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 Details
- Interior
- Ceiling Fans(s)
- Heating
- Central, Electric
- Cooling Features
- Central Air
- Bedrooms
- 3
- Bathrooms
- 2.0
- Full Baths
- 2
- Stories
- 1
- Pool Description
- In Ground
- Pool Features
- In Ground
- Exterior Materials
- Balcony
- Pool Shared
- 1
- Acres
- 0.0
- Square Feet
- 985.0
- Property Type
- Purchase
- Year Built
- 1986
- Foundation
- Slab
- Roof
- Membrane
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Cable Connected, Electricity Connected, Sewer Connected, Water Connected
- Appliances
- Range, Refrigerator
- Subdivision
- WINDJAMMER CONDO
- Community Features
- Buyer Approval Required, Clubhouse, Deed Restrictions, Pool, Sidewalks
- County
- Pinellas
- Region
- ST PETERSBURG
- Original List Price
- $161,000
- Days on Market (Cumulative)
- 2
- Taxes Annual
- $3,428
- HOA
- 1
- HOA Fees
- 725.0
- Ownership
- Condominium
- MLS #
- TB8547225
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Hari Pallempati | WATERSEDGE REALTY GROUP, LLC
Provided By
Listed by Zach Steinberger (#MFR260047075)
Listing Office: COMPASS FLORIDA LLC (#MFR260033445)
