1400 GANDY BOULEVARD Unit# 803, Saint Petersburg, Florida, 33702
$161,000
985 Sqft
3 bd
2 ba
#TB8547225
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 FEATURES
- Utilities : Cable Connected, Electricity Connected, Sewer Connected, Water Connected
- Water Access : 0
- Sewer : Public Sewer
- Road Surface Type : Asphalt
PROPERTY DETAILS
ID: TB8547225
Status: Active
Price: $161,000
Type: Other
Address: 1400 GANDY BOULEVARD Unit# 803
City, State: Saint Petersburg, Florida
County: Pinellas
Zip Code: 33702
Lat/Long: 27.855021, -82.653383
Call
NEARBY PROPERTIES AROUND PINELLAS COUNTY
These properties have been added to favorites!
These properties have been removed from favorites!