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115 112th Ave NE
Saint Petersburg, FL 33716 Brighton Bay

$3,995,000 USD

Specialty For Sale • 1,058 SF

Property Details

Property Type Specialty
Total Building Size 1,058 SF
Lot Size 21.85 AC
Building Class C
Year Built 1988
Zoning RO-P

30 Transit Score

34 Walk Score

                
                    Highlights
                
                                24-UNIT CONDO PORTFOLIO ACROSS ST.PETE/CLEARWATER AND LARGO, FL! 
                            
                                SELLER FINANCING TERMS : DOWN PAYMENT: $650,000 (YEAR 1 IR: 6%), (YEAR 2 IR: 7%), (YEAR 3 IR: 8%) INTEREST-ONLY PAYMENTS, 3- 5 YEAR BALLOON!
                            
                                14% CASH-ON-CASH RETURN IN PLACE!  15.5% CASH-ON-CASH RETURN IN 2026! 8% CAP RATE IN 2026! 16.1% CASH-ON-CASH RETURN IN 2027!
                            
                                ALL UNITS HAVE BEEN UPDATED IN THE PAST 5 YEARS AND ARE IN FANTASTIC CONDITION!
                            
                                SEVERELY UNDER-MARKET RENTAL RATES IN PLACE, GIVING THE BUYER MASSIVE UPSIDE! 
                            
                                EACH PROPERTY HAS AN HOA THAT IS RESPONSIBLE FOR WATER, EXTERIOR BUILDING MAINTENANCE, PROPERTY INSURANCE, ROOF REPAIRS, COMMON AREA MAINTENANCE, MGMT

Property Flyers

(14% Cash-On-Cash Return) 24-Unit Conodo Portfolio For Sale!

Amenities

Property Manager on Site
Tennis Court
Waterfront
Wheelchair Accessible
Car Charging Station
Air Conditioning

Public Transportation

Airport	Drive	Walk	Distance
St Pete-Clearwater International	16 min	-	6.5 mi
Tampa International	20 min	-	12.2 mi
Sarasota/Bradenton International	58 min	-	40.4 mi

David Rosenthal 813-245-7333 Grimaldi Commercial Realty Corp.

115 112th Ave NE Saint Petersburg, FL 33716 Brighton Bay