Description
Cash-flowing investment property now available in a prime St. Petersburg location. This 3 bedroom, 1 bathroom concrete block home is less than one mile from the interstate, providing quick access to Downtown St. Pete, Tampa Bay, and Sarasota. Offering approximately 1,096 square feet of living space, the home features attractive stone accents inside and out, a fireplace, a split floor plan, and ample room to update and add value. The lot design includes an extended driveway and front entrance, creating reduced yard maintenance and additional parking. Auburn Street Community Park is just a short distance away, offering a basketball court, pavilion, and playground areas for outdoor enjoyment. The property is currently tenant occupied and producing steady income, with the tenant paying $2,000 per month on a month-to-month lease, generating approximately $24,000 annually. Located in a high-demand rental market, this home presents a compelling opportunity for investors seeking immediate cash flow, value-add potential, portfolio expansion, 1031 exchange opportunities, or out-of-state buyers looking to secure Florida real estate.
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3BEDS
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0.09ACRES
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1BATHS
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01/2 BATHS
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1,096SQFT
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$199$/SQFT
School Information
Description
Cash-flowing investment property now available in a prime St. Petersburg location. This 3 bedroom, 1 bathroom concrete block home is less than one mile from the interstate, providing quick access to Downtown St. Pete, Tampa Bay, and Sarasota. Offering approximately 1,096 square feet of living space, the home features attractive stone accents inside and out, a fireplace, a split floor plan, and ample room to update and add value. The lot design includes an extended driveway and front entrance, creating reduced yard maintenance and additional parking. Auburn Street Community Park is just a short distance away, offering a basketball court, pavilion, and playground areas for outdoor enjoyment. The property is currently tenant occupied and producing steady income, with the tenant paying $2,000 per month on a month-to-month lease, generating approximately $24,000 annually. Located in a high-demand rental market, this home presents a compelling opportunity for investors seeking immediate cash flow, value-add potential, portfolio expansion, 1031 exchange opportunities, or out-of-state buyers looking to secure Florida real estate.
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