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Property Description

**INVESTMENT OPPORTUNITY** Average income – $215/week , NET – $65,000 – $70,000 annually. 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
: Central
: Central Air
: Fenced
: Shingle
: Refrigerator, Dryer, Microwave, Washer, Range
2
: Other
0
: Ceramic Tile, Vinyl
0
: Eat-in Kitchen
: Inside
1
1
Address Map
USA
FL
SAINT PETERSBURG
33714
XENIA
4625
STREET
0
W83° 20' 3.3''
N27° 48' 51.8''
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
33714 - St Pete
N
LAKESIDE SUB
Additional Info
HOMAN REALTY GROUP INC
Thomas "TJ" Homan, Jr
$0
: Wood Frame
North
: Slab
: One
MFR262002672
MFR262003806
Active
02-31-16-48636-001-0230
: Public Sewer
: None
0
$4,284
2023
: Cable Connected, Electricity Connected, Cable Available, Electricity Available
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4625 XENIA STREET, SAINT PETERSBURG, Florida 33714

Single Family Residence For Sale

9 Bedrooms
5 Bathrooms
3,666 Sqft
$650,000
Listing ID #MFRT3523162
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : MFRT3523162
Price : $650,000
Bedrooms : 9
Bathrooms : 5
Living Area : 2,158 Sqft
Square Footage : 3,666 Sqft
Year Built : 1953
Lot Size : 0.14 Acre
Status : Active
Days On Market : 1
Minimum Lease Period : No Minimum
Agent info
Bryan Rogers
Holiday Realty LLC
Holiday Realty LLC
5401 S. Kirkman Rd., Ste. 310, Orlando FL 32819
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