1701 27th Street S, St Petersburg, FL 33712
- $320,000
- 9
- BD
- 3
- BA
- 1,646
- SqFt
- Sold Price
- $320,000
- List Price
- $345,000
- Status
- Sold
- Days on Market
- 11
- Closing Date
- Feb 12, 2024
- MLS#
- U8226540
- Property Style
- Single Family
- Year Built
- 1950
- Bedrooms
- 9
- Bathrooms
- 3
- Living Area
- 1,646
- Lot Size
- 7,266
- Acres
- 0.17
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Wright Sub
- MLS Area Major
- St Pete
Property Description
**Multiple offer situation - ALL HIGHEST AND BEST OFFERS DUE BY SUNDAY, Feb. 4th at 5:00 PM, cash and no contingencies preferred - Contact the listing agent for information on the scheduled group viewings on Feb. 2nd. Generating over $6,300 per month in gross rental income ($76,000+ per year), this investment offers a unique combination of cash flow and turnkey management in a sought-after location. After expenses the CAP rate is over 10% and 12.4% cash-on-cash ROI. The home is leased to one tenant, PadSplit, which hosts the property on their platform. PadSplit not only helps members save money and live closer to work but also provides an avenue for investors to achieve 3x+ cash flow. All members are professionally screened by PadSplit, required to pass a background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Sold with an optional top-rated super-host who coordinates cleaning and repairs, this property is ideal for any investor. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution before calling. Part of a portfolio, contact the listing agent if you are interested in purchasing multiple properties with a similar setup and ROI.
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Additional Information
- Taxes
- $3814
- Minimum Lease
- No Minimum
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Interior Layout
- Other
- Interior Features
- Other
- Floor
- Luxury Vinyl, Tile
- Appliances
- Convection Oven, Dryer, Microwave, Refrigerator, Washer
- Utilities
- Public
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Stucco
- Exterior Features
- Sidewalk
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Elementary School
- Melrose Elementary-Pn
- Middle School
- John Hopkins Middle-Pn
- High School
- Gibbs High-PN
- Flood Zone Code
- X
- Parcel ID
- 26-31-16-99144-000-0160
- Legal Description
- WRIGHT SUB LOT 16
Listing courtesy of HAMPTON REAL ESTATE ADVISORS L. 407-219-3315
Selling Office: EXP REALTY LLC.Mortgage Calculator
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