1701 27th Street S
St Petersburg, FL 33712  •  Single Family  •  For Sale  •  Closed
$345,000
  • 9 Beds  | 
  • 3 Baths  | 
  • 1,646 Sqft
Property Highlights
  • Heating / Cooling: Central
  • MLS #: U8226540
  • Property Type: Single Family, Single Family Residence
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...
General Information
Area 33712 - St Pete
High School Gibbs High-PN
Property Subtype Residential
Subdivision Wright Sub
Listed by Kim Meredith-hampton, Hampton Real Estate Advisors L.
Data provided by Stellar MLS. Properties displayed may be listed or sold by various participants in the MLS.
Elementary School Melrose Elementary-PN
Middle School John Hopkins Middle-PN
Property Type Single Family Residence
Taxes $3,814