10775 Village Club Circle N Unit 101, St Petersburg, FL 33716

$200,000
3
BD
2
BA
1,180
SqFt

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List Price
$200,000
Year Built
1974
Beds
3
County
Pinellas
Subdivision
Village Lake Condo

Property Description

Tenant-occupied condominium investment opportunity in St. Petersburg generating $2,150 per month in current rental income. With an established tenant already in place, the property offers immediate income while also providing the flexibility of an individual resale. The property is being marketed individually at $200,000. 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.

Additional Information

City
St Petersburg
Region
St Pete
Zip
33716
Neighborhood
Other
Subdivision
Village Lake Condo
Area
1180
Community Extras
Buyer Approval Required, Deed Restrictions, Pool, Tennis Court(s)
Property Description
One Story
Exterior Construction
Block
Pool Type
Community
Pets Allowed
Yes
Pet Max Weight
100
Property Style
Condo
Total Acreage
Non-Applicable
Special Sale Provision
None
Minimum Lease
1-2 Years
Interior Features
Ceiling Fans(s)
Interior Layout
Ceiling Fans(s)
Community Features
Buyer Approval Required, Deed Restrictions, Pool, Tennis Court(s)
Flood Zone
AE
Flood Zone
Yes
Deed Restriction
Yes
Hoa Fee
$641
Monthly Hoa Amount
641
Heated Square Feet
1180
Stories
1
Exterior Features
Balcony
Community Pool
Yes
Floor Covering
Tile, Vinyl
HOA Fee Required
Yes
HOA Yes/No
Yes
HOA Comm/Assn
Required
Floor Number
1
Pp Sqft
169.49
Levels
One
Occupant Type
Tenant
Subtype
Condo
Roof
Membrane
Property Subtype
Residential
Pool
Yes
DPRYN
Yes
Sewer
Public Sewer
Water Source
Public
Furnished
Unfurnished

Listing courtesy of COMPASS FLORIDA LLC. 727-380-2067

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