For Professionals
St Petersburg, Pinellas, Florida, 33702, USA
Multi Family, MLS#: U7842216

Contact:     Steve Logemann,  Broderick & Associates Inc
fax: 727-541-6187,  
Office: 727-544-1403

MLS#: U7842216
Commercial for sale, Multi Family

Property Size: 753 sqft (69.954 m2)

City:  St Petersburg 
County:  Pinellas 
State:  Florida 
ZIP Code:  33702 
Country:  USA 

Virtual Tour

List Price: $5,500,000


Property Details
Year Built: 1989
Construction: Block
Property Features: Porch, Patio, Covered Patio, Balcony
Security Features: Gated Community
Heating System: Central
Cooling System: Central AC
Telecommunication: Cable Available
Roofing: shingle
Association/Community Features Description: Swimming Pool, Gated community
Parking / Garage
Parking type : On Street
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. 

All information is deemed reliable but is not guaranteed and should be verified by personal inspection or with the appropriate professionals.
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The listings were last updated on: 2018-05-21