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$161,000
3 Beds ⋅ 2 Baths ⋅ Windjammer Condo SubDv. ⋅ 33702 Zip Code
Income-producing condominium opportunity in St. Petersburg with an established tenant currently generating $2,000 per month in rental income. The property provides investors with immediate in-place income while retaining the flexibility to be purchased independently of the broader portfolio. The property is being marketed individually at $170,000. INVESTOR & PORTFOLIO OPPORTUNITY: This property is tenant occupied and is being offered individually while also being available for inclusion in a larger portfolio of income-producing residential properties throughout Pinellas County. Portfolio pricing has been structured around an approximately 6.5% capitalization rate based on current rents, applicable association expenses and portfolio underwriting assumptions. Seller is seeking investor interest in the acquisition of the larger portfolio while preserving the opportunity to sell this property individually at market value. Please do not disturb tenants.

1400 Gandy Boulevard N Unit 803, St Petersburg
$115,000
1 Beds ⋅ 1 Baths ⋅ Windjammer Condo SubDv. ⋅ 33702 Zip Code
Virtually Staged. Virtually Staged. Turnkey investment with immediate income—currently rented at $1,275/month with tenant-paid utilities, exceeding the 1% monthly rent-to-price ratio. Low $324/month HOA (includes water and internet) and under $2,000/year in taxes enhance overall returns. Well-designed ground-floor unit featuring ceramic tile throughout and fresh interior paint. Major updates include a new water heater (June 2024) and A/C (2020). The open floor plan offers a kitchen with breakfast bar overlooking the living area, with sliding glass doors leading to a private screened patio. The bathroom is conveniently located just outside the bedroom. Laundry room off the kitchen includes a newer full-size washer and dryer plus additional storage. Interior coat closet and extra kitchen cabinetry provide added storage space. Windjammer is an efficiently-managed gated community offering a pool and spa, fitness center, sand volleyball court, and picnic areas with BBQ grills. Prime location with easy access to Tampa, Clearwater, St. Petersburg, major airports, shopping, dining, and Gulf beaches.

1400 Gandy Boulevard N Unit 512, St Petersburg