Turnkey Investment Opportunity | Cash-Flowing Single-Family Home in St. Petersburg's Thriving Grand Central | Palmetto Park District
Immediate Income. Zero Hassle. Prime Location.
Discover a rare, tenant-occupied investment property that combines strong cash flow with recent capital improvements and an established, reliable tenant. This well-maintained 4-bedroom, 1-bathroom single-family home is your gateway… Read More to hassle-free passive income in one of St. Petersburg's most desirable and rapidly evolving neighborhoods.
Investment at a Glance
Monthly Rental Income: $2,372 | Annual Income: $28,464
This property is currently tenant-occupied with a Sec. 8 voucher holder with an annual lease, ensuring government-backed rental payment security and immediate cash flow from day one. No vacancy, no turnover costs, no waiting—just instant returns.
Recent Major Capital Improvements
Your investment is protected with comprehensive recent updates that minimize future capital expenditures and maximize long-term value:
*Newer Roof – Long-term protection and structural integrity
*Updated HVAC System – Energy-efficient climate control
*Newer Water Heater – Reliable hot water supply
These major system upgrades provide peace of mind and reduce maintenance concerns, allowing you to enjoy predictable cash flow without the burden of immediate capital outlays.
Why This Investment Stands Out
Established Tenancy: Quality tenant already in place with a proven rental history—no tenant placement costs or learning curve.
Low Maintenance Profile: Recent updates to all major systems mean fewer repair calls and lower operational expenses.
Strong Market Fundamentals: St. Petersburg's 33712 area continues to show consistent property value appreciation, supported by urban revitalization, an expanding job market, and growing cultural attractions.
Location, Location, Location
Situated in the heart of the vibrant Grand Central District, this property benefits from one of St. Petersburg's most exciting neighborhood transformations. This eclectic area seamlessly blends historic charm with modern urban energy, featuring:
Walkable Arts & Culture Scene – Galleries, murals, and creative spaces
Trendy Dining & Entertainment – Chef-driven restaurants, craft breweries, and unique boutiques
St. Pete Paddle and Social Club – Just blocks away! State-of-the-art indoor facility with 14 pickleball courts, 2 Padel courts, 6 table tennis tables, plus restaurant and bar
Jim and Heather Gills YMCA Expansion – Major upgrades, including relocated athletic fields with artificial turf, expanded parking with a 600-space covered garage, and updated amenities
Upcoming Whitney Village – Exciting pedestrian-only development featuring 380 apartments, 50 residential units, and 32,000 sq. ft. of retail space—creating a vibrant new community hub
Unbeatable Connectivity:
10 minutes to Beach Drive and Downtown St. Pete
20 minutes to award-winning Gulf Coast beaches
Under 30 minutes to Tampa International Airport
The Bottom Line
This is more than just a rental property—it's a fully optimized income-generating asset in a high-growth market. With $2,372 in monthly cash flow, major systems already updated, an established tenant providing stability, and a location positioned in the path of St. Petersburg's continued revitalization, this home represents an exceptional opportunity to acquire a quality investment that performs from day one. Read Less
Courtesy of INSTA REAL ESTATE SOLUTIONS 813-586-0654
Listing Snapshot
Days Online
2
Last Updated
Property Type
Single Family Residence
Beds
4
Full Baths
1
Square Ft.
990
Lot Size
0.13 Acres
Year Built
1957
MLS Number
TB8437866
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
Range, Refrigerator
Building
Built in 1957, Living area: 990, Living area units: Square Feet, Building faces West, 1 storey, Levels: One, Construction Materials: Block
Cooling
Central Air
Exterior Features
Sidewalk
Floors
Ceramic Tile
Foundation
Slab
Heating
Central, Electric
Interior Features
Primary Bedroom Main Floor
Laundry
Outside
Lot
0.13 acres, Dimensions: 45x124
Roof
Built-Up
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 23-31-16-14778-091-0060, Public Survey Range: 16, Public Survey Section: 23, Annual Amount: $3,022.02, Tax Block: 9A, Tax Book Number: 22-58, Legal Description: CHANDLER'S REPLAT BLK 9A, LOT 6, Lot: 6, Year: 2024
Utilities
Cable Available, Electricity Available, Public, Sewer Available, Water Available
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Listings courtesy of Stellar MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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