Ed Artico - Coldwell Banker Ackley

Description

This 45-unit condo portfolio is fully leased and can be obtained either in its entirety or in smaller blocks of units. Included in this 44 units are 18 units in Itopia and 13 units in Vantage Point. There are also 3 units in Windjammer, two units in Enclave and then single units in Pine Rush Villas, Peppertree Village, Windward Point, and Jamestown all in St. Petersburg. Additionally, there are four units in Sarasota with three in Sarasota Palms and a single unit in Hidden Lake Village. There are 35 One-Bedroom/ One-Bath units, 8 Two-Bedroom/ Two-Bath units and 1 Three-Bedroom/Two-Bath unit. The breakdown on the leases is attached is attached. While expenses were not itemized, the approximate NET CAP was 5.0 which would certainly increase as rents are increased. The owner will also entertain owner financing options.

Details

MLS#U7842216
Sub-TypeResale
StatusPending
Year1989
Days On Site348

Features

SQ Feet753
Units44
Building(s)45

Market Activity 33702

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Area Information

StateFL
CountyPinellas
CityST PETERSBURG
Zip Code33702
Area33702 - St Pete
Listing VS Median (in 33702)
Price:
$5,595,000
low | high
Med:
$195,000
100% of Average
SqFt:
753
low | high
Med:
1,252
16.268260292165% of Average
$ / SqFt:
$7,430
low | high
Med:
$156
100% of Average
On Site:
348
low | high
Med:
20
100% of Average
Listing Updated: 12/17/2018
MLS Number: U7842216
Listing Provided By:
Steve Logemann  of  Broderick Associates Inc

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