Cosmetic St Pete Flip

Cosmetic St Pete Flip

3 bed 2 bath 988 sq ft Built in 1953 Single Family
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71
Quality of Comparables
Low High
17 /20
Level of Rehab
Heavy Light
15/20
Location of Neighborhood
Far Close
15/20
Quality of Floor Plan
Choppy Flowing
13/20
School Rating
F A
4/10
Placement in Neighborhood
Busy Calm
7/10
Property Details

Located within one of St. Petersburg's most desirable mid-county corridors, this investment opportunity benefits from strong surrounding fundamentals and consistent buyer demand. The property's central location provides convenient access to downtown St. Petersburg, Tampa, Clearwater, the Gulf beaches, Interstate 275, and major employment centers throughout Pinellas County. Continued infrastructure investment, economic development initiatives, and employment growth within the Tampa Bay market continue to support long-term housing demand in the area.

The major capital expenditures have already been addressed, with the roof, HVAC system, and water heater all replaced in 2017. This significantly reduces investor risk and allows renovation dollars to be focused where they create the highest return. The remaining opportunity is primarily cosmetic, providing investors the ability to modernize finishes, kitchens, bathrooms, flooring, fixtures, and design elements to meet today's 2026 buyer expectations.

The surrounding buyer pool consistently rewards updated, move-in-ready homes, particularly within established St. Petersburg neighborhoods that offer accessibility, convenience, and lifestyle appeal. With the major mechanical systems already in place, investors can focus on maximizing value through cosmetic improvements while positioning the property to attract a strong and proven retail buyer base.

This is a true cosmetic value-add opportunity in a market supported by employment growth, infrastructure investment, retail expansion, and continued demand throughout the Tampa Bay region.

 

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We recommend flip
Rental Income
$1,800 mo. / $21,600 yr.
Estimated Taxes
$3,800 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$12,900
Projected Income
5.17%
Estimated APY
$49,505
Projected Income
17.66%
Estimated ROI

Comps

 
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Sold

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