18 Unit Saint Petersburg, FL - Financing Options Available!!!!!

[Trude Roberts]

18 Unit Saint Petersburg, FL 33711

12 - 1BR/1BA 6- 2BR/1BA

Financing Options Available!!!!!

1) All Cash Purchase:$1,070,000

2) Lease Option $100k-$200k Down/Take over Mortgage.

3) Seller Finance/Payoff existing Mortgage @$490k seller can finance the rest @ 4% interest rate.

Potential Income 

1BR $750/mon=12x$750=$9,000

2BR $850/mon=6x$850=$5,100

Monthly Gross $14,100 x12=$169,200 Yearly Gross

Expenses

Water Bill $13,500

Property Tax $10,500

Basic Maintenance $5,000

Total Expense $29,000

$140,200 Net Income

VALUE CAN BE ADDED! - ARV:$1,200,000

Current Up Grades Include...

• New Roof
• Installed Key Fob/Intercome System, 
• Added Brick pavement to the Courtyard, 
• Repaved parking lot
• Installed/upgraded 6 new split AC units

Individually Metered for Electric (Owner Pays Water Bill roughly 1k a month)

2 Buildings - 2 Stories

(NO RENT ROLLS DO TO BAD MANAGEMENT - Some Vacancy, please inquire about details)

                                                                                               EMAIL [email protected] For more info