(10% CASH-ON-CASH RETURN!) 24-UNIT CONDO PORTFOLIO FOR SALE!

115 112th Ave NE, Saint Petersburg, FL 33716

  • For Sale $4,000,000
  • Property Type Multi-Family
  • Property Size 15,861 SF
  • Units 24
  • Lot Size 0.88 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 50
  • Property Tenancy Multi-Tenant
  • Year Built 1988
  • Year Renovated 2022
  • Date Updated Aug 8, 2024
24-UNIT CONDO PORTFOLIO ACROSS BEAUTIFUL ST. PETERSBURG AND CLEARWATER, FL. TWO OF THE HOTTEST MARKETS IN THE COUNTRY RIGHT NOW!

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Highlights

  • 24-UNIT CONDO PORTFOLIO ACROSS ST.PETE/CLEARWATER AND LARGO, FL!
  • CLASS A UNITS IN CONDO BUILDINGS WITH AMENITIES SUCH AS: POOLS, GYM, CLUBHOUSES, TENNIS COURTS, DINING AREAS AND MUCH MORE!
  • AMAZING SELLER FINANCING TERMS AVAILABLE: DOWN PAYMENT: $1,000,000
  • (YEAR 1 IR: 6%), (YEAR 2 IR: 7%), (YEAR 3 IR: 8%)
  • INTEREST-ONLY PAYMENTS, 3-YEAR BALLOON!
  • 10% CASH-ON-CASH RETURN IN PLACE!
  • 7.6% CAP RATE IN 2025!
  • 12% CASH-ON-CASH RETURN IN 2025! 8% CAP RATE IN 2026!
  • 12.5% CASH-ON-CASH RETURN IN 2026!
  • SEVERELY UNDER-MARKET RENTAL RATES IN PLACE, GIVING THE BUYER MASSIVE UPSIDE!
  • ALL UNITS HAVE BEEN UPDATED IN THE PAST 5 YEARS AND ARE IN FANTASTIC CONDITION!
  • ABILITY TO INCREASE THE RENTAL RATES IMMEDIATELY WITHOUT HAVING TO SPEND MONEY ON CAPEX.
  • EACH PROPERTY HAS AN HOA THAT IS RESPONSIBLE FOR WATER, EXTERIOR BUILDING MAINTENANCE, PROPERTY INSURANCE, ROOF REPAIRS, COMMON AREA MAINTENANCE, MGMT, AND MUCH MORE!

Contacts

broker

David Rosenthal

Grimaldi Commercial Realty Corp.

Location

Getting Around

  • Walk Score ®

    28/100 Car-Dependent

  • Transit Score ®

    27/100 Some Transit

  • Bike Score ®

    34/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Saint Petersburg, FL
  • Neighborhood Brighton Bay
  • Zip Code 33716
  • Market Tampa St Petersburg Clearwater

Points of Interest

  • Economy Parking

    8.68 miles

  • Airside F

    9.15 miles

  • Airside E

    9.29 miles

  • Airside A

    9.30 miles

  • Main Terminal

    9.46 miles

  • Main Terminal

    9.46 miles

  • Airside C

    9.64 miles

  • 7-Eleven

    0.82 miles

  • Mobil

    0.84 miles

  • BP

    1.12 miles

  • RaceTrac

    1.14 miles

  • BP

    1.51 miles

  • 4th Street Gas

    1.55 miles

  • Wawa

    1.70 miles

  • 7-Eleven

    1.89 miles

  • Mobil

    2.05 miles

  • BP

    2.42 miles

  • Picnic Island Parking Area 2

    5.10 miles

  • Picnic Island Parking Area 4

    5.10 miles

  • Picnic Island Parking Space 1

    5.10 miles

  • Picnic Island Canoe Car Parking

    5.13 miles

  • Picnic Island Parking Area 3

    5.13 miles

  • Gandy Park South Parking

    5.65 miles

  • A.L. Palonis Park Parking

    5.79 miles

  • 7th Avenue Parking Garage

    6.75 miles

  • Jackson Street Parking Garage

    6.78 miles

  • Sundial Parking Garage

    7.08 miles

  • Sahara Motel Inc

    0.88 miles

  • Comfort Inn & Suites Northeast - Gateway

    1.44 miles

  • Hilton Saint Petersburg Carillon Park

    2.32 miles

  • Homewood Suites by Hilton

    2.38 miles

  • Saint Petersburg Marriott Clearwater

    2.46 miles

  • King’s Rest Motel 2

    2.46 miles

  • King’s Rest Motel

    2.47 miles

  • The Karol Hotel, Saint Petersburg Clearwater

    2.68 miles

  • Palms Motel

    2.85 miles

  • El Patio Motel

    2.86 miles

  • Dunkin'

    0.43 miles

  • Goodfellas Pizza & Wings

    0.47 miles

  • Cody's Roadhouse

    0.49 miles

  • Thai Wok

    0.49 miles

  • Skyway Jacks

    0.50 miles

  • China Fun

    0.51 miles

  • Sushi Zen

    0.51 miles

  • Chicago Pizza

    0.88 miles

  • Tijuana Flats

    0.88 miles

  • Jersey Mike's Subs

    0.88 miles

  • Pinellas Park Elementary School

    0.46 miles

  • Holy Family School

    2.41 miles

  • Sawgrass Lake Elementary School

    2.65 miles

  • Sawgrass Lake Elementary School

    2.74 miles

  • Lynch Elementary School

    3.05 miles

  • Wee Care Center

    3.24 miles

  • Shore Acres Elementary School

    3.39 miles

  • Canterbury School

    3.47 miles

  • Saint Petersburg Christian School

    3.64 miles

  • Meadowlawn Middle School

    3.69 miles

  • Saint Pete Prep Learning Center

    3.28 miles

  • Shining Starz Preschool

    3.94 miles

  • VPK Center

    5.63 miles

  • Camelot School

    6.23 miles

  • KinderCare

    7.93 miles

  • Abundance Childcare and Learnign Center

    8.06 miles

  • Holy Trinity K-5 School

    8.16 miles

  • La Petite Academy

    9.20 miles

  • New Beginnings Pre-School and Day Care

    9.52 miles

  • La Petite Academy

    9.75 miles

Frequently Asked Questions

How much does (10% CASH-ON-CASH RETURN!) 24-UNIT CONDO PORTFOLIO FOR SALE! cost?

The space currently listed for sale at (10% CASH-ON-CASH RETURN!) 24-UNIT CONDO PORTFOLIO FOR SALE! asks for $4,000,000.

What is the total square footage of (10% CASH-ON-CASH RETURN!) 24-UNIT CONDO PORTFOLIO FOR SALE!?

(10% CASH-ON-CASH RETURN!) 24-UNIT CONDO PORTFOLIO FOR SALE! totals 15,861 square feet.

When was this property built?

(10% CASH-ON-CASH RETURN!) 24-UNIT CONDO PORTFOLIO FOR SALE! was built in 1988.

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Contact Listing Broker

broker

David Rosenthal

Grimaldi Commercial Realty Corp.