Bought with
4 Beds
1 Bath
990 SqFt
4 Beds
1 Bath
990 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 990 sqft
Price per Sqft $291
Subdivision Palmetto Park
MLS Listing ID TB8437866
Bedrooms 4
Full Baths 1
HOA Y/N No
Year Built 1957
Annual Tax Amount $3,022
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 45x124
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
Immediate Income. Zero Hassle. Prime Location.
Discover a rare, tenant-occupied investment property that combines strong cash flow with recent capital improvements and an established, reliable tenant. This well-maintained 4-bedroom, 1-bathroom single-family home is your gateway to hassle-free passive income in one of St. Petersburg's most desirable and rapidly evolving neighborhoods.
Investment at a Glance
Monthly Rental Income: $2,372 | Annual Income: $28,464
This property is currently tenant-occupied with a Sec. 8 voucher holder with an annual lease, ensuring government-backed rental payment security and immediate cash flow from day one. No vacancy, no turnover costs, no waiting—just instant returns.
Recent Major Capital Improvements
Your investment is protected with comprehensive recent updates that minimize future capital expenditures and maximize long-term value:
*Newer Roof – Long-term protection and structural integrity
*Updated HVAC System – Energy-efficient climate control
*Newer Water Heater – Reliable hot water supply
These major system upgrades provide peace of mind and reduce maintenance concerns, allowing you to enjoy predictable cash flow without the burden of immediate capital outlays.
Why This Investment Stands Out
Established Tenancy: Quality tenant already in place with a proven rental history—no tenant placement costs or learning curve.
Low Maintenance Profile: Recent updates to all major systems mean fewer repair calls and lower operational expenses.
Strong Market Fundamentals: St. Petersburg's 33712 area continues to show consistent property value appreciation, supported by urban revitalization, an expanding job market, and growing cultural attractions.
Location, Location, Location
Situated in the heart of the vibrant Grand Central District, this property benefits from one of St. Petersburg's most exciting neighborhood transformations. This eclectic area seamlessly blends historic charm with modern urban energy, featuring:
Walkable Arts & Culture Scene – Galleries, murals, and creative spaces
Trendy Dining & Entertainment – Chef-driven restaurants, craft breweries, and unique boutiques
St. Pete Paddle and Social Club – Just blocks away! State-of-the-art indoor facility with 14 pickleball courts, 2 Padel courts, 6 table tennis tables, plus restaurant and bar
Jim and Heather Gills YMCA Expansion – Major upgrades, including relocated athletic fields with artificial turf, expanded parking with a 600-space covered garage, and updated amenities
Upcoming Whitney Village – Exciting pedestrian-only development featuring 380 apartments, 50 residential units, and 32,000 sq. ft. of retail space—creating a vibrant new community hub
Unbeatable Connectivity:
10 minutes to Beach Drive and Downtown St. Pete
20 minutes to award-winning Gulf Coast beaches
Under 30 minutes to Tampa International Airport
The Bottom Line
This is more than just a rental property—it's a fully optimized income-generating asset in a high-growth market. With $2,372 in monthly cash flow, major systems already updated, an established tenant providing stability, and a location positioned in the path of St. Petersburg's continued revitalization, this home represents an exceptional opportunity to acquire a quality investment that performs from day one.
Location
State FL
County Pinellas
Community Palmetto Park
Area 33712 - St Pete
Direction S
Interior
Interior Features Primary Bedroom Main Floor
Heating Central, Electric
Cooling Central Air
Flooring Ceramic Tile
Fireplace false
Appliance Range, Refrigerator
Laundry Outside
Exterior
Exterior Feature Sidewalk
Utilities Available Cable Available, Electricity Available, Public, Sewer Available, Water Available
Roof Type Built-Up
Garage false
Private Pool No
Building
Story 1
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water None
Structure Type Block
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Trade
Listing Terms Cash, Conventional, Trade
Special Listing Condition None
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