For Sale: 1705 44th St S, Saint Petersburg, 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

• Construction: [Insert Construction Type – e.g., Concrete Block]

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.

•  

See Pictures “Here”  

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.

Contact Cody Bergstrom to schedule a meeting: 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!

📅 Schedule a meeting: 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