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Description
Income-producing condominium opportunity in St. Petersburg with an established tenant currently generating $2,000 per month in rental income. The property provides investors with immediate in-place income while retaining the flexibility to be purchased independently of the broader portfolio. The property is being marketed individually at $170,000. INVESTOR & PORTFOLIO OPPORTUNITY: This property is tenant occupied and is being offered individually while also being available for inclusion in a larger portfolio of income-producing residential properties throughout Pinellas County. Portfolio pricing has been structured around an approximately 6.5% capitalization rate based on current rents, applicable association expenses and portfolio underwriting assumptions. Seller is seeking investor interest in the acquisition of the larger portfolio while preserving the opportunity to sell this property individually at market value. Please do not disturb tenants.
Property Highlights
Property Type: Residential - Condominium
Cooling: Central Air
Heating: Central, Electric
Roof Type: Membrane
Stories: 1.0
Taxes: $3,428
Year Built: 1986
General Information
Bedrooms: 3
Bathrooms: 2 Full
Sqft: 985
County: Pinellas
Subdivision: WINDJAMMER CONDO
Listed By:
Zach Steinberger
COMPASS FLORIDA LLC
727-380-2067
MLS ID: TB8547225
Amenities
Ceiling Fans(s)
Balcony
Property Features
Appliances: Range, Refrigerator
Community Features: Buyer Approval Required, Clubhouse, Deed Restrictions, Pool, Sidewalks
Days on Site: 1
Directions: From 1400 Gandy Blvd N, condo is on the left.
Exterior: Frame
Flood Zone Code: AE
Flooring: Tile, Vinyl
Foundation: Slab
HOA Fee: 725/ Monthly
HOA Y/N: Yes
Home Warranty Y/N: No
Ownership: Condominium
Pets Allowed: Yes
Pets Restrictions: Verify with HOA
Pets Weight (Max): 100
Pool: In Ground
Property Attached Y/N: No
Property Sub-Type: Condominium
Sewer: Public Sewer
Showing Instructions: Call Listing Agent
Special Sale Provisions: None
Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
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1400 Gandy Boulevard N, Unit 803, Saint Petersburg, FL 33702.
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Estimated Payment
$ 875.65 per month $543.03 Principal & Interest $285.67 Property Tax $46.96 Homeowner's InsuranceChange Payment Information
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