Contact Property

THE COREY (7-UNIT APARTMENT COMPLEX) SELLER FINANCING AVAILABLE! - Availability Details

600 Corey Ave, Saint Petersburg, FL 33706

  • For Sale $899,000
  • City Saint Petersburg
  • Neighborhood Corey Ave
  • Zip Code 33706
  • Market Tampa St Petersburg Clearwater
  • Property Type Multi-Family
  • Property Size 4,200 Sqft
  • Lot Size 0.12 Acre
  • Parking Spaces Avail. 13
  • Property Tenancy Multi-Tenant
  • Year Built 1954
  • Year Renovated 2019
  • Date Updated 14 May, 2021
THIS 7 UNIT APARTMENT BUILDING IS LOCATED STEPS FROM THE WATER ON BEAUTIFUL ST. PETERSBURG BEACH!
read more read less

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Location

  • City Saint Petersburg, FL
  • Neighborhood Corey Ave
  • Zip Code 33706
  • Market Tampa St Petersburg Clearwater

Contacts

broker

David Rosenthal

Grimaldi Commercial Realty Corp

(813) 882-0884

Highlights

  • APPROXIMATE DEBT SERVICE AS LOW AS $1,402 PER MONTH, WHEN USING THE SELLER FINANCING CURRENTLY AVAILABLE!
  • 7-UNIT APARTMENT COMPLEX STEPS FROM THE WATER ON ST. PETE BEACH!
  • 100% OCCUPIED!
  • 14% CASH-ON-CASH RETURN!
  • 10%+ CAP RATE!
  • AMAZING SELLER FINANCING AVAILABLE!
  • APPROXIMATE TERMS:
  • 525K DOWN
  • 4.5%, INTEREST ONLY
  • 5-YEAR BALLOON
  • EXTREMELY LOW RENTAL RATES, GIVING THE BUYER MASSIVE UPSIDE!
  • ALL TENANTS ARE ON SHORT-TERM LEASES, ALLOWING A BUYER TO IMMEDIATELY RAISE THE RENTAL RATES TO INCREASE THEIR NOI INSTANTLY!
  • CURRENT RENTAL RATES ARE APPROXIMATELY $100 PER WEEK BELOW THE CURRENT MARKET RATE!
  • CONCRETE BLOCK CONSTRUCTION
  • NEW ROOF WHICH WAS REPLACED IN 2015!

Attachments

Contact Listing Broker

broker

David Rosenthal

Grimaldi Commercial Realty Corp

(813) 882-0884

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.