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About this home
1121 10th Ave S is a 1925-built home in Serviss Sub, St Petersburg. Inside you'll find 3 bedrooms, 2 bathrooms, and 1,020 square feet of living space. Listed at $315,000 (about $309/sqft), 74 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
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 2525 37th St S (See MLS# TB8535635). This 3-bedroom, 1.5-bathroom home offers immediate, risk-mitigated cash flow on day one. The property is fully occupied by a stable tenant at a premium rate of $2,715/month (leased through 3/31/2027), providing secure, government-backed rental income. The asset has undergone extensive, high-end renovations, resulting in nearly zero deferred maintenance for the next owner. The home has passed multiple rigorous housing inspections. Upgrades include a new 2.5-ton HVAC system, roof repairs, whole-house fumigation with warranty, and a new concrete driveway and patio. The interior features a stunning full kitchen buildout with custom cabinetry, Quartz countertops, new stainless steel appliances including dishwasher and washer/dryer, recessed LED lighting, chandelier, and premium remote-controlled fans. A beautifully upgraded bathroom includes luxury fixtures, LED vanity, and custom shower with premium tile to the ceiling. Located in Flood Zone X (no flood insurance typically required) with zero HOA fees and a tenant who is responsible for all utilities and lawn care. Package Sister Property Details (2525 37th St S): Features a 4-bed / 1-bath layout, a $3,150/month lease through 2/28/2027, custom attic conversion, and high-end finishes. Combined, the full portfolio delivers a total NOI of $41,930 at a 6.08% blended cap rate. This is a true hassle-free, stabilized addition to any portfolio. *This listing offers a one-point-lender-paid rate buydown for qualifying buyers. Pictures are from after renovations, but before current tenants moved in, buyers to verify all information.
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$315,000
$309 per sq ft
Beds and baths
3 beds, 2 baths
Size
1,020 sq ft
Time on market
74 days
Year built
1925
Monthly payment
About $2,148/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $4,175 annual tax bill, insurance.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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