Tenant-occupied condominium investment opportunity in St. Petersburg generating $2,150 per month in current rental income. With an established tenant already in place, the property offers immediate income while also providing the flexibility of an individual resale. The property is being marketed individually at $200,000. INVESTOR & PORTFOLIO OPPORTUNITY: This property… Read More 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. Read Less
Courtesy of COMPASS FLORIDA LLC 727-380-2067
Listing Snapshot
Days Online
25
Last Updated
Property Type
Condominium
Beds
3
Full Baths
2
Square Ft.
1,180
Year Built
1974
MLS Number
TB8547224
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
Cooktop, Range, Refrigerator
Building
Built in 1974, Living area: 1180, Living area units: Square Feet, Building faces North, 1 storey, Levels: One, Construction Materials: Block
Community
Buyer Approval Required, Deed Restrictions, Pool, Tennis Court(s)
Cooling
Central Air
Exterior Features
Balcony
Floors
Tile, Vinyl
Foundation
Slab
Heating
Central, Electric
Home Owner's Association
Association Fee: $641, Fee Frequency: Monthly, Fee Includes: Common Area Taxes, Pool, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance, Pest Control, Sewer, Trash, Water
Interior Features
Ceiling Fans(s)
Laundry
Inside
Pets Policy
Allowed: Yes
Pool
In Ground
Roof
Membrane
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 18-30-17-94108-029-1010, Public Survey Range: 17, Public Survey Section: 18, Annual Amount: $3,102.36, Tax Book Number: 33-11, Legal Description: VILLAGE LAKE CONDO BLDG 10775, UNIT 101 TOGETHER WITH THE USE OF PARKING SPACE 335, Year: 2025
Utilities
Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Water Source: Public
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