Renegotiated St. Pete Block Flip

Renegotiated St. Pete Block Flip

3 bed 2 bath 1336 sq ft Built in 1952 Single Family
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67
Quality of Comparables
Low High
17 /20
Level of Rehab
Heavy Light
5/20
Location of Neighborhood
Far Close
18/20
Quality of Floor Plan
Choppy Flowing
12/20
School Rating
F A
6/10
Placement in Neighborhood
Busy Calm
9/10
Property Details

This stellar fix-and-flip opportunity is located in the red-hot city of St. Petersburg. Priced just below assessed value, this home is in a sought-after area near Lake Maggiore on a quiet street. There was no flood or hurricane damage after Milton. The property is just minutes away from Downtown St. Petersburg, Gulfport, major hospitals, and I-275.

This solid block 3-bedroom, 2-bathroom home offers a blank canvas for the savvy investor, with interior walls in the bedrooms removed and some demolition already initiated. We recommend a full renovation, including a new roof, HVAC system, kitchen, bathrooms, and paint, to achieve maximum return on investment.

Although extensive updates are needed, the location and price point make this property a standout. With comparable properties in the area selling for around $400,000, the potential for a solid return is clear. Don’t miss this chance to transform a diamond in the rough into a valuable asset, and call your EquityPro Advisor today.

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We recommend flip
Rental Income
$2,500 mo. / $30,000 yr.
Estimated Taxes
$3,254 / yr.
Maintenance
$1,000 / yr.
HOA Dues
$0 / yr.
$20,746
Projected Income
9.21%
Estimated APY
$93,475
Projected Income
34.43%
Estimated ROI

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