1400 Gandy Boulevard N Unit 803, St Petersburg, FL 33702
- $161,000
- 3
- BD
- 2
- BA
- 985
- SqFt
- List Price
- $161,000
- MLS#
- TB8547225
- Bedrooms
- 3
- Bathrooms
- 2
- Sq. Ft
- 985
- Subtype
- Condo
- County
- Pinellas
- Community
- Buyer Approval Required, Clubhouse, Deed Restrictions, Pool, Sidewalks
- Subdivision
- Windjammer Condo
- Region
- St Pete
- Year Built
- 1986
Property Description
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.
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Additional Information
- Hoa Fee
- $725
- Hoa Freq
- Monthly
- Heating
- Central, Electric
- Cooling
- Central Air
- Roof
- Membrane
- Sewer
- Public Sewer
- Exterior Features
- Balcony
- Community Features
- Buyer Approval Required, Clubhouse, Deed Restrictions, Pool, Sidewalks
- Construction
- Frame
- Living Area
- 985
- Pool
- Yes
- Pets Allowed
- Yes
Listing courtesy of COMPASS FLORIDA LLC. Contact: 727-380-2067