🏠 Portfolio Overview Unlock a rare opportunity to acquire a premier multifamily investment portfolio in the heart of St. Pete Beach. This package includes four (4)
stabilized income-producing properties, including a 10-unit building, two duplexes, a cottage, and a vacant development lot. Positioned in a high-demand beachside rental corridor on the Gulf of America, this offering provides strong current cash flow, value-add potential, and attractive long-term upside.
💵 Financial Snapshot Property | Unit | Description | Status | 510 70th Ave | 10 | Multifamily (1972), 7,750 SF heated | 100% Occupied | 503/509 69th Ave +
Lot | 5 | (2) Duplexes + Cottage + Vacant Land | 100% Occupied | TOTAL | 15+1 | Stabilized + Redevelopment Opportunity | Turnkey |
Asking Price: $4,150,000 Stabilized Cap
Rate: ~6.4%–7.2% Current Gross Income: $255,600/year Estimated NOI: $265,000+/year Development Bonus Value: $250K–$400K+
🛍️ Rent & Lease Overview 510 70th Ave (10
Units) Rent Roll: $186,000/year Market Upside: $192,000+/year Tenants pay utilities; owner pays ~$2,000/year 503/509 69th Ave + Cottage (5 Units) Rent Roll: $69,600/year 4 units @ $1,200/mo, 1 unit @ $1,000/mo Market Potential: $7,000+/mo 🌍 Location
Advantage Steps from the Gulf of America Walking distance to restaurants, bars, and shops Zoned for short- or long-term rentals Lot zoned CC-1 / CC-2 / UBV for redevelopment 🎯 Investor Takeaway Prime location with strong fundamentals Fully stabilized
portfolio with rent growth upside Seller open to creative financing (40/60 split) Self-managed with reliable PM backup
Contact for Details & Financials
Duncan Wierman
864 641 4286
dwierman@gmail.com |