Saint Petersburg Portfolio | $9,750,000

226, 7th Avenue North, Historic Uptown, Saint Petersburg, Pinellas County, Florida, 33701, United States | Updated on May 1, 2024 at 7:25 pm

Featured For Sale New Listing Class A Location Owner Financing Value Add
226, 7th Avenue North, Historic Uptown, Saint Petersburg, Pinellas County, Florida, 33701, United States
  • $9,750,000

Investment Highlights

Property Facts

  • Price: $9,750,000
  • Property Size: 29905 Square Feet
  • Year Built: 1925
  • Property Type: Multifamily
  • Property Status: For Sale, New Listing
  • OWNER FINANCING: 50% DOWN / 5.9% INTEREST ONLY
  • VALUE ADD: SUB-MARKET RENTS
  • PRICE PER UNIT: $207,447
  • PRICE PER SQUARE FOOT: $326
  • Brokerage: Verdad CRE

Details

Updated on May 1, 2024 at 7:25 pm
  • Price: $9,750,000
  • Property Size: 29905 Square Feet
  • Year Built: 1925
  • Property Type: Multifamily
  • Property Status: For Sale, New Listing
  • OWNER FINANCING: 50% DOWN / 5.9% INTEREST ONLY
  • VALUE ADD: SUB-MARKET RENTS
  • PRICE PER UNIT: $207,447
  • PRICE PER SQUARE FOOT: $326
  • Brokerage: Verdad CRE

Description

Business Plan: The Seller of this attractive portfolio is offering owner financing to a qualified buyer under the following proposed terms and conditions. 

Down: 50% – $4,875,000 

Loan Amount: $4,875,000 

Rate: 5.9% Interest Only 

Term: 3 Years 

Monthly PMT: $23,968 

A new buyer can take advantage of the interest only financing, upgrade some of the portfolio and raise rents across the board. This would net a 6.68% cash on cash return. 

Property Description: 

Explore an exclusive investment opportunity in St. Petersburg, FL, offering a diverse portfolio of properties poised for substantial growth and increased value. These tailored opportunities are set for success and promise both financial rewards and a chance to be part of thriving neighborhoods. 

Nestled within the Old Northeast and Historic Uptown neighborhoods, these properties embody a gateway to a lifestyle steeped in rich history and poised for remarkable growth. From picturesque streets to a community bustling with culture and activity, these areas offer a unique blend of old-world charm and modern amenities. 

Attachment

  • Address 226 7th Ave N
  • City Saint Petersburg
  • State/county Florida
  • Zip/Postal Code 33701
  • Area Historic Uptown, Old Northeast
  • Country United States

Contact Information

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Overview

Property ID: HZ18-31-17-46854-002-0040
  • Multifamily
  • Property Type
  • 29905
  • Square Feet
  • 1925
  • Year Built

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