Cosmetic Saint Pete Block Flip

Cosmetic Saint Pete Block Flip

3 bed 2 bath 1592 sq ft Built in 1964 Single Family
Login or register to unlock this property’s address.
76
Quality of Comparables
Low High
15 /20
Level of Rehab
Heavy Light
12/20
Location of Neighborhood
Far Close
18/20
Quality of Floor Plan
Choppy Flowing
18/20
School Rating
F A
5/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

This 3-bedroom, 2-bathroom home offers 1,592 square feet of living space on a generous 0.28-acre lot in the established Lakewood Estates area of St. Petersburg. The property benefits from its close proximity to the St. Petersburg Country Club and surrounding golf course, while also offering convenient access to I-275, Downtown St. Pete, local parks, shopping, dining, and the Gulf beaches. The combination of location, lot size, and neighborhood appeal gives this one a strong foundation for an investor looking for a value-add opportunity.

Several major components have already been addressed, including a 2019 roof, 2019 HVAC (HVAC permit is associated with the installation of mini-split systems), plumbing work permitted in 2019, and additional permitting for the windows. With much of the heavier infrastructure already updated, the primary opportunity here is cosmetic. The home needs a well-executed modern design approach throughout, including updated flooring, kitchen, bathrooms, paint, fixtures, lighting, and overall finishes to bring the property in line with today’s buyer expectations.

The upside on this one will come down to execution. With the right renovation plan and a clean, modern finish, an investor has the opportunity to significantly improve the overall presentation and maximize the property’s appeal. The larger lot, golf-course-oriented location, established neighborhood, and completed major system updates make this a strong candidate for a design-driven renovation where the focus can remain on creating a polished final product rather than taking on an extensive structural overhaul.

Ask about this property
Log in/Register to ask about this property.

We recommend flip
Rental Income
$2,900 mo. / $34,800 yr.
Estimated Taxes
$5,800 / yr.
Maintenance
$300 / yr.
HOA Dues
$0 / yr.
$22,716
Projected Income
5.28%
Estimated APY
$81,115
Projected Income
16.94%
Estimated ROI

Comps

 
Listed
 
Pending
 
Sold

Unlock this property’s comps.