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:
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Address: 1705 44th St S, Saint Petersburg, FL 33711
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Asking Price: $199,900
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Bedrooms/Bathrooms: 3 spacious bedrooms and 1 full bathroom
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Living Space: 900 square feet
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Lot Size: Generous lot providing ample outdoor space
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Zoning: Residential
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Type: Single-Family Home
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Construction: [Insert Construction Type – e.g., Concrete Block]
Investment Highlights:
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After Repair Value (ARV): Estimated at $320,000, showcasing substantial equity growth potential.
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Rent Potential: Anticipated monthly rental income between $2,000 and $2,200, offering a solid cash flow.
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Rehabilitation Estimates:
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For Flipping: Approximately $60,000 to enhance curb appeal, interior finishes, and overall marketability.
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For Renting: Around $45,000 to ensure tenant-ready condition with durable and practical updates.
Rehab Scope of Work:
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Exterior Improvements:
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Fresh paint to enhance curb appeal.
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Landscaping to create an inviting atmosphere.
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Repair or replace roofing if necessary.
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Ensure the exterior is low maintenance for potential tenants.
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Interior Upgrades:
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Update kitchen with new cabinetry, countertops, and modern appliances.
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Renovate the bathroom to include new fixtures, tiles, and vanity.
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Install durable flooring suitable for rentals (e.g., vinyl planks or tiles).
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Add fresh paint with neutral colors to appeal to a broad audience.
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Mechanical and Structural:
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Inspect and update HVAC, plumbing, and electrical systems.
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Address any structural concerns, including foundation or framing work.
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Rental Specific Enhancements:
Market Analysis:
Neighborhood Insights:
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Location Benefits:
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Close proximity to schools, shopping centers, parks, and public transportation.
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Easy access to major highways, enhancing convenience for commuters.
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Community Appeal:
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Saint Petersburg is known for its thriving arts scene, waterfront parks, and family-friendly amenities.
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The neighborhood is experiencing growth and revitalization, adding to property appreciation prospects.
Financial Analysis:
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Flip Scenario:
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Purchase Price: $199,900
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Rehab Costs: $60,000
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Total Investment: $259,900
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Projected Sale Price: $320,000
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Estimated Profit (Before Fees): $60,100
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Rental Scenario:
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Purchase Price: $199,900
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Rehab Costs: $45,000
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Total Investment: $244,900
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Monthly Rent Potential: $2,200
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Annual Gross Income: $26,400
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Estimated Cash-on-Cash Return: [Insert Calculation]
Ideal Investment Strategy:
This property is versatile, suitable for both flip and hold strategies:
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Flippers: Benefit from a healthy margin with potential gains of over $60,000.
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Buy and Hold Investors: Enjoy consistent rental income with potential for appreciation over time.
Why Invest in Saint Petersburg?
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The city offers a dynamic real estate market with a mix of tourists, students, and long-term residents.
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It is a prime location for rental investments due to its steady population growth and employment opportunities.
Next Steps:
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Schedule a Viewing: See the property in person to understand its full potential.
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Request More Information: Get detailed reports, including market comps and rehab scope.
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See Pictures “Here”