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33421327
33421326

15th Avenue South, St. Petersburg, FL 33712

KA
SL3509559
Coldwell Banker Residential Real Estate Hollywood
Listed by Coldwell Banker Residential Real Estate Hollywood
$455,000
1 day on market
Updated 1 day ago

Income Generating Property Unique Passive Income Home

Details
Property Type Special Purpose
Sub Type Room rental, Single family rental (+1)
Square Footage 1,527
Units 4
Occupancy 85%
Lease Type Net
Pro-Forma Cap Rate 9.46%
Pro-Forma NOI $43,030
Price per SqFt $298
Buildings 1
Stories 1
Acreage 5981.000
Zoning Single Family
Parking Spaces spaces
Lease Commencement 04/18/2025
Ground Lease No
Sale Condition For sale by owner

Professionally Managed Passive Income

Marketing description

Pro-Forma

Investment highlights

This fully updated 8-bedroom income-producing property presents a rare opportunity to acquire a high-performing asset in one of Florida's fastest-growing markets. Designed to meet the strong demand for affordable workforce housing, the property offers multiple income streams, reduced vacancy risk through diversified tenancy, and immediate cash flow potential. The property is professionally managed, fully furnished, providing streamlined operations and a turnkey investment experience for both seasoned and passive investors. Recent updates help minimize maintenance expenses and capital expenditures, while the growing St. Petersburg market continues to benefit from population growth, job creation, and ongoing redevelopment. This is an excellent opportunity to acquire a stabilized, cash-flowing asset with strong demand and long-term upside potential.

Listing Contacts

KA
SL3509559
Coldwell Banker Residential Real Estate Hollywood
Listed by Coldwell Banker Residential Real Estate Hollywood

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