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About this home
2525 37th St S is a 1925-built home in Churchill Grove, St Petersburg. Inside you'll find 4 bedrooms, 1 bathrooms, and 1,345 square feet of living space. Listed at $375,000 (about $279/sqft), 71 days on market. Flood zone AE - confirm flood insurance requirements with your lender.
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. *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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Quick answers.
Price
$375,000
$279 per sq ft
Beds and baths
4 beds, 1 baths
Size
1,345 sq ft
Time on market
71 days
Year built
1925
Monthly payment
About $2,386/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $2,909 annual tax bill, insurance.
Flood zone
Zone AE
That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.
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