Contacts
David Rosenthal
Grimaldi Commercial Realty Corp.
Property Details
- Property Type Multi-Family
- Property Size 15,861 SF
- Units 24
- Lot Size 0.88 Acre
- Additional Rent Contact for pricing
- Parking Spaces Avail. 50
- Property Tenancy Multi-Tenant
- Year Built 1988
- Year Renovated 2022
- Date Updated Oct 30, 2024
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Highlights
- 24-UNIT CONDO PORTFOLIO ACROSS ST.PETE/CLEARWATER AND LARGO, FL!
- CLASS A UNITS IN CONDO BUILDINGS WITH AMENITIES SUCH AS: POOLS, GYM, CLUBHOUSES, TENNIS COURTS, DINING AREAS AND MUCH MORE!
- AMAZING SELLER FINANCING TERMS AVAILABLE: DOWN PAYMENT: $1,000,000
- (YEAR 1 IR: 6%), (YEAR 2 IR: 7%), (YEAR 3 IR: 8%)
- INTEREST-ONLY PAYMENTS, 3-YEAR BALLOON!
- 10% CASH-ON-CASH RETURN IN PLACE!
- 7.6% CAP RATE IN 2025!
- 12% CASH-ON-CASH RETURN IN 2025! 8% CAP RATE IN 2026!
- 12.5% CASH-ON-CASH RETURN IN 2026!
- SEVERELY UNDER-MARKET RENTAL RATES IN PLACE, GIVING THE BUYER MASSIVE UPSIDE!
- ALL UNITS HAVE BEEN UPDATED IN THE PAST 5 YEARS AND ARE IN FANTASTIC CONDITION!
- ABILITY TO INCREASE THE RENTAL RATES IMMEDIATELY WITHOUT HAVING TO SPEND MONEY ON CAPEX.
- EACH PROPERTY HAS AN HOA THAT IS RESPONSIBLE FOR WATER, EXTERIOR BUILDING MAINTENANCE, PROPERTY INSURANCE, ROOF REPAIRS, COMMON AREA MAINTENANCE, MGMT, AND MUCH MORE!
Attachments
Getting around
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28/100
Walk Score ®
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27/100
Transit Score ®
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34/100
Bike Score ®
Location
- City Saint Petersburg, FL
- Neighborhood Brighton Bay
- Zip Code 33716
- Market Tampa St Petersburg Clearwater
Points of Interest
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Rental Car Center
8.51 miles
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Airside F
9.15 miles
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Airside E
9.29 miles
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Airside A
9.30 miles
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Main Terminal
9.38 miles
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Airside C
9.64 miles
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7-Eleven
0.82 miles
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Mobil
0.84 miles
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BP
1.12 miles
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RaceTrac
1.14 miles
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4th Street Gas
1.55 miles
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Wawa
1.70 miles
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Tesla Supercharger
3.44 miles
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ChargePoint
6.36 miles
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J1772 Charger
7.02 miles
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Nova Charge
7.05 miles
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Picnic Island Parking Area 2
5.10 miles
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Picnic Island Parking Area 4
5.10 miles
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Picnic Island Parking Space 1
5.10 miles
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Picnic Island Canoe Car Parking
5.13 miles
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Picnic Island Parking Area 3
5.13 miles
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Gandy Park South Parking
5.65 miles
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A.L. Palonis Park Parking
5.79 miles
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22nd Avenue Park & Ride
5.94 miles
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7th Avenue Parking Garage
6.75 miles
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Jackson Street Parking Garage
6.78 miles
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Sahara Motel Inc
0.88 miles
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Comfort Inn & Suites Northeast - Gateway
1.44 miles
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Hilton Saint Petersburg Carillon Park
2.32 miles
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Homewood Suites by Hilton
2.38 miles
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Saint Petersburg Marriott Clearwater
2.46 miles
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King’s Rest Motel 2
2.46 miles
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King’s Rest Motel
2.47 miles
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The Karol Hotel, Saint Petersburg Clearwater
2.68 miles
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Palms Motel
2.85 miles
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El Patio Motel
2.86 miles
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Winn-Dixie
0.51 miles
-
Publix
1.01 miles
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Target
2.08 miles
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TJ Maxx
2.10 miles
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Bealls
2.21 miles
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Big Lots
3.28 miles
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Bealls Outlet
3.29 miles
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Rutland Plaza
3.29 miles
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Pinch a Penny
3.41 miles
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Walmart Supercenter
3.83 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
David Rosenthal
Grimaldi Commercial Realty Corp.