Multi-Family•Single Family Portfolio•For Sale

10 Single Family Home Investment Portfolio

3519 14th Avenue South, St. Petersburg, Florida 33711

Sale Price $1,295,000 ($101.99 /SqFt)
Class C
Status Existing
Year Built 2007
Stories 1
Cap Rate 7.80%
RBA 12,698 SqFt
Project Size 10
#3+ Bedrooms 10
Bridgewater Commercial offers a rare opportunity to purchase a portfolio of 10 single family homes in St. Petersburg, FL. As of now, one unit is being left vacant for showings. All the houses are located within a 1.6 mile radius. This portfolio is located a short drive away from St Petersburg's thriving downtown and many beaches. Nearby beaches include Treasure Island, St Pete Beach, Madeira Beach, Pass-A-Grille, Fort Desoto and many more. St Petesburg's downtown is home to The Tampa Bay Rowdies Soccer Team, MLB's Tampa Bay Rays, and many thriving entertainment districts including Beach Drive, Central Ave, Edge District, and the Grand Central District. With everything that St Petersburg has to offer, this housing portfolio will be a stable investment for years to come.
  • 10 Single Family 4 Bed, 2 Bath Homes
  • All Located within 1.6 Mile Radius
  • Within 10 min or less drive to Downtown St Petersburg, FL
  • Currently 90% occupied (1 unit left vacant for showing to buyers)
  • Annual NOI over $100,000, with upside potential to increase rent
  • 3 houses built in 2007
  • 5 houses built in 2006
  • 2 houses built in 1972
3/13/2020 12:00:00 AM 3/13/2020 6:46:29 PM
Kris Dumke
Broker
Bridgewater Commercial Real Estate
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