1400 GANDY N BOULEVARD 803, ST PETERSBURG, FL 33702
Share Listing
Listing Type
Condo/Townhome
Listing Status
Active
16
$161,000
Home Details for 1400 GANDY N BOULEVARD 803
Price
$161,000
Type
Residential
Bedrooms
3
Total Bathrooms
2
Full Bathrooms
2
Square feet
985
Year built
1986
County
Pinellas
Total rooms
3
MLS Listing#
TB8547225
Hoa
725
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.