This is an excellent cash flow opportunity for an investor. The home needs very little work and could be rented as a section 8 or standard rental. The property has fresh paint in and out, new carpet in the bedrooms, and newer windows. Don’t miss out on an opportunity to have a rental with over a 21% gross cap rate. Please see the attached Investor Brochure to see the comps and repair estimate.
Asking Price: $49,900
Rehab Estimate: $6,300
Avg. Rent: $1,072
Note: The property has $6,200.00 in liens from the city for lot clearing that can be removed with the new owner lien release program with the City of St. Petersburg for $250.00.
1940 45th St. S Investor Brochure
