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    1835 16th Street S
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    PRICED AT ONLY: $625,000

    Address: 1835 16th Street S, ST PETERSBURG, FL 33705

    Description

    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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    •   Principal & Interest -
    •   Property Tax $
    •   Home Insurance $
    •   HOA Fees $
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    • MLS#: TB8493145 ( Commercial Sale )
    • Street Address: 1835 16th Street S
    • Viewed: 26
    • Price: $625,000
    • Price sqft: $271
    • Waterfront: No
    • Year Built: 2023
    • Bldg sqft: 2304
    • Days On Market: 38
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    Features
    Building and Construction
    • Covered Spaces: 0.00
    • Living Area: 2112.00
    • Roof: Shingle
    Garage and Parking
    • Garage Spaces: 0.00
    • Open Parking Spaces: 0.00
    Eco-Communities
    • Water Source: Public
    Utilities
    • Carport Spaces: 0.00
    • Cooling: Central Air
    • Heating: Central
    • Road Frontage Type: City Street
    • Sewer: Public Sewer
    • Utilities: BB/HS Internet Capable, Electricity Available, Public, Water Connected
    Finance and Tax Information
    • Home Owners Association Fee: 0.00
    • Insurance Expense: 0.00
    • Net Operating Income: 0.00
    • Other Expense: 0.00
    • Tax Year: 2025
    Other Features
    • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
    • Country: US
    • Legal Description: FRUITLAND HEIGHTS BLK E, LOT 23
    • Levels: One
    • Area Major: 33705 - St Pete
    • Parcel Number: 25-31-16-29664-005-0230
    • Views: 26

    Contact Info

    1. We are the World
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