1835 16TH STREET S, St Petersburg, FL 33705

Located in St. Petersburg's 33705 corridor, this stabilized PadSplit co-living property generates between $65,000 and $85,000 in gross annual revenue. The property features six private rooms, each equipped with its own bathroom and keypad-entry door. A renovated common kitchen and dining area includes white shaker cabinets, stainless steel appliances, and a full washer and dryer. LVP flooring extends throughout the property, and crown molding enhances the common spaces. A covered front porch adds to the curb appeal. Inside, numbered doors, smart locks, and consistent finishes contribute to low turnover and high occupancy. Currently, five of the six rooms are occupied at $280 per week, with flexible lease terms ranging from two months to two years and weekly rent collection managed through the PadSplit platform. Historical full occupancy has resulted in gross revenue exceeding $87,000 annually. The property includes a common living room that presents an opportunity for conversion into a seventh bedroom, potentially adding approximately $14,500 in additional annual gross revenue while preserving the kitchen, dining area, and laundry. The property is located minutes from downtown St. Petersburg, the St. Pete Pier, Bayfront Health, and I-275 access to Tampa. The property is 2,112 square feet and sits on a 0.13-acre lot. This location is attractive to working adults seeking flexible lease terms and a convenient location. The property is in stabilized, turnkey condition.