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St Petersburg,FL 33712
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 920 sqft
Price per Sqft $233
Subdivision Clayo Sub
MLS Listing ID TB8432566
Bedrooms 3
Full Baths 1
Construction Status Completed
HOA Y/N No
Year Built 1948
Annual Tax Amount $2,767
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
TURNKEY INVESTMENT PROPERTY - EXCEPTIONAL SINGLE-FAMILY RENTAL. This well-maintained 3-bedroom, 1-bathroom home offers immediate cash flow with an established, reliable tenant in place. Perfect for investors seeking a hassle-free addition to their portfolio. PROPERTY HIGHLIGHTS: Monthly Rental Income: $2,127 (Annual: $25,524). Stable Tenancy: Section 8 voucher recipient with annual lease agreement. Move-in Ready: Tenant occupied and cash-flowing from day one. RECENT MAJOR UPDATES: Transferable Satisfactory 4 Point Inspection. Newer Roof - Long-term protection and peace of mind. Updated HVAC System. Newer Water Heater. Complete Cosmetic Renovations - Fresh updates inside and out. INVESTMENT ADVANTAGES: Guaranteed Income through Section 8 program. Low Maintenance with recent major system updates. Established Rental History with quality tenant. Strong Rental Market in desirable St. Petersburg area. LOCATION BENEFITS: Situated in the sought-after 33705 area of St. Petersburg, this property benefits from the city's continued growth and urban revitalization. The area has shown consistent property value appreciation with the local rental market remaining strong, supported by St. Petersburg's expanding job market and cultural attractions. FINANCIAL PERFORMANCE: Gross Annual Income: $25,524. Immediate Cash Flow from established tenancy. Section 8 Program provides rental payment security. Recent Updates minimize future capital expenditures. IDEAL FOR: Buy-and-Hold Investors seeking stable returns. First-Time Rental Property buyers (turnkey ready). Portfolio Diversification with single-family residential. 1031 Exchange** opportunities. Out-of-State Investors wanting hands-off management. This property represents a rare opportunity to acquire a fully-updated, income-producing single-family home with immediate positive cash flow. The combination of recent major improvements, established Section 8 tenancy, and prime St. Petersburg location creates an exceptional investment opportunity.
Key Investment Metrics: Stable monthly income of $2,127. Recent capital improvements completed. Reliable tenant with government-backed rental assistance. Growing market with strong fundamentals. Don't miss this turnkey investment opportunity - Quality cash-flowing properties with established tenants are increasingly rare in today's competitive market!
Location
State FL
County Pinellas
Community Clayo Sub
Area 33712 - St Pete
Direction S
Interior
Interior Features Open Floorplan,Primary Bedroom Main Floor,Solid Surface Counters,Solid Wood Cabinets,Thermostat,Window Treatments
Heating Central,Electric
Cooling Central Air
Flooring Tile
Fireplace false
Appliance Range,Refrigerator
Laundry Electric Dryer Hookup,Washer Hookup
Exterior
Exterior Feature Other,Sidewalk
Garage Spaces 1.0
Utilities Available Cable Connected,Electricity Connected,Sewer Connected,Water Connected
Roof Type Shingle
Porch Front Porch,Rear Porch
Attached Garage false
Garage true
Private Pool No
Building
Lot Description City Limits,Level,Near Public Transit,Sidewalk,Paved
Entry Level One
Foundation Concrete Perimeter
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Architectural Style Bungalow
Structure Type Vinyl Siding,Frame
New Construction false
Construction Status Completed
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash,Conventional,Private Financing Available
Listing Terms Cash,Conventional,Private Financing Available
Special Listing Condition None