- For Sale $1,750,000
- Property Type Multi-Family
- Property Size 6,048 SF
- Units 8
- Lot Size 0.45 Acre
- Parking Spaces Avail. 30
- Property Tenancy Multi-Tenant
- Year Built 1966
- Year Renovated 2023
- Date Updated Apr 4, 2024
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Attachments
Highlights
- 8-UNIT APARTMENT COMPLEX LOCATED IN BEAUTIFUL GULFPORT, FL!
- 100% OCCUPIED!
- MASSIVE UPSIDE AS THE CURRENT RENTAL RATES ARE APPROXIMATLY $300 BELOW THE MARKET AVERAGE!
- SELLER FINANCING AVAILABLE; APPROX. TERMS: $950,000 DOWN, 4% FIXED IR, INTEREST-ONLY PAYMENTS, 3-YEAR BALLON!
- 8-UNIT APARTMENT COMPLEX LOCATED IN BEAUTIFUL GULFPORT, FL!
- 100% OCCUPIED!
- MASSIVE UPSIDE AS THE CURRENT RENTAL RATES ARE APPROXIMATELY $300 BELOW THE MARKET AVERAGE!
- SELLER FINANCING AVAILABLE; APPROX. TERMS: $950,000- $900,000 DOWN, 4% FIXED IR, INTEREST-ONLY PAYMENTS, 3YEAR BALLON!
- 2024 CASH-ON-CASH RETURN: 10% 2025 CAP RATE: 8% 2025 CASH-ON-CASH RETURN: 11% 2026 CASH-ON-CASH RETURN: 12% THE PROPERTY WAS RECENTLY RENOVATED IN 2023 AND IS IN EXCELLENT CONDITION! NEW COURTYARD AND LAUNDRY FACILITIES WERE ADDED IN 2O23!
- ROOFS REPLACED IN 2018 AND 2022!
- HVAC SYSTEMS REPLACED IN 2021 AND 2023! EACH UNIT HAS ITS OWN BACKYARD AND ONSITE PARKING!
False
Contacts
Location
Getting Around
-
Walk Score ®
64/100
Somewhat Walkable
-
Transit Score ®
40/100
Some Transit
-
Bike Score ®
97/100
Biker's Paradise
- City St Petersburg, FL
- Neighborhood Pasadena Vista
- Zip Code 33710
- Market Tampa St Petersburg Clearwater
Points of Interest
-
Shell
0.46 miles
-
Wawa
1.27 miles
-
Mobil
1.35 miles
-
Shell
1.38 miles
-
7-Eleven
1.40 miles
-
Exxon
1.47 miles
-
Shell
1.51 miles
-
Speedway
1.72 miles
-
Citgo
2.00 miles
-
Rally
2.12 miles
-
T.H.E. Insurance Parking
2.07 miles
-
Bilmar Parking
2.12 miles
-
Island Inn Parking
2.15 miles
-
Lot 8
3.74 miles
-
Lot 6
3.76 miles
-
Lot 4
3.79 miles
-
lot 2
4.83 miles
-
Lot 3
4.90 miles
-
Lot 4
4.92 miles
-
Lot 1
4.95 miles
-
Valley Forge Motel
0.36 miles
-
Crystal Bay Hotel
0.44 miles
-
Parafise Inn
1.45 miles
-
Malyn Condo Motel
1.88 miles
-
Lorelei Resort
2.06 miles
-
Westwinds
2.06 miles
-
Bahir Mar
2.08 miles
-
Suncoast Beach Villas
2.10 miles
-
Suncoast Motel
2.10 miles
-
Sea Horse Cottages
2.10 miles
-
Checkers
0.46 miles
-
NY Cafe
0.53 miles
-
Hungry Howie's
0.59 miles
-
Kay's Family Restaurant
0.67 miles
-
Five Guys
0.77 miles
-
Pei Wei
0.80 miles
-
Jimmy John's
0.81 miles
-
Chipotle
0.81 miles
-
Paolo's Pizza & Subs
0.90 miles
-
Leverock's
0.97 miles
-
Pasadena School
0.29 miles
-
Pasadena Fundamental Elementary School
0.29 miles
-
Saint Petersburg College Gibbs Campus
0.31 miles
-
Saint Petersburg Collegiate High School
0.31 miles
-
Farragut Academy
0.60 miles
-
Pinellas Marine Institute
0.64 miles
-
Azalea Elementary School
0.88 miles
-
Saint Petersburg Christian School
0.91 miles
-
Florida Christian School
1.02 miles
-
Bear Creek Elementary School
1.26 miles
-
VPK Center
4.59 miles
-
Shining Starz Preschool
5.90 miles
-
Saint Pete Prep Learning Center
7.14 miles
-
New Beginnings Pre-School and Day Care
8.12 miles
-
Camelot School
8.22 miles
-
KinderCare
9.82 miles
-
Abundance Childcare and Learnign Center
9.85 miles
Frequently Asked Questions
What is the lease rate for GULFPORT GARDENS FOR SALE! (10% CASH-ON-CASH RETURN!)?
Rental asking rate at GULFPORT GARDENS FOR SALE! (10% CASH-ON-CASH RETURN!) is $875,000.00/YR.
What is the total square footage of GULFPORT GARDENS FOR SALE! (10% CASH-ON-CASH RETURN!)?
GULFPORT GARDENS FOR SALE! (10% CASH-ON-CASH RETURN!) totals 6,048 square feet.
When was this property built?
GULFPORT GARDENS FOR SALE! (10% CASH-ON-CASH RETURN!) was built in 1966.
Looking for more in-depth information on this property?
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
Contact Listing Broker
