Property Description
Incredible opportunity to acquire a fully renovated, turnkey investment property in a highly desirable St. Petersburg submarket. While available individually, this property is preferred as part of a two-property portfolio package alongside its sister property at 1121 10th Ave S (See MLS #TB8535618). This 4-bedroom, 1-bathroom home offers immediate, risk-mitigated cash flow on day one. The property is fully occupied by a stable tenant at $3,150/month (leased through 2/28/2027), providing secure, government-backed rental income.
The asset has undergone an extensive luxury overhaul, featuring a custom attic conversion that creates a spacious 4th bedroom. Major capital expenditures have already been completed, including a 3-ton HVAC system, roof repairs, removal of an unsafe garage structure, and a brand-new paver patio. The high-end interior boasts new marble-look tile flooring throughout, a beautifully upgraded kitchen with Calacatta granite countertops, a waterfall edge breakfast bar, decorative LED pendant lighting, separate dining room, and stainless steel appliances with french door refrigerator, dishwasher and in-unit washer/dryer. With no HOA and the tenant handling all utilities and lawn care, this is a premium, hands-off investment.
Package Sister Property Details (1121 10th Ave S): Features a 3-bed / 1.5-bath layout, a $2,715/month lease through 3/31/2027, and premium updates located in Flood Zone X. Combined, the full portfolio delivers a total NOI of $41,930 at a 6.08% blended cap rate.
*This listing offers a one-point-lender-paid rate buydown for qualifying buyers.
Pictures are from after renovations, but before current tenants moved in, buyers to verify all information.
Property Details 2525 37TH STREET S, ST PETERSBURG, FL 33711
General
- {{Item.Label}}: {{Item.Value}}
Interior Features
- {{Item.Label}}: {{Item.Value}}
Exterior Features
- {{Item.Label}}: {{Item.Value}}
Additional Features
- {{Item.Label}}: {{Item.Value}}
Schools
- {{Item.Label}}: {{Item.Value}}
Agent Compensation
- {{Item.Label}}: {{Item.Value}}
Financial Considerations
- {{Item.Label}}: {{Item.Value}}
Financial Considerations
- {{Item.Label}}: {{Item.Value}}
Size & Lot
- {{Item.Label}}: {{Item.Value}}
Utilities
- {{Item.Label}}: {{Item.Value}}
Activity
- {{Item.Label}}: {{Item.Value}}
Estimated Monthly Mortgage Calculator
This calculator is provided by Burrow Services, Inc. for informational purposes. You should not make any decisions based simply on the information provided. Values indicated are estimates and may not be accurate and are only to be used as a guide. This calculator should not be relied upon in any way as the sole source of information. Please consult your financial, tax, or legal advisers for an accurate assessment of your mortgage payments and any advice relating to your personal circumstances.