4658 24th St N


About this property

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!

Features and Additional Information

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$650,000 Active
2,310 SQFT

Presented By Pink Door Management

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Area Information

33714 St Pete | Pinellas County | LAKESIDE SUB

$ 650,000
This listing is play_arrow 0.0% lower than the average in the area
$ 650,000 in the area
2,310 SqFt
This listing is play_arrow 0.0% smaller than the average in the area
2,310 SqFt in the area
$ 281 $/SqFt
This listing is play_arrow 0.0% less than the average in the area
$ 281 $/SqFt in the area
20 days on site
This listing is play_arrow 0.0% below the average in the area
20 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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    High School
Listed By Thomas "TJ" Homan, Jr

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