Contacts
David Rosenthal
Grimaldi Commercial Realty Corp.
(813) 882-0884
Property Details
- Property Type Multi-Family
- Property Size 6,048 SF
- Units 8
- Lot Size 0.45 Acre
- Parking Spaces Avail. 30
- Property Tenancy Multi-Tenant
- Year Built 1966
- Year Renovated 2023
- Date Updated Apr 4, 2024
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Highlights
- 8-UNIT APARTMENT COMPLEX LOCATED IN BEAUTIFUL GULFPORT, FL!
- 100% OCCUPIED!
- MASSIVE UPSIDE AS THE CURRENT RENTAL RATES ARE APPROXIMATLY $300 BELOW THE MARKET AVERAGE!
- SELLER FINANCING AVAILABLE; APPROX. TERMS: $950,000 DOWN, 4% FIXED IR, INTEREST-ONLY PAYMENTS, 3-YEAR BALLON!
- 8-UNIT APARTMENT COMPLEX LOCATED IN BEAUTIFUL GULFPORT, FL!
- 100% OCCUPIED!
- MASSIVE UPSIDE AS THE CURRENT RENTAL RATES ARE APPROXIMATELY $300 BELOW THE MARKET AVERAGE!
- SELLER FINANCING AVAILABLE; APPROX. TERMS: $950,000- $900,000 DOWN, 4% FIXED IR, INTEREST-ONLY PAYMENTS, 3YEAR BALLON!
- 2024 CASH-ON-CASH RETURN: 10% 2025 CAP RATE: 8% 2025 CASH-ON-CASH RETURN: 11% 2026 CASH-ON-CASH RETURN: 12% THE PROPERTY WAS RECENTLY RENOVATED IN 2023 AND IS IN EXCELLENT CONDITION! NEW COURTYARD AND LAUNDRY FACILITIES WERE ADDED IN 2O23!
- ROOFS REPLACED IN 2018 AND 2022!
- HVAC SYSTEMS REPLACED IN 2021 AND 2023! EACH UNIT HAS ITS OWN BACKYARD AND ONSITE PARKING!
Attachments
Getting around
-
64/100
Walk Score ®
-
40/100
Transit Score ®
-
97/100
Bike Score ®
Location
- City St Petersburg, FL
- Neighborhood Pasadena Vista
- Zip Code 33710
- Market Tampa St Petersburg Clearwater
Points of Interest
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Shell
0.46 miles
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Wawa
1.27 miles
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Mobil
1.35 miles
-
Shell
1.38 miles
-
7-Eleven
1.40 miles
-
Exxon
1.47 miles
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Shell
1.51 miles
-
Speedway
1.72 miles
-
Citgo
2.00 miles
-
Rally
2.12 miles
-
T.H.E. Insurance Parking
2.07 miles
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Bilmar Parking
2.12 miles
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Island Inn Parking
2.15 miles
-
Lot 8
3.74 miles
-
Lot 6
3.76 miles
-
Lot 4
3.79 miles
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lot 2
4.83 miles
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Lot 3
4.90 miles
-
Lot 4
4.92 miles
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Lot 1
4.95 miles
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Valley Forge Motel
0.36 miles
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Crystal Bay Hotel
0.44 miles
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Parafise Inn
1.45 miles
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Malyn Condo Motel
1.88 miles
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Lorelei Resort
2.06 miles
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Westwinds
2.06 miles
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Bahir Mar
2.08 miles
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Suncoast Beach Villas
2.10 miles
-
Suncoast Motel
2.10 miles
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Sea Horse Cottages
2.10 miles
-
Earth Origins Market
0.49 miles
-
Publix
0.82 miles
-
Bealls Outlet
0.96 miles
-
Michael's Arts and Crafts
0.98 miles
-
Marshalls
0.99 miles
-
TJ Maxx
0.99 miles
-
Ross
1.02 miles
-
Publix
1.06 miles
-
Winn-Dixie
1.13 miles
-
Hitchcock's Green Market
1.19 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.
(813) 882-0884