Great Cash Flowing St Petersburg Property w/ 12.75% Net Cap Rate

Pinellas County, St. Petersburg, FL, 33712
Sold
Listed at: April 27th, 2023
Price
$299,000
ARV
$330,000
Gross Margin
$31,000
Sq. Footage
1400
Type
Single-Family
Parking
Driveway
Year build
1958
Lot size
2566.00 sqft
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

TURN KEY PROPERTY IN

ST PETERSBURG, FL


Unit 1- 2 Bedrooms 1 Bath

Unit 2- 2 Bedrooms 1 Bath


Newly Updated - Interior/Exterior paint, new appliances, new flooring throughout, updated fixtures and vanities


$1,700 Rent Each Unit w/ 6 Month Lease in Place


PRICE $299,000


BUY IT NOW $305,000


Sold AS-IS, Cash/Private lender, closing & EMD held at Old Tampa Bay Title, Buyer pays all closing costs for buyers and sellers, Seller has an equitable interest in this property and is advertising the sale of this interest.

Escrow - $5,000

ALL DEALS ARE CASH OR HARD-MONEY


Annual Rent $40,800

Property Taxes $1,491

Insurance $1,200


NET CAP RATE 12.75%




Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

MIchael Notbohm

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Disposition manager