Sarasota's Premier Homes

1400 GANDY BOULEVARD N 803

ST PETERSBURG, FL 33702

MLS#: TB8547225

$161,000

Status: Active
Listing number: TB8547225
Listing provided by: COMPASS FLORIDA LLC
Listing agent phone: None
Last update: 3 days ago
On site: 4 days ago
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WINDJAMMER CONDO - Residential

Property

Beds

3

Full Baths

2

1/2 Baths

None

Year Built

1986

Sq.Footage

985

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.

Features & Amenities

Interior

  • Total Bedrooms

    3

  • Bathrooms

    2

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central, Electric

  • Pet friendly

    Yes

Exterior

  • Garage

    No

  • Construction Materials

    Frame

  • Other Exterior Features

    Balcony

  • Pool

    Yes

  • Pool Features

    In Ground

  • Waterfront YN

    NO

Area & Lot

  • Property Type

    Residential

  • Property Sub Type

    Condominium

Price

  • Sales Price

    $161,000

  • Tax Amount

    $3,428.3

  • Sq. Footage

    985

  • Price/SqFt

    $163

HOA

  • Association

    YES

  • Association Fee

    $725

  • Association Fee Frequency

    Monthly

  • Association Fee Includes

    N/A

  • Total Monthly Fees

    $725

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    1

  • New Construction

    NO

  • Foundation Details

    Slab

  • Ownership

    Condominium

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    0

  • Water Source

    Public

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Location

County

Pinellas

Elementary School

Middle School

High School

Listing Courtesy of Zach Steinberger, COMPASS FLORIDA LLC

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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.

1400 GANDY BOULEVARD N 803

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