2525 37TH ST S, ST PETERSBURG, FL, 33711
$375,000
Residential
Bedrooms
4
Bathrooms
1
Living Area
1,345 Sqft
Lot Size
7,501 Sqft
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. Pictures are from after renovations, but before current tenants moved in, buyers to verify all information.
Property Details
Property Features Property Features
MLS ID: MFRTB8535635 Year Built: 1925
Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer Architectural Style: Bungalow, Craftsman, Florida
Construction Materials: Vinyl Siding, Frame Cooling: Central Air
Country: US County Or Parish: Pinellas
Direction Faces: South Exterior Features: Lighting, Private Entrance, Private Mailbox, Private Yard, Rain Gutters, Sidewalk
Fencing: Chain Link Fireplace Features: Decorative
Flooring: Ceramic Tile Foundation Details: Other, Slab
Furnished: Negotiable Heating: Electric
Laundry Features: Inside, Laundry Closet Levels: Two
Listing Agreement: Exclusive Right To Sell Listing Terms: Cash, Conventional, FHA, Other, VA Loan
Lot Features: Landscaped, Sidewalk, Paved Occupant Type: Tenant
Other Equipment: Private Entrance, Private Yard Parking Features: Ground Level, Off Street
Patio And Porch Features: Front Porch, Patio Pets Allowed: Cats OK, Dogs OK
Property Condition: Completed Property Sub Type: Single Family Residence
Property Type: Residential Road Surface Type: Asphalt
Roof: Shingle Security Features: Fire Alarm, Smoke Detector(s)
Sewer: Public Sewer Showing Requirements: Appointment Only, Call Listing Agent, Do Not Contact Tenants, Listing Agent Must Accompany, See Remarks
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: Electricity Connected, Sewer Connected, Water Connected
Vegetation: Trees/Landscaped View: City, Garden
Water Source: Public Window Features: Blinds, Shades, Window Treatments
Rooms Rooms
Living Room: Primary Bedroom:
Bathroom 1: Kitchen:
Dining Room: Bedroom 2:
Bedroom 3: Bedroom 4:
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