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4625 Xenia Street N

SAINT PETERSBURG, FL 33714

– beds
– baths
2,158 sqft
6,212 sqft lot
$301 per sqft
1953 build
– on site

Welcome to your next income-producing investment opportunity! This property presents an exceptional chance to secure a steady return with an impressive 11% Cap Rate post-operating expenses. Comprising two units on a single lot, this investment gem offers versatility and stability. The primary unit boasts a spacious layout featuring 5 bedrooms and 3 bathrooms, while the secondary unit offers 4 bedrooms and 2 bathrooms. Currently operating under a group living model, the property is fully stabilized with a 100% occupancy rate. Each occupant enjoys the luxury of their own individual sleeping quarters equipped with a TV, promoting privacy and comfort. Common areas include well-appointed kitchen and laundry spaces, fostering a sense of community among tenants. TWO other buildings adjacent are also available for purchase-each also with a 11% cap rate. Recently renovated to the highest standards, this property exudes modern elegance and functionality. Highlights of the renovation include premium vinyl flooring, sleek stainless steel appliances, luxurious quartz countertops, glass shower enclosures, and the convenience of in-unit washer/dryer setups. Furthermore, the units come fully furnished, complete with TVs, ensuring an attractive offering for tenants seeking convenience and style. This investment opportunity is tailored for passive income seekers, with streamlined management processes in place for your peace of mind. An online booking platform facilitates tenant reservations, while an experienced management company handles all on-the-ground operations, from maintenance requests to tenant inquiries. With a robust Cap Rate of 11%, this investment is not only lucrative but also inclusive of all associated fees. From Padsplit marketing and portal expenses to on-the-ground management services, utilities (including WiFi), taxes, and insurance – everything is comprehensively covered. Don't miss out on this turnkey investment opportunity offering both exceptional returns and hassle-free management. Take advantage of the potential for long-term financial growth and schedule your viewing today!

Listing courtesy of STELLAR_MLS / HOMAN REALTY GROUP INC

Last checked: Checking… • Last updated May 6, 2024 •

MLS# T3522135 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1953
New Construction:

false
Construction Materials:

Wood Frame
# of Buildings:

2
Building Area Total:

3666
Levels:

One
Roof:

Shingle
Foundation Details:

Slab

Interior

Interior Features:

Eating Space In Kitchen
Additional Rooms:

Inside Utility
Flooring:

Ceramic Tile
Fireplace:

false

Room Dimensions

Living Area:

2158
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

Take the exit toward St Petersburg onto I-275 S (SR-93). Go for 13.3 mi. Then 13.3 miles Take exit 26 toward 54th Ave N/Kenneth City/US-19/Lealman onto 54th Ave N. Go for 0.5 mi. Then 0.5 miles Turn left onto Haines Rd N (SR-689). Go for 0.3 mi. Then 0.3 miles Turn right onto 24th St N. Go for 0.3 mi. Then 0.3 miles Turn right onto 46th Ave N. Go for 223 ft. Then 0.04 miles Turn right onto Xenia St N. Go for 203 ft. Then 0.04 miles 4625 Xenia St N St Petersburg, FL 33714-3210
Latitude:

27.814398
Longitude:

-82.665749
Coordinates:

-82.665749, 27.814398

The Property

Parcel Number:

023116486360010230
Property Type:

Residential Income
Property Subtype:

Multi Family
Lot Size Acres:

0.14
Lot Size SqFt:

6212
Lot Size Area:

6212
Lot Size Units:

Square Feet
Zoning:

R-3
Exterior Features:

Fenced
Water Source:

Public
Total Acres:

0 to less than 1/4
Road Surface Type:

Asphalt
Flood Zone Code:

A
Flood Zone Panel:

12103C0208J

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

23
Tax Block:

1
Tax Book Number:

9-135
Tax Annual Amount:

4284
Tax Legal Description:

LAKESIDE SUB BLK 1, LOT 23 & S 1/2 OF LOT 22

The Listing

Virtual Tour URL Branded:

https://my.matterport.com/show/?m=bQcRqNLiVVP&brand=0&mls=1&
Virtual Tour URL Unbranded:

https://my.matterport.com/show/?m=bQcRqNLiVVP&brand=0&mls=1&
Special Listing Conditions:

None
Buyer's Brokerage Compensation:

2%

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Cable Connected
Sewer:

Public Sewer

Appliances

Appliances:

Dryer
Laundry Features:

Common Area

The Community

Subdivision Name:

LAKESIDE SUB
Senior Community:

false
Water View:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

false

Extra Units

# of Units Total:

9

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/26/24 Apr 26, 2024	Listed / Active	STELLAR_MLS	$650,000	316.7% (16.8% / YR)
6/23/05 Jun 23, 2005		STELLAR_MLS	$156,000

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This multifamily located in Harris Park, St. Petersburg, FL 33714 is currently for sale for $650,000. 4625 Xenia Street N is a 2,158 square foot multifamily with – beds and – baths that has been on Estately for 11 days. 4625 Xenia Street N is in the Harris Park neighborhood of St. Petersburg and has a WalkScore® of 49, making it car-dependent. This multifamily is in the attendance area of Northeast High School, Meadowlawn Middle School, and Lealman Avenue Elementary School.

Listing Courtesy of: STELLAR_MLS and HOMAN REALTY GROUP INC.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.