GULFPORT GARDENS FOR SALE! (10% CASH-ON-CASH RETURN!) Listing Details & Market Data

7027 4th Ave N, St Petersburg, FL 33710

  • For Sale $1,750,000
  • Property Type Multi-Family
  • Property Size 6,048 SF
  • Units 8
  • Lot Size 0.45 Acre
  • Parking Spaces Avail. 30
  • Property Tenancy Multi-Tenant
  • Year Built 1966
  • Year Renovated 2023
  • Date Updated Apr 4, 2024
LOCATED IN PASADENA FL, MINUETS FROM WORLD-FAMOUS CLEARWATER BEACH!

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

Highlights

  • 8-UNIT APARTMENT COMPLEX LOCATED IN BEAUTIFUL GULFPORT, FL!
  • 100% OCCUPIED!
  • MASSIVE UPSIDE AS THE CURRENT RENTAL RATES ARE APPROXIMATLY $300 BELOW THE MARKET AVERAGE!
  • SELLER FINANCING AVAILABLE; APPROX. TERMS: $950,000 DOWN, 4% FIXED IR, INTEREST-ONLY PAYMENTS, 3-YEAR BALLON!
  • 8-UNIT APARTMENT COMPLEX LOCATED IN BEAUTIFUL GULFPORT, FL!
  • 100% OCCUPIED!
  • MASSIVE UPSIDE AS THE CURRENT RENTAL RATES ARE APPROXIMATELY $300 BELOW THE MARKET AVERAGE!
  • SELLER FINANCING AVAILABLE; APPROX. TERMS: $950,000- $900,000 DOWN, 4% FIXED IR, INTEREST-ONLY PAYMENTS, 3YEAR BALLON!
  • 2024 CASH-ON-CASH RETURN: 10% 2025 CAP RATE: 8% 2025 CASH-ON-CASH RETURN: 11% 2026 CASH-ON-CASH RETURN: 12% THE PROPERTY WAS RECENTLY RENOVATED IN 2023 AND IS IN EXCELLENT CONDITION! NEW COURTYARD AND LAUNDRY FACILITIES WERE ADDED IN 2O23!
  • ROOFS REPLACED IN 2018 AND 2022!
  • HVAC SYSTEMS REPLACED IN 2021 AND 2023! EACH UNIT HAS ITS OWN BACKYARD AND ONSITE PARKING!

Contacts

broker

David Rosenthal

Grimaldi Commercial Realty Corp.

(813) 882-0884

Location

Getting Around

  • Walk Score ®

    Somewhat Walkable (64)

  • Transit Score ®

    Some Transit (40)

  • Bike Score ®

    Biker's Paradise (97)
Powered by Walk Score ®
  • City St Petersburg, FL
  • Neighborhood Pasadena Vista
  • Zip Code 33710
  • Market Tampa St Petersburg Clearwater

Points of Interest

  • Shell

    0.46 miles

  • Wawa

    1.27 miles

  • Mobil

    1.35 miles

  • Shell

    1.38 miles

  • 7-Eleven

    1.40 miles

  • Exxon

    1.47 miles

  • Shell

    1.51 miles

  • Speedway

    1.72 miles

  • Citgo

    2.00 miles

  • Rally

    2.12 miles

  • T.H.E. Insurance Parking

    2.07 miles

  • Bilmar Parking

    2.12 miles

  • Island Inn Parking

    2.15 miles

  • Lot 8

    3.74 miles

  • Lot 6

    3.76 miles

  • Lot 4

    3.79 miles

  • lot 2

    4.83 miles

  • Lot 3

    4.90 miles

  • Lot 4

    4.92 miles

  • Lot 1

    4.95 miles

  • Checkers

    0.46 miles

  • NY Cafe

    0.53 miles

  • Hungry Howie's

    0.59 miles

  • Kay's Family Restaurant

    0.67 miles

  • Five Guys

    0.77 miles

  • Pei Wei

    0.80 miles

  • Jimmy John's

    0.81 miles

  • Chipotle

    0.81 miles

  • Paolo's Pizza & Subs

    0.90 miles

  • Leverock's

    0.97 miles

  • Pasadena School

    0.29 miles

  • Pasadena Fundamental Elementary School

    0.29 miles

  • Saint Petersburg College Gibbs Campus

    0.31 miles

  • Saint Petersburg Collegiate High School

    0.31 miles

  • Farragut Academy

    0.60 miles

  • Pinellas Marine Institute

    0.64 miles

  • Azalea Elementary School

    0.88 miles

  • Saint Petersburg Christian School

    0.91 miles

  • Florida Christian School

    1.02 miles

  • Bear Creek Elementary School

    1.26 miles

  • VPK Center

    4.59 miles

  • Shining Starz Preschool

    5.90 miles

  • Saint Pete Prep Learning Center

    7.14 miles

  • New Beginnings Pre-School and Day Care

    8.12 miles

  • Camelot School

    8.22 miles

  • KinderCare

    9.82 miles

  • Abundance Childcare and Learnign Center

    9.85 miles

Contact Listing Broker

broker

David Rosenthal

Grimaldi Commercial Realty Corp.

(813) 882-0884