Price: $375,000
MLS Number: TB8535635
 Single Family
2525 37TH, Saint Petersburg, Florida 33711 USA
 Beds: 4
 
 Baths: 1
 
 Living Area: 1,345
 Total Square Feet: 1,960
 
 Lot Square Feet: 7,501
 
 HOA Fees: 
 Year Built: 1925
 
 Community: CHURCHILL GROVE
 
 Subdivision: CHURCHILL GROVE
About this Property
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.

About the Area

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