1835 16th st s, saint petersburg, FL 33705

This listing is NOT a foreclosure. A stabilized PadSplit co-living property in St. Petersburg's 33705 corridor, producing $65,000 to $85,00 in gross annual revenue with an identifiable path to more. The structure operates as six private rooms, each with its own bathroom and keypad-entry door, sharing a renovated common kitchen and dining area outfitted with white shaker cabinets, stainless steel appliances, and a full washer and dryer. LVP flooring runs throughout, crown molding gives each common space a finished feel, and a covered front porch signals the kind of curb appeal that holds quality tenants.nStep inside and the hallway tells the story quickly: numbered doors, smart locks, and a consistent finish level from front to back that keeps turnover low and occupancy high. Currently five of six rooms are filled at $280 per week, with flexible lease terms ranging from two months to two years and weekly rent collection built into the PadSplit platform. Full occupancy - the historical norm - puts gross revenue north of $87,000 annually.nThe common living room, which tenants rarely use, is the upside. Converting that space to a seventh bedroom adds approximately $14,500 in addition...

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al annual gross revenue while preserving the kitchen, dining area, and laundry. The bones are already there; it is a straightforward conversion with meaningful return.nPositioned minutes from downtown St. Petersburg, the St. Pete Pier, Bayfront Health, and I-275 access to Tampa, this address draws working adults who need flexible lease terms and a connected location. Demand in this corridor is consistent, the PadSplit model keeps collections systematic, and the property transfers in stabilized, turnkey condition.This MLS Resale home is a single family home located in SAINT PETERSBURG. It offers 0.13 acres in size, 6 beds and 7 baths. Review its detailed information and determine if this SAINT PETERSBURG MLS Resale has the qualities you are looking for.  

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This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.