$5,895,000 Not Disclosed St Petersburg, FL

MLS: U7842216   Type: Income   County: Pinellas   City: St Petersburg   Area: St Pete   Zip: 33702   Style: Multi-Family     Taxes: $1,377

Mortgage $27,676 /mo



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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.

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Price History

1/5/2018 Listed $5,500,000

Community Features Gated Community, Pool, Sidewalk
Garage Y/N No
MLS Area 33702 - St Pete
Property SubType Multi-Family
Property Type Residential Income
Security Features Gated Community
Senior Community Y/N No
Terms Cash, Conventional, Private Financing Available
Total Num Buildings 45
Total Units 44
Township 30

Interior Features

Cooling Central Air
Heating Central
Unit Count 4
Utilities Cable Available, Sprinkler Well

Exterior Features

Carport Y/N No
Construction Materials Block
Exterior Features Balcony
Lot Dimensions 00
Lot Size Acres 0.00
Lot Size Square Feet 0
Parking Features None, On Street
Patio/Porch Features Covered, Deck, Patio, Porch
Private Pool Y/N No
Roof Shingle
Vegetation Trees/Landscaped
Water Access Y/N No
Water Extras Yn No
Water View Y/N No
Waterfront Feet Total 0
Waterfront Y/N No

Property Schools

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Gallery (21 photos)

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Property vs Zip Code Avg (33702)

Price 5.89M Avg 1.09M

Sqr Feet 753 Avg 1,750

Cost / Sqr Ft $7,829 Avg $624

Taxes $1,377 Avg $3,148

Visits 2,246 Avg 355

Days on Site 564 Avg 180

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Listing Provided Courtesy Of: Broderick & Associates Inc

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Location & Address

shaista mughal
6735 Conroy Windermere Rd. Suite 209,
Dr. Phillips, FL