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
