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$299,000

For Sale - Active
711 19th Ave S, Saint Petersburg, FL 33705
2 Beds
2 Baths
1,048 Square Feet
0.14 Acres Lot
Built in 1958
For Sale - Active
1 Units
Checked: 13 hours ago
Updated: Jul 26, 2025 at 06:04AM

Investment Summary


Monthly Cash Flow
-$154
Cap Rate
5.5%
Cash-on-Cash Return
-2.7%
Debt Coverage Ratio
0.90
Internal Rate of Return (5 years)
1.4%

Property Description


0.14 Acres Lot
Built in 1958
For Sale - Active
1 Units

One or more photo(s) has been virtually staged. Back on the market and move-in ready! This fully renovated 2-bedroom, 2-bathroom home is located on a picturesque brick street just steps from Bartlett Park—one of St. Pete’s largest and most dynamic green spaces, offering extensive recreational amenities and community programs. Professionally renovated with all work permitted, this home features a brand-new water heater, full home re-plumb, a new electrical panel, and extensive electrical updates. The HVAC system (2009) has been recently serviced and runs like new, and the 2012 roof remains in excellent condition following a recent inspection. A 4-point inspection was completed after all updates, and the report is available upon request. Inside, you’ll find luxury vinyl plank flooring throughout, impact-resistant windows, and a bright, open layout with new drywall, ceilings, and modern lighting. The kitchen stands out with updated cabinetry, countertops, select stainless steel appliances, and a sleek black marble hex tile backsplash. Both bathrooms have been stylishly remodeled, and the laundry area has been relocated to its own dedicated space. Step outside to enjoy a fully fenced backyard with mature shade trees, a cozy concrete patio, and plenty of room to relax or entertain. A one-car carport and extra driveway parking add to the home’s convenience. Located near Bartlett Lake, which is slated for a multi-million-dollar city-funded improvement project to enhance water quality and stormwater systems, this home sits in a rapidly appreciating neighborhood. Plus, it's located within the St. Pete Community Redevelopment Area (CRA), making eligible buyers potentially qualified for up to $75,000 in down payment and closing cost assistance through a 0% interest, forgivable loan. Don’t miss your chance to own a beautifully updated home in one of St. Pete’s fastest-growing areas—schedule your showing today!

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Location


Property Details


Parking

  • Description: Carport
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Block
  • Roof Type: Gable
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 303117312840030110
  • Lot Size: 6111 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1958

Tax Information

  • Annual Tax: $25

Utilities

  • Water & Sewer: None
  • Heating: Electric
  • Cooling: Central Air

Location

  • County: Pinellas

Listing Details


Listed by:
Mustafa Lakadawala
CLARKE REALTY LLC
(386) 538-6200

Source:
Stellar MLS
MLS#: TB8400033
Stellar MLS

Investment Summary


Monthly Cash Flow
-$154
Cap Rate
5.5%
Cash-on-Cash Return
-2.7%
Debt Coverage Ratio
0.90
Internal Rate of Return (5 years)
1.4%

Purchase Details

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Purchase price:
$299,000
Amount financed:
-$239,200
Down payment:
$59,800
Closing costs:
$8,970
Rehab costs:
$0
Initial cash invested:
$68,770
Square feet:
1,048
Cost per square foot:
$285
Monthly rent per square foot:
$1.91

Financing Details

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Loan amount:
$239,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,532
Property tax:
$2
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,674

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (0%)
0%-$2-$25
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$502-$6,025

Cash Flow


Monthly Yearly
Net operating income:
$1,378 $16,536
Mortgage payments:
-$1,532 -$18,384
Cash flow:
$154 $1,848