726 75th Avenue N, St Petersburg, FL 33702

$342,000
3
BD
2
BA
1,238
SqFt

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List Price
$342,000
MLS#
TB8547218
Status
ACTIVE
Type
Single Family Residential
County
Pinellas
City
St Petersburg
Subdivision
Mullers Sub
Bedrooms
3
Bathrooms
2
Living Area
1,238
Acres
0.18

Property Description

Strong income-producing opportunity in St. Petersburg. This tenant-occupied 3-bedroom, 2-bathroom single-family home encompasses approximately 1,250 square feet and currently generates $2,710 per month in rental income, the highest monthly rent among the seven single-family assets in the portfolio. An established tenant provides immediate income for an incoming investor. INVESTOR & PORTFOLIO OPPORTUNITY: This property is tenant occupied and is being offered as part of a larger portfolio of income-producing residential properties throughout Pinellas County. The single-family portfolio is being offered at pricing structured to provide an approximately 6.5% capitalization rate based on current rents and portfolio underwriting assumptions. Seller is seeking investor interest in the acquisition of the entire portfolio, although individual offers may also be considered. Please do not disturb tenants.

Additional Information

Year Built
1960
Style
One Story
Stories
1
Interior Features
Ceiling Fans(s)
Utilities
Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Heating
Central, Electric
Cooling
Central Air
Exterior Features
None
Pool
No Pool
Roof
Other

Courtesy of Zach Steinberger and COMPASS FLORIDA LLC

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