Residential Property - Single Family Residence in St Petersburg
Listing Price: $695,000 (Mortgage Calculator →)
Description of Property
This prime investment rental property presents a fantastic opportunity for savvy investors and developers. With its strategic location and ample space, it offers the potential for lucrative returns and multiple development options.The property boasts a well-maintained structure that can be rented out immediately, generating a steady stream of rental income. The spacious layout and desirable features make it an attractive option for tenants, ensuring stable occupancy rates.Moreover, the property sits on a sizable plot of land, providing ample opportunities for future development. Whether you envision constructing additional residential units, commercial spaces, or a mixed-use development, the possibilities are endless.The property's location in a thriving neighborhood further enhances its investment potential. The area is experiencing significant growth and development, with new businesses, amenities, and infrastructure projects underway. This creates a strong demand for housing and commercial spaces, making it an ideal environment for rental properties and development ventures.With its income-generating potential, development opportunities, and strategic location, this investment rental is a rare find. It offers a unique chance to capitalize on the area's growth while enjoying the benefits of a reliable rental income stream. Whether you're an investor seeking a solid addition to your portfolio or a developer looking for the next big project, this property presents an exceptional opportunity to achieve your financial goals.The property enjoys a prime location in a neighborhood that is undergoing rapid improvement, which is not far from the vibrant downtown area of St. Petersburg.There has been a significant shift in the demographic makeup of the area, with new developments springing up frequently, adding to the neighborhood's appeal.The rental house stands out in excellent condition, meticulously maintained by its owners. It features a 4-year-old roof and a 4-year-old central air system, ensuring comfort and energy efficiency for its occupants.The property's desirability as a rental is evident from its consistently high demand. It rarely remains vacant for more than a week or two during tenant transitions, showcasing its strong rental potential in the local market.
Bedrooms: 4
Bathrooms: 3
Sq. Ft. Gross: 2,342
Garage: No
Carport: No
Parking Features:
Spa Features:
Water Frontage:
Water Features:
Water Access:
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: St Petersburg
County: Pinellas
Subdivision: Cromwell Heights
Bedrooms: 4
Bathrooms: 3
Sq. Ft. Gross: 2,342
Sq. Ft. Living Area: 2,342
Cost per (heated) sqare foot: $297
Year built: 1920
Annual Tax: $4,393
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances:
- Electric Water Heater
- Range
- Range Hood
- Refrigerator
Accessibility Features:
Window Features:
Additional Rooms:
Ceiling Type:
Flooring: Carpet, Tile
Laundry Features:
- Electric Dryer Hookup
- None
- Washer Hookup
Pool & Waterfront Info
Private Pool: Not specified
Pool Features:
Spa Features:
Water Frontage:
Water Access: Not specified
Water Access Type:
Water View:
Exterior & Construction
Architectural Style:
Construction: Wood Frame, Wood Siding
Foundation: Crawlspace
Roof: Shingle
Exterior Features: Lighting, Sidewalk
Parking Features:
Floors Total:
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Central, Electric
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View:
Fencing: Fenced
Utilities:
- Cable Available
- Electricity Available
- Electricity Connected
- Public
- Sewer Available
- Water Available
- Water Connected
Sewer: Public Sewer
Water Source: Public
Community Features:
Association Amenities:
Lot Information
Lot Features:
Lot Size (acres): 0.15
Lot Size (sq. ft.): 6,351 square feet
Front Exposure: West
Adjoining Property:
Current Adjacent Use:
Legal Description & Other Information
Financing Available: Cash, Conventional
Parcel Number: 311625193500020010
Tax Legal Desc.: CROMWELL HEIGHTS BLK B, LOT 1
Disclosures: Lead Paint, Seller Property Disclosure
Section: 25
Range: 16
Listing courtesy of MELANGE REAL ESTATE INC. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.