For Sale: 1705 44th St S, ST Pete FL 33711

Property Overview:

Welcome to 1705 44th St S, a charming investment opportunity nestled in the vibrant community of Saint Petersburg, FL 33711. Priced at just $199,900, this property offers a blend of potential equity growth and cash flow opportunities, making it an ideal choice for both new and seasoned real estate investors.

Property Details:

• Address: 1705 44th St S, Saint Petersburg, FL 33711

• Asking Price: $199,900

• Bedrooms/Bathrooms: 3 spacious bedrooms and 1 full bathroom

• Living Space: 900 square feet

• Lot Size: Generous lot providing ample outdoor space

• Zoning: Residential

• Type: Single-Family Home

Investment Highlights:

• After Repair Value (ARV): Estimated at $320,000, showcasing substantial equity growth potential.

• Rent Potential: Anticipated monthly rental income between $2,000 and $2,200, offering a solid cash flow.

• Rehabilitation Estimates:

  • For Flipping: Approximately $60,000 to enhance curb appeal, interior finishes, and overall marketability.

  • For Renting: Around $45,000 to ensure tenant-ready condition with durable and practical updates.

Rehab Scope of Work:

1. Exterior Improvements:

   • Fresh paint to enhance curb appeal.

   • Landscaping to create an inviting atmosphere.

   • Repair or replace roofing if necessary.

   • Ensure the exterior is low maintenance for potential tenants.

2. Interior Upgrades:

   • Update kitchen with new cabinetry, countertops, and modern appliances.

   • Renovate the bathroom to include new fixtures, tiles, and vanity.

   • Install durable flooring suitable for rentals (e.g., vinyl planks or tiles).

   • Add fresh paint with neutral colors to appeal to a broad audience.

3. Mechanical and Structural:

   • Inspect and update HVAC, plumbing, and electrical systems.

   • Address any structural concerns, including foundation or framing work.

4. Rental Specific Enhancements:

   • Install low-maintenance features like easy-to-clean surfaces and robust appliances.

   • Consider energy-efficient upgrades to attract long-term tenants and reduce utility costs.

Market Analysis:

• Comparative Market Analysis (CMA):

  • Similar homes in the area have recently sold for $300,000 – $330,000, supporting the estimated ARV of $320,000.

• Rental Market Overview:

  • The rental market in Saint Petersburg is strong, with high demand for single-family homes in this price range.

  • Average rents for similar properties are between $2,000 and $2,200 per month, reflecting stable cash flow potential.

Neighborhood Insights:

• Location Benefits:

  • Close proximity to schools, shopping centers, parks, and public transportation.

  • Easy access to major highways, enhancing convenience for commuters.

• Community Appeal:

  • Saint Petersburg is known for its thriving arts scene, waterfront parks, and family-friendly amenities.

  • The neighborhood is experiencing growth and revitalization, adding to property appreciation prospects.

Financial Analysis:

• Flip Scenario:

  • Purchase Price: $199,900

  • Rehab Costs: $60,000

  • Total Investment: $259,900

  • Projected Sale Price: $320,000

  • Estimated Profit (Before Fees): $60,100

• Rental Scenario:

  • Purchase Price: $199,900

  • Rehab Costs: $45,000

  • Total Investment: $244,900

  • Monthly Rent Potential: $2,200

  • Annual Gross Income: $26,400

  • Estimated Cash-on-Cash Return: [Insert Calculation]

Ideal Investment Strategy:

This property is versatile, suitable for both flip and hold strategies:

• Flippers: Benefit from a healthy margin with potential gains of over $60,000.

• Buy and Hold Investors: Enjoy consistent rental income with potential for appreciation over time.

Why Invest in Saint Petersburg?

• The city offers a dynamic real estate market with a mix of tourists, students, and long-term residents.

• It is a prime location for rental investments due to its steady population growth and employment opportunities.

Next Steps:

• Schedule a Viewing: See the property in person to understand its full potential.

• Request More Information: Get detailed reports, including market comps and rehab scope.

View Photos

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Hello, I’m Marylyn Patankar, the Field Manager and New Client Ambassador at Graystone Property Management. I educate investors about our perks, onboard new landlord investors, and manage on-site operations. Schedule a meeting with me here: https://graystoneig.com/marylyn

My team and I have over 20 years of experience in real estate. We have strong relationships with wholesalers, probate lawyers, sellers, and others in Florida. I aim to align your investments with your vision and deliver exceptional results. Contact Vanessa to schedule a meeting: https://graystoneig.com/cody

Lisa-Kaye Price – Real Estate Lending Specialist

With 20 years in real estate, Lisa-Kaye is dedicated to helping clients achieve their investment goals through strategic financing. She and her team focus on securing the best financing solutions to maximize leverage – a unique advantage of real estate investing.

Offering various options, including conventional loans, asset-backed and private money solutions, and programs for foreign nationals, Lisa’s expertise ensures clients get the support they need, whether buying new properties or refinancing.

Schedule a meeting with Lisa: https://graystoneig.com/lisa-kaye-price