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Saint Petersburg, FL

Multi-Family Home For Sale

Saint Petersburg, FL  House For Sale - MLS #U7842216
$5,500,000
Multi-Family
5+ Family
44
This listing is courtesy of Steve Logemann from Broderick & Associates Inc

Property Description for Saint Petersburg, FL

This 44-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.

Interior Details

Exterior Details

Street Parking

Other Details

U7842216
1989
Community
$43,605
Cable Available; Sprinkler Well
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Town Description

St. Petersburg (often shortened to St. Pete or The Burg) is a city in Pinellas County, Florida, United States long known as a vacation destination for both American and foreign tourists. As of 2008,...

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