Light Rehab in North St. Pete 🏝️🤑🤑🤑🤑🤑AIRBNB CRAZY RETURNS🤑🤑🤑🤑🤑 🏝️

Description

Presenting a beautiful, stilted home in North St. Petersburg that is currently being utilized as an AirBnB property. This single-family home is slightly under 1,400 square feet and features three bedrooms and two bathrooms. The exterior boasts ample parking space and a spacious deck. The interior features tile flooring throughout, granite counter tops and solid wood cabinets in the kitchen, and a screened-in Florida room. Although the property has several updates already, we recommend replacing the current kitchen appliances with a new stainless steel appliance package, updating both of the bathrooms, and adding a coat of fresh paint to the interior, exterior, and deck. We also recommend replacing some of the light fixtures with newer, more modern ones that will compliment the features of the property.

There are several strong comparable properties in the area that support an ARV of slightly under $500k after updates. While the property may require some updates and renovation work to unlock its full potential, this presents an opportunity to add value and tailor the space to your investment goals. On the other hand, the property could also be purchased with the intent of using it as a short-term rental property. Currently, the property can rent out for $271 per night and with an occupancy rate of 53%, the gross annual income is $52k!

In conclusion, this property is in a great location and has several potential exit strategies. Comparable properties in the immediate surrounding area sell in under 30 days! As such, we anticipate this property will move quickly.