Fantastic Income Generating Opportunity in St. Petersburg!
Quick Summary
$249,000
1 /
4818 10TH AVE S, ST PETERSBURG, FL 33711
3 beds
1 baths
1,180 sqft
Under Contract – Accepting Backup Offers!! “This generously updated 3-Bedroom, 1-Bathroom (plus office /den) home has been thoughtfully renovated and presents a fantastic INCOME GENERATING opportunity, generating solid investment returns with reliable Housing Authority Tenants already in place at $2,691 per month! The heart of this home is the stunning kitchen, featuring beautiful wood cabinets with self-close technology, exquisite quartz countertops, and durable new flooring. The bathroom has also undergone a complete transformation, with tasteful remodeling and upgraded fixtures. Enjoy the peace of mind that comes with a roof system that has plenty of remaining life, new central heating and cooling, new water heater, and updated plumbing fixtures. This property also presents a fantastic opportunity for the Buyer to explore adding an ADU for additional rental income!”VIEW PROPERTY APPRAISER Current Housing Authority Rent: $2,691 monthly = $32,292 annually Long Term Rent Comps: $1,895 – $2,300 monthly = $22,740 – $27,600 annually Per 3/1 (1032 Sq Ft): $1,895 – $2,300 monthly VIEW COMPS Sale Comps: $210,000 – $299,000 VIEW COMPS Taxes Based on List Price: Approximately $4,130 annually (variations based on county and sales price).