About 1121 10th Avenue S
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 2525 37th St S (See MLS# TB8535635). This 3-bedroom, 1.5-bathroom home offers immediate, risk-mitigated cash flow on day one. The property is fully occupied by a stable tenant at a premium rate of $2,715/month (leased through 3/31/2027), providing secure, government-backed rental income. The asset has undergone extensive, high-end renovations, resulting in nearly zero deferred maintenance for the next owner. The home has passed multiple rigorous housing inspections. Upgrades include a new 2.5-ton HVAC system, roof repairs, whole-house fumigation with warranty, and a new concrete driveway and patio. The interior features a stunning full kitchen buildout with custom cabinetry, Quartz countertops, new stainless steel appliances including dishwasher and washer/dryer, recessed LED lighting, chandelier, and premium remote-controlled fans. A beautifully upgraded bathroom includes luxury fixtures, LED vanity, and custom shower with premium tile to the ceiling. Located in Flood Zone X (no flood insurance typically required) with zero HOA fees and a tenant who is responsible for all utilities and lawn care. Package Sister Property Details (2525 37th St S): Features a 4-bed / 1-bath layout, a $3,150/month lease through 2/28/2027, custom attic conversion, and high-end finishes. Combined, the full portfolio delivers a total NOI of $41,930 at a 6.08% blended cap rate. This is a true hassle-free, stabilized addition to any portfolio. *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.
Features of 1121 10th Avenue S
| MLS® # | TB8535618 |
|---|---|
| Price | $315,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Full Baths | 1 |
| Half Baths | 1 |
| Square Footage | 1,020 |
| Acres | 0.10 |
| Year Built | 1925 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Bungalow, Florida |
| Status | Active |
Listing Details
| Office | KELLER WILLIAMS REALTY PORTFOLIO COLLECTION |
|---|
Listing Map
Neighborhood Information for 1121 10th Avenue S
Low Residential Turnover, Coastal Area, Suburb of Tampa
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
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Campbell Park Elementary School Public - Preschool to 5Th Grade - Closest Elementry School |
0 Miles | |
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John Hopkins Middle School Public - 6Th Grade to 8Th Grade - Closest Middle School |
0 Miles | |
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Melrose Elementary School Public - Preschool to 5Th Grade |
0 Miles | |
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Midtown Academy Public - Kindergarten to 8Th Grade |
1 Miles | |
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Pinellas Mycroschool Of Integrated Academics And Technologies (Mycroschool Pinellas) Public - to |
1 Miles | |
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Mount Zion Christian Academy Private - to |
1 Miles | |
|
Perkins Elementary School Public - Preschool to 5Th Grade |
1 Miles |
School data provided by GreatSchools