2525 37TH STREET, Saint Petersburg, Florida, 33711

Listed by DALTON WADE INC, Andrew Vieira, 914-400-3319, Andrew@acvre.com

$375,000

1,345 Sqft

0.17 Acres

4 bd

1 ba

#TB8535635

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 FEATURES

Utilities : Electricity Connected, Sewer Connected, Water Connected
Water Access : 0
Sewer : Public Sewer
Exterior Features : Lighting, Private Entrance, Private Mailbox, Private Yard, Rain Gutters, Sidewalk
Road Surface Type : Asphalt
Roof : Shingle
Heating : Electric

Cooling : Central Air
Construction Materials : Vinyl Siding, Frame
Interior Features : Ceiling Fans(s), Eat-in Kitchen, Primary Bedroom Main Floor, Solid Wood Cabinets, Stone Counters, Walk-In Closet(s), Window Treatments
Laundry Features : Inside, Laundry Closet
Appliances : Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Flooring : Ceramic Tile