Listing Details for MLS # TB8432566
801 18th Street S, St Petersburg, Fl 33712

Residential Property - Single Family Residence in St Petersburg

Listing Price: $215,000Days on Market: 1

Description of Property

TURNKEY INVESTMENT PROPERTY - EXCEPTIONAL SINGLE-FAMILY RENTAL. This well-maintained 3-bedroom, 1-bathroom home offers immediate cash flow with an established, reliable tenant in place. Perfect for investors seeking a hassle-free addition to their portfolio. PROPERTY HIGHLIGHTS: Monthly Rental Income: $2,127 (Annual: $25,524). Stable Tenancy: Section 8 voucher recipient with annual lease agreement. Move-in Ready: Tenant occupied and cash-flowing from day one. RECENT MAJOR UPDATES: Newer Roof - Long-term protection and peace of mind. Updated HVAC System. Newer Water Heater. Complete Cosmetic Renovations - Fresh updates inside and out. INVESTMENT ADVANTAGES: Guaranteed Income through Section 8 program. Low Maintenance with recent major system updates. Established Rental History with quality tenant. Strong Rental Market in desirable St. Petersburg area. LOCATION BENEFITS: Situated in the sought-after 33705 area of St. Petersburg, this property benefits from the city's continued growth and urban revitalization. The area has shown consistent property value appreciation with the local rental market remaining strong, supported by St. Petersburg's expanding job market and cultural attractions. FINANCIAL PERFORMANCE: Gross Annual Income: $25,524. Immediate Cash Flow from established tenancy. Section 8 Program provides rental payment security. Recent Updates minimize future capital expenditures. IDEAL FOR: Buy-and-Hold Investors seeking stable returns. First-Time Rental Property buyers (turnkey ready). Portfolio Diversification with single-family residential. 1031 Exchange opportunities. Out-of-State Investors wanting hands-off management. This property represents a rare opportunity to acquire a fully-updated, income-producing single-family home with immediate positive cash flow. The combination of recent major improvements, established Section 8 tenancy, and prime St. Petersburg location creates an exceptional investment opportunity. Key Investment Metrics: Stable monthly income of $2,127. Recent capital improvements completed. Reliable tenant with government-backed rental assistance. Growing market with strong fundamentals. Don't miss this turnkey investment opportunity - Quality cash-flowing properties with established tenants are increasingly rare in today's competitive market!The average asking price for a 3 bedroom/1 bath single family residence in this Zip code is $266,037. This single family residence is listed at about 81% of the average asking price. There are 7 3 bedroom/1 bath homes between $100,000 and $300,000 currently listed for sale in this Zip code. See other listings like this one »