About 2525 37th Street 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 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.
Features of 2525 37th Street S
| MLS® # | TB8535635 |
|---|---|
| Price | $375,000 |
| Bedrooms | 4 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 1,345 |
| Acres | 0.17 |
| Year Built | 1925 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Bungalow, Craftsman, Florida |
| Status | Active |
Listing Details
| Office | KELLER WILLIAMS REALTY PORTFOLIO COLLECTION |
|---|
Listing Map
Neighborhood Information for 2525 37th Street S
Moderate 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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Thurgood Marshall Fundamental Public - 6Th Grade to 8Th Grade - Closest Middle School |
0 Miles | |
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Mt. Moriah Christian Fundamental Academy Private - to |
0 Miles | |
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Douglas L. Jamerson Jr. Elementary Public - Preschool to 5Th Grade - Closest Elementry School |
1 Miles | |
|
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Lakeview Fundamental Elementary School Public - Kindergarten to 5Th Grade |
1 Miles | |
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James B. Sanderlin Pk-8 Public - Preschool to 8Th Grade |
1 Miles | |
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Pinellas Technical College - St Petersburg Public - to |
1 Miles | |
|
Gibbs High School Public - 9Th Grade to 12Th Grade - Closest High School |
1 Miles |
School data provided by GreatSchools