1400 GANDY BLVD N #803, ST PETERSBURG, FL, 33702
$161,000
Residential
Bedrooms
3
Bathrooms
2
Living Area
985 Sqft
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 Details
Property Features Property Features
MLS ID: MFRTB8547225 Year Built: 1986
Appliances: Range, Refrigerator Association Fee Includes: Common Area Taxes, Pool, Maintenance Structure, Maintenance Grounds, Maintenance, Pest Control, Sewer, Trash, Water
Community Features: Buyer Approval Required, Clubhouse, Deed Restrictions, Pool, Sidewalks Construction Materials: Frame
Cooling: Central Air Country: US
County Or Parish: Pinellas Direction Faces: North
Exterior Features: Balcony Flooring: Tile, Vinyl
Foundation Details: Slab Furnished: Unfurnished
Heating: Central, Electric Laundry Features: Inside
Levels: One Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant Pets Allowed: Yes
Pool Features: In Ground Property Sub Type: Condominium
Property Type: Residential Road Surface Type: Asphalt
Roof: Membrane Sewer: Public Sewer
Showing Requirements: Call Listing Agent Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected Water Source: Public
Rooms Rooms
Primary Bedroom: Living Room:
Kitchen:
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