Listing ID : W7850030
-
Beds
3 -
Baths
1/0 -
Structure / Lot Size
1,248 Sqft / 4,791 Sqft -
Year
1988
Description
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 $204,000 of annual rent per existing leases. Many leases are below market w/ significant rent growth available upon turnover. 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. Seller is local, believes in the upside potential of this portfolio, is willing to stay involved, and is selling to facilitate retirement.
Details
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Area Information 33701
Population:
53.47%Female
63.94%Rented
15.2%Vacant
6.84%Associate
29.43%Bachelor
23.2%Graduate
Tax Assessments
Value
- Land -
- Improvements -
- Total $155,775
Property Tax
- 2022 $2,823
History
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