$2,700,000

About This Property

DO NOT APPROACH ANY PROPERTY & DISTURB TENANTS CONFIDENTIALITY AGREEMENT REQUIRED FOR ADDITIONAL INFORMATION *This property is part of a portfolio sale* Well-established portfolio of single-family homes in St Petersburg with $299,100 of annual rent per existing leases. Many leases are below market w/ significant rent growth available upon turnover. All properties have had full gut renovations in 2019 and 2020 with new roofs, electricity, plumbing, hvac, kitchens, baths, drywall, cabinets, lighting, spray foam insulation and flooring. These properties have higher end finishes and have been built to last. All properties are located in areas with significant new development activity. This portfolio is best suited for a passive, cash flow oriented investor(s) seeking a stable long term investment in a fast-growing market of St Petersburg, Florida. Property management in place and willing to manage post transaction for 10% of collected rent. Potential buyers must prove financial ability to close and be familiar with valuing properties based on cash flow. Seller will give preference to offers with lower loan to value ratios. Seller may consider seller financing with the right legal structure and a minimum of $1M of cash equity and no other liens. Seller is local, believes in the upside potential of this portfolio, is willing to stay involved, and is selling to facilitate retirement.

infoProperty Details

Property Type

Single Family Residence

Year Built

1988

Living Area

432 sqft

Lot Size

0.07 acres

Bedrooms

2

Bathrooms

2

Ownership

Fee Simple

Days on Market

115

List Date

chairInterior Features

yardExterior & Lot

Listed By

DALTON WADE INC

888-668-8283

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