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Listing 37 out of 22,032
$5,895,000 St Petersburg, FL 33702
Multi Family Home, 753 sq ft, 44 units, MLS# U7842216
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Description

This 45-unit condo portfolio is fully leased and can be obtained either in its entirety or in smaller blocks of units. Included in this 44 units are 18 units in Itopia and 13 units in Vantage Point. There are also 3 units in Windjammer, two units in Enclave and then single units in Pine Rush Villas, Peppertree Village, Windward Point, and Jamestown all in St. Petersburg. Additionally, there are four units in Sarasota with three in Sarasota Palms and a single unit in Hidden Lake Village. There are 35 One-Bedroom/ One-Bath units, 8 Two-Bedroom/ Two-Bath units and 1 Three-Bedroom/Two-Bath unit. The breakdown on the leases is attached is attached. While expenses were not itemized, the approximate NET CAP was 5.0 which would certainly increase as rents are increased. The owner will also entertain owner financing options.

  • Features
  • Contact Us
  • Property Type: Multi Family Home
  • Sub Type: Multi-Family
  • Listing Status: Active
  • County/Area: Pinellas County
  • Zip Code: 33702
  • Year Built: 1989
  • Sq.Ft.: 753 sq ft
  • Style: Multi-Family (Multi-Family)
  • Units: 44 units
  • Annual Expenses: 261630
  • Annual Net Income: 261630.00
  • Building Area Source: Public Records
  • Community Features: Gated Community, Pool, Sidewalk
  • Construction Materials: Block
  • Cooling: Central Air
  • Country: US
  • Exterior Features: Balcony
  • Gated Community: Yes, See Security Features
  • Gross Income: 523260
  • Heating: Central
  • Parcel Number: 18-30-17-43523-002-0203
  • Parking Features: None, On Street
  • Patio And Porch Features: Covered, Deck, Patio, Porch
  • Roof: Shingle
  • Security Features: Gated Community
  • Tax Year: 2018
  • Total Acreage: Up to 10889 Sq. Ft.
  • Total Actual Rent: 43605
  • Total Monthly Expenses: 21802
  • Total Num Buildings: 45
  • Township: 30
  • Unit Count: 4
  • Utilities: Cable Available, Sprinkler Well
  • Vegetation: Trees/Landscaped
Courtesy of Broderick & Associates Inc

Contact Bill Szydlowski to schedule an appointment or call 813-323-4443

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