375 58th St N, Saint Petersburg, FL 33710
Your Perfect Investment Opportunity Awaits!
This single-family home has a ton of potential, and it’s already priced below market value. Here are some quick highlights:
- 3 Beds / 2 Baths
- 1 Car Garage
- Built-in 1963
- Living Area: 1,008 Sqft
- Asking Price: $269,000
- Projected Monthly Rent: $2,500 – $2,700
- After Repair Value (ARV): $385,000
- Rehab Projection: $35,000
Key Features:
- Prime Location: Situated on a corner lot with convenient parking from a back alley, away from street traffic.
- Recent Upgrades: The home was remodeled in 2017, including a new AC unit, water heater, kitchen upgrades, and more. Plus, all windows were replaced in 2022, making it super energy-efficient.
- Utility Improvements: Sewer line was updated within the last two years—so no surprise issues there!
- Potential for Growth: Partially converted garage for an additional bedroom and bathroom, giving you the opportunity to turn this into a 4-bedroom rental!
Important Note:
The property had some flooding recently, which was surprising since it’s not in a flood zone. A local neighbor mentioned possible city infrastructure issues that may have caused it. While there’s some water damage to take care of, a little elbow grease will get this property back to top shape in no time.
Why You Should Act Fast
This is a great chance to capitalize on Saint Petersburg’s strong rental market. With some light rehab work, you’re looking at a big equity jump to an ARV of $385,000!
For Sale: 1235 Morgan Dr, Lakeland, FL
Strongest cash flow on the slate at $1,905/month with tenants on lease [...]
For Sale: Polk St, Bartow, FL 33830 (8-Unit)
View Full Photo Set Polk St, Bartow, FL [...]
For Sale: 2788 41st Ave N, Saint Petersburg, FL 33714
2788 41st Ave N, Saint Petersburg, FL 33714 [...]
For Sale: XXXX Tampa, FL 33604
Tampa, FL 33604 2 quadplexes [...]
Florida Real Estate Market Crash? Here’s What I’m Actually Seeing (From the Field)
Quick Answer No, I don’t see a Florida real estate market crash happening right now. What we already went [...]
For Sale: XXXX Bonita Springs, FL 34134
Bonita Springs, FL 34134 3 [...]
Book an Expert
New investor? Start with Jorge.
Jorge Vazquez – CEO & Investment Strategist at Graystone. Let’s make your portfolio stronger, steadier, and more profitable.
Deals? Book with Cody.
Meet Cody Bergstrom, Your Expert in Finding Deals Let’s find an off-market deal that actually works for you.
Need financing? Book with Lisa.
Meet Lisa Kaye Price, the LendingGig Top ML Let’s figure out the smartest way to fund your next deal.
Looking for PM? Book with Jay
Jay Michalec – COO & Property Management Expert at Graystone. Let’s make your rentals easier, calmer, and more profitable.
