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618 73rd Ave
Saint Petersburg, FL 33706
SUNSET PARK BEACH APARTMENTS-SELLER FINANCING · Multifamily Property For Sale
·
10 Units
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Ceiling Fans
- Tile Floors
- High Speed Internet Access
- Tub/Shower
- Views
- Wi-Fi
- Yard
- Window Coverings
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Picnic Area
- Grill
- Pet Play Area
- Trash Pickup - Curbside
- Wi-Fi
ABOUT 618 73RD AVE , SAINT PETERSBURG, FL 33706
THE SUNSET PARK BEACH APARTMENTS FOR SALE! SELLER FINANCING AVAILABLE! THE SUNSET PARK BEACH APARTMENTS IS A 10-UNIT APARTMENT COMPLEX LOCATED IN BEAUTIFUL ST. PETE BEACH, FL! THE PROPERTY CONSISTS OF 8-STUDIO APARTMENTS AND TWO 2-BEDROOM UNITS. THESE UNITS ARE IN EXCELLENT CONDITION AND LOCATED ONLY STEPS FROM THE WATER! THIS IS THE PERFECT VALUE-ADD INVESTMENT AS THE CURRENT RENTS ARE SEVERLY BELOW THE MARKET AVERAGE IN ST. PETE BEACH! ALL TENANTS ARE ON MONTH-TO-MONTH LEASES, BUT THEY PAY THE OWNER WEEKLY, CREATING CONSISTENT CASH FLOW FOR THE OWNER. THE SUNSET PARK BEACH APARTMENTS ARE CURRENTLY 100% OCCUPIED AND BOAST A CASH-ON-CASH RETURN OF OVER 14%. WHILE THIS IS A FANTASTIC RETURN, TO BEGIN WITH, IT ONLY GETS BETTER AS THE BUYER CAN INCREASE THESE RATES IMMEDIATELY. FURTHERMORE, BY USING THE SELLER FINANCING TERMS DESCRIBED BELOW, THE BUYER CAN EASILY OBTAIN A CASH-ON-CASH RETURN OF OVER 19% AND A CAP RATE OF OVER 11% BY THE END OF 2020!
PROPERTY TAXES
| Parcel Number | 36-31-15-77994-045-0080 | Improvements Assessment | $216,049 |
| Land Assessment | $533,951 | Total Assessment | $750,000 |
PROPERTY TAXES
