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4625 Xenia Street N,  Saint Petersburg FL, 33714

(Active)
$650,000
|
2,158 sqft
|
MLS# T3522135
Last Updated: 5/7/2024 4:15 AM
Description for 4625 Xenia Street N Saint Petersburg, FL 33714
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!
Price
$650,000
LAKESIDE SUB
Pinellas
2,158 (approx)
T3522135
Active
Description
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!
Listing Information
Property Type: Multi-Family, 1 Story
0.14 Acres 2,158 (approx) 1953
1
31//
LAKESIDE SUB
Slab
Public
Public Sewer
Cable Available, Cable Connected, Electricity Connected, Sewer Connected
Neighborhood
Room Information
Common Area
Eat-in Kitchen
Interior Features
Dryer, Microwave, Range, Washer
Ceramic Tile
Central Air
Other, Central
Eat-in Kitchen
Exterior / Lot Features
Shingle
R-3
Driving Directions
Take the exit toward St Petersburg onto I-275 S (SR-93). Go for 13.3 mi. Then 13.3 miles Take exit 26 toward 54th Ave N/Kenneth City/US-19/Lealman onto 54th Ave N. Go for 0.5 mi. Then 0.5 miles Turn left onto Haines Rd N (SR-689). Go for 0.3 mi. Then 0.3 miles Turn right onto 24th St N. Go for 0.3 mi. Then 0.3 miles Turn right onto 46th Ave N. Go for 223 ft. Then 0.04 miles Turn right onto Xenia St N. Go for 203 ft. Then 0.04 miles 4625 Xenia St N St Petersburg, FL 33714-3210
Financial Considerations
02-31-16-48636-001-0230
$4,284
Cash, Trade
Listing Price History

Saint Petersburg Real Estate

Saint Petersburg is located in Florida.

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Courtesy: HOMAN REALTY GROUP INC


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 consumer 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. Copyright 2017, My Florida Regional MLS
This content last refreshed on 5/7/2024 4:15 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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