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!
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Meet our Team of Experts!
My team and I bring over 20 years of real estate experience, with deep roots in Florida’s investment scene. As a licensed MLO, I’ve helped close millions in loans and investor acquisitions. We’ve built strong relationships with wholesalers, probate attorneys, and sellers to source real deals—not just listings. My goal is simple: align your investments with your vision and deliver results that exceed expectations. Connect with Cody at https://graystoneig.com/cody
Hi, I’m Lisa-Kaye Price, Real Estate Lending Specialist at Graystone Investment Group. With 20 years of experience as both a licensed Realtor® and Mortgage Loan Originator, I specialize in helping investors secure smart financing for powerful real estate moves. Let’s connect and talk strategy! Connect with Lisa at https://graystoneig.com/lisa-kaye-price
Jay Michalec is the COO of Graystone Investment Group and a proud U.S. Army veteran. With 25 years in hospitality, Jay brings leadership, service, and operational excellence to real estate. He’s known for keeping things running smoothly and supporting both the team and clients every step of the way. 📅 Connect with Jay: https://graystoneig.com/jay
