About 626 31st Street S
Turnkey Investment Opportunity | Cash-Flowing Single-Family Home in St. Petersburg's Thriving Grand Central District
Immediate Income. Zero Hassle. Prime Location.
Discover a rare, tenant-occupied investment property that combines strong cash flow with recent capital improvements and an established, reliable tenant. This well-maintained 4-bedroom, 1-bathroom single-family home is your gateway to hassle-free passive income in one of St. Petersburg's most desirable and rapidly evolving neighborhoods.
Investment at a Glance
Monthly Rental Income: $2,372 | Annual Income: $28,464
This property is currently tenant-occupied with a Sec. 8 voucher holder with an annual lease, ensuring government-backed rental payment security and immediate cash flow from day one. No vacancy, no turnover costs, no waiting—just instant returns.
Recent Major Capital Improvements
Your investment is protected with comprehensive recent updates that minimize future capital expenditures and maximize long-term value:
? Newer Roof – Long-term protection and structural integrity
? Updated HVAC System – Energy-efficient climate control
? Newer Water Heater – Reliable hot water supply
These major system upgrades provide peace of mind and reduce maintenance concerns, allowing you to enjoy predictable cash flow without the burden of immediate capital outlays.
Why This Investment Stands Out
Established Tenancy: Quality tenant already in place with a proven rental history—no tenant placement costs or learning curve.
Low Maintenance Profile: Recent updates to all major systems mean fewer repair calls and lower operational expenses.
Strong Market Fundamentals: St. Petersburg's 33705 area continues to show consistent property value appreciation, supported by urban revitalization, an expanding job market, and growing cultural attractions.
Location, Location, Location
Situated in the heart of the vibrant Grand Central District, this property benefits from one of St. Petersburg's most exciting neighborhood transformations. This eclectic area seamlessly blends historic charm with modern urban energy, featuring:
Walkable Arts & Culture Scene – Galleries, murals, and creative spaces
Trendy Dining & Entertainment – Chef-driven restaurants, craft breweries, and unique boutiques
St. Pete Paddle and Social Club – Just blocks away! State-of-the-art indoor facility with 14 pickleball courts, 2 Padel courts, 6 table tennis tables, plus restaurant and bar
Jim and Heather Gills YMCA Expansion – Major upgrades, including relocated athletic fields with artificial turf, expanded parking with a 600-space covered garage, and updated amenities
Upcoming Whitney Village – Exciting pedestrian-only development featuring 380 apartments, 50 residential units, and 32,000 sq. ft. of retail space—creating a vibrant new community hub
Unbeatable Connectivity:
10 minutes to Beach Drive and Downtown St. Pete
20 minutes to award-winning Gulf Coast beaches
Under 30 minutes to Tampa International Airport
The Bottom Line
This is more than just a rental property—it's a fully optimized income-generating asset in a high-growth market. With $2,372 in monthly cash flow, major systems already updated, an established tenant providing stability, and a location positioned in the path of St. Petersburg's continued revitalization, this home represents an exceptional opportunity to acquire a quality investment that performs from day one.
