2525 37th Street S, Gulfport, FL 33711
- $375,000
- 4
- BD
- 1
- BA
- 1,345
- SqFt
- List Price
- $375,000
- Status
- ACTIVE
- Days on Market
- 13
- MLS#
- TB8535635
- Subtype
- Residential
- Style
- Two Story
- Architectural Style
- Bungalow, Craftsman, Florida
- Year Built
- 1925
- Bedrooms
- 4
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 1,345
- Lot Size
- 7,501
- Acres
- 0.17
- Subdivision
- Churchill Grove
- MLS Area Major
- St Pete/Gulfport
Property Description
Incredible opportunity to acquire a fully renovated, turnkey investment property in a highly desirable St. Petersburg submarket. While available individually, this property is preferred as part of a two-property portfolio package alongside its sister property at 1121 10th Ave S (See MLS #TB8535618). This 4-bedroom, 1-bathroom home offers immediate, risk-mitigated cash flow on day one. The property is fully occupied by a stable tenant at $3,150/month (leased through 2/28/2027), providing secure, government-backed rental income. The asset has undergone an extensive luxury overhaul, featuring a custom attic conversion that creates a spacious 4th bedroom. Major capital expenditures have already been completed, including a 3-ton HVAC system, roof repairs, removal of an unsafe garage structure, and a brand-new paver patio. The high-end interior boasts new marble-look tile flooring throughout, a beautifully upgraded kitchen with Calacatta granite countertops, a waterfall edge breakfast bar, decorative LED pendant lighting, separate dining room, and stainless steel appliances with french door refrigerator, dishwasher and in-unit washer/dryer. With no HOA and the tenant handling all utilities and lawn care, this is a premium, hands-off investment. Package Sister Property Details (1121 10th Ave S): Features a 3-bed / 1.5-bath layout, a $2,715/month lease through 3/31/2027, and premium updates located in Flood Zone X. Combined, the full portfolio delivers a total NOI of $41,930 at a 6.08% blended cap rate. Pictures are from after renovations, but before current tenants moved in, buyers to verify all information.
Additional Information
- Interior Features
- Ceiling Fans(s), Eat-in Kitchen, Primary Bedroom Main Floor, Solid Wood Cabinets, Stone Counters, Walk-In Closet(s), Window Treatments
- Exterior Features
- Lighting, Private Entrance, Private Mailbox, Private Yard, Rain Gutters, Sidewalk
- Financing
- Cash, Conventional, FHA, Other, VA Loan
- Location
- Landscaped, Sidewalk, Paved
- Community Features
- No Deed Restriction
- Property Description
- Two Story
- Appliances
- Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
- Heating
- Electric
- Air Conditioning
- Central Air
- Exterior Construction
- Vinyl Siding, Frame
- Exterior Features
- Lighting, Private Entrance, Private Mailbox, Private Yard, Rain Gutters, Sidewalk
- Stories
- 2
- Levels
- Two
- Roof
- Shingle
- Foundation
- Other, Slab
- Parking
- Ground Level, Off Street
- Parking Features
- Ground Level, Off Street
- Garage Features
- Ground Level, Off Street
- View
- City, Garden
Listing courtesy of KELLER WILLIAMS REALTY PORTFOLIO COLLECTION. 727-489-0800
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