6301 23RD STREET, Saint Petersburg, Florida, 33702
$250,000
1,195 Sqft
2 bd
2 ba
#TB8547222
Unique opportunity to acquire a tenant-occupied St. Petersburg townhome offering both immediate rental income and compelling underlying real estate value. The residence features 2 bedrooms, 2 bathrooms and approximately 1,195 square feet and is currently leased at $2,014 per month. The property is being marketed individually at $250,000, providing flexibility for buyers interested in the property as a standalone acquisition. 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: TB8547222
Status: Active
Price: $250,000
Type: Other
Address: 6301 23RD STREET
City, State: Saint Petersburg, Florida
County: Pinellas
Zip Code: 33702
Lat/Long: 27.830216, -82.663673
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