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.
Listing Snapshot
Inside Area (SqFt)
1,345 sqft
Sq Ft Source
Public Records
Recent Activity
| a week ago | | Listing updated with changes from the MLS® |
| a week ago | | Listing first seen on site |
General Features
Property Sub Type
Single Family Residence
Security
Fire AlarmSmoke Detector(s)
Style
BungalowCraftsmanFlorida
Utilities
Electricity ConnectedSewer ConnectedWater Connected
Interior Features
Appliances
DishwasherDisposalDryerElectric Water HeaterMicrowaveRangeRefrigeratorWasher
Fireplace Features
Decorative
Interior
Eat-in KitchenStone CountersWalk-In Closet(s)
Laundry Features
InsideLaundry Closet
Window Features
Window CoveringsBlindsWindow Treatments
Bathroom 1
Level - FirstFeatures - Ceiling Fan(s)
Bedroom 2
Level - FirstFeatures - Ceiling Fan(s)
Bedroom 3
Level - FirstFeatures - Ceiling Fan(s)
Dining Room
Level - FirstFeatures - Breakfast Bar
Kitchen
Level - FirstFeatures - Breakfast Bar, Granite Counters, Kitchen Island, Stone Counters
Living Room
Level - FirstFeatures - Ceiling Fan(s)
Master Bedroom
Level - FirstFeatures - Ceiling Fan(s)
Exterior Features
Construction Details
Vinyl SidingFrame
Exterior
LightingPrivate EntrancePrivate YardRain Gutters
Lot Features
LandscapedPaved
Patio And Porch
Front PorchPatio
Windows/Doors
Window CoveringsBlindsWindow Treatments
Community Features
Financing Terms Available
CashConventionalFHAVA Loan
MLS Area
33711 - St Pete/Gulfport
Listing courtesy of KELLER WILLIAMS REALTY PORTFOLIO COLLECTION (914) 400-3319
Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS.
Last checked: 2026-08-11 10:37 AM EDT
Source: Walkscore
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