Pinellas Park - Park Blvd and 54th Street

[Maxwell Lee]

Hi, 

Just wondering how this area is. What's the outlook moving forward the next 5 or even 10 years?

My wife bought a property here in 2005, close to but not quite at the peak (She got an insane offer in '07 and regrets not selling) after a catastrophic burst it has slowly regained value and now seems to be worth around 80% of its original purchase price. It essentially breaks even with the mortgage at the moment and should be paid off in several years, but I'm curious to know whether we should look to sell soon or not. 

Thanks in advance!!

[Patrick L.]

Originally posted by @Maxwell Lee:

@Brandon M. Thanks shot you a PM. 

@Jeff Tallard Thanks for your thoughts!

@Colin Mooney Is South St Pete filled with bad tenants? I'm not sure I totally follow your train of thought here. 

 South St Pete isn't "filled" with bad tenants but many parts of St Pete south of central are pretty rough, especially until you get south of 26th Ave S.   There are areas you can drive through that most people wouldn't be willing to get out of the car.   That being said I own about 30 properties in the "south side" and I have some great tenants that have been with me for years, my average tenant stays 3.5 years.   It's an area that requires a hands on approach to managing and screening as well as careful purchasing because you really have to take it block by block....there are blocks where they sell drugs with impunity and there are blocks dominated by owner occupants that have been there for 30 years that won't let any of that crap happen in front of their houses.