn No Lease Considered YN Yes Lease Restrictions YN No Listing Terms CashConventional Minimum Lease No Minimum Month To Month Or Weekly Yn No New Construction Yn No Ownership Fee Simple Property Sub Type Single Family Residence Senior Community Yn No Special Listing Conditions None Tax Annual Amount 4284 Total Annual Fees 0 Total Monthly Fees 0 Utilities Cable AvailableCable ConnectedElectricity AvailableElectricity Connected


Listing information © 2024 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of HOMAN REALTY GROUP INC: 352-600-6150.



© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-06-17T22:48:51.523.
 
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