(13% 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
  • Parking Spaces Avail. 50
  • Property Tenancy Multi-Tenant
  • Year Built 1988
  • Year Renovated 2022
  • Date Updated Apr 16, 2025
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

  • 13% CASH-ON-CASH RETURN IN 2026!
  • 13% CASH-ON-CASH RETURN IN PLACE!
  • 24-UNIT CONDO PORTFOLIO ACROSS ST.PETE/CLEARWATER AND LARGO, FL!
  • 8% CAP RATE IN 2025!
  • 8.4% CAP RATE IN 2026!
  • 9% CAP RATE IN 2027!
  • ABILITY TO INCREASE THE RENTAL RATES IMMEDIATELY WITHOUT HAVING TO SPEND MONEY ON CAPEX.
  • ALL UNITS HAVE BEEN UPDATED IN THE PAST 5 YEARS AND ARE IN FANTASTIC CONDITION!
  • 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!
  • EACH PROPERTY HAS AN HOA THAT IS RESPONSIBLE FOR WATER, EXTERIOR BUILDING MAINTENANCE, PROPERTY INSURANCE, ROOF REPAIRS, COMMON AREA MAINTENANCE, MGMT, AND MUCH MORE!
  • SEVERELY UNDER-MARKET RENTAL RATES IN PLACE, GIVING THE BUYER MASSIVE UPSIDE!

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

  • Rental Car Center

    8.51 miles

  • Airside F

    9.15 miles

  • Airside E

    9.29 miles

  • Airside A

    9.30 miles

  • Main Terminal

    9.38 miles

  • Airside C

    9.64 miles

  • 7-Eleven

    0.82 miles

  • Mobil

    0.84 miles

  • BP

    1.12 miles

  • RaceTrac

    1.14 miles

  • 4th Street Gas

    1.55 miles

  • Wawa

    1.70 miles

  • Tesla Supercharger

    3.44 miles

  • ChargePoint

    6.36 miles

  • J1772 Charger

    7.02 miles

  • Nova Charge

    7.05 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

  • 22nd Avenue Park & Ride

    5.94 miles

  • 7th Avenue Parking Garage

    6.75 miles

  • Jackson Street Parking Garage

    6.78 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

  • 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

  • EpiCenter at Saint Petersburg College

    5.08 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

  • Educated Minds Academy

    9.23 miles

  • New Beginnings Pre-School and Day Care

    9.52 miles

Frequently Asked Questions

How much does (13% CASH-ON-CASH RETURN!) 24-UNIT CONDO PORTFOLIO FOR SALE! cost?

The space currently listed for sale at (13% CASH-ON-CASH RETURN!) 24-UNIT CONDO PORTFOLIO FOR SALE! asks for $4,000,000.

What is the total square footage of (13% CASH-ON-CASH RETURN!) 24-UNIT CONDO PORTFOLIO FOR SALE!?

(13% CASH-ON-CASH RETURN!) 24-UNIT CONDO PORTFOLIO FOR SALE! totals 15,861 square feet.

When was this property built?

(13% 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.

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