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Paradise Realty FLA
726 75th Avenue N, St Petersburg, FL 33702
- $342,000
- 3
- BD
- 2
- BA
- 1,238
- SqFt
- List Price
- $342,000
- MLS#
- TB8547218
- Bedrooms
- 3
- Bathrooms
- 2
- Sq. Ft
- 1,238
- Lot Size
- 7,623
- Subtype
- Single Family
- County
- Pinellas
- Community
- No Deed Restriction
- Subdivision
- Mullers Sub
- Region
- St Pete
- Year Built
- 1960
Property Description
Strong income-producing opportunity in St. Petersburg. This tenant-occupied 3-bedroom, 2-bathroom single-family home encompasses approximately 1,250 square feet and currently generates $2,710 per month in rental income, the highest monthly rent among the seven single-family assets in the portfolio. An established tenant provides immediate income for an incoming investor. INVESTOR & PORTFOLIO OPPORTUNITY: This property is tenant occupied and is being offered as part of a larger portfolio of income-producing residential properties throughout Pinellas County. The single-family portfolio is being offered at pricing structured to provide an approximately 6.5% capitalization rate based on current rents and portfolio underwriting assumptions. Seller is seeking investor interest in the acquisition of the entire portfolio, although individual offers may also be considered. Please do not disturb tenants.
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Additional Information
- Heating
- Central, Electric
- Cooling
- Central Air
- Roof
- Other
- Sewer
- Public Sewer
- Exterior Features
- None
- Construction
- Block
- Living Area
- 1,238
Listing courtesy of COMPASS FLORIDA LLC. Contact: 727-380-2067