St Petersburg, FL 33702

$5,895,000
753
SqFt
List Price
$5,895,000
Status
Active
Days on Market
529
Price Change
▲ $300,000 1548910550
MLS#
U7842216
Property Style
Multi-Family
Year Built
1989
Living Area
753
Total Acreage
Up to 10,889 Sq. Ft.
MLS Area Major
St Pete

Property Description

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.

Additional Information

Taxes
$1291
Annual Gross Income
523260
Community Features
Gated Community, Pool, Sidewalk, No Deed Restriction
Utilities
Cable Available, Sprinkler Well
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Block
Exterior Features
Balcony
Roof
Shingle
Pool
Community
Garage Carport
None
Garage Features
None, On Street
Flood Zone Code
AE
Parcel ID
18-30-17-43523-002-0203
Legal Description
ITOPIA PRIVATE RESIDENCES CONDO BLDG 2, UNIT 203

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Broderick & Associates Inc.

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