
A stabilized PadSplit co-living property in St. Petersburg's 33705 corridor, producing $65,000 to $85,000 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 cov...A stabilized PadSplit co-living property in St. Petersburg's 33705 corridor, producing $65,000 to $85,000 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.Step 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.The common living room, which tenants rarely use, is the upside. Converting that space to a seventh bedroom adds approximately $14,500 in additional annual gross revenue while preserving the kitchen, dining area, and laundry. The bones are already there; it is a straightforward conversion with meaningful return.Positioned 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.
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Agency Name: KELLER WILLIAMS GULF BEACHES
Agency Contact: murraycoleman@kw.com
Agent Name: Troy Walseth
Presented by
Agency Title: The Keyes Company
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1835 16th Street S, Saint Petersburg, FL 33705.
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