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Investment Opportunity: 20-Unit Apartment Complex with Strong Cash Flow Potential Lakeview Apartments In St. Petersburg this 20-unit apartment complex offers an outstanding investment opportunity with a proven track record. Built in 2008, the property features spacious, 2-bedroom, 2-bath units, all-tile flooring ensures low maintenance and durability for years to come. Key Investment Highlights: • 20 Units: 2-bedroom, 2-bathroom, all-tile units designed for easy upkeep and long-term appeal. • Occupancy of available units: The complex is consistently fully leased, demonstrating a strong demand for rental units and excellent property management. • Average Rent: Current rent is $1,317 for 19 apartments, offering reliable, above-average rental income potential. • Cap Rate of 5.3: A solid return on investment with room for rental increases and value enhancement over time. • Flood Zone X: Located in a low-risk flood zone for added peace of mind. • Built in 2008: Modern construction ensures minimal repairs and maintenance, with updated amenities for tenants. Call for details.
5 days ago | Listing updated with changes from the MLS® | |
5 days ago | Price changed to $3,500,000 | |
a month ago | Status changed to Active | |
a month ago | Listing first seen on site |
SOUTH OFFICE:
5730 MAIN STREET
NEW PORT RICHEY, FL 34652
NORTH OFFICE:
304 NORTH BROAD STREET
BROOKSVILLE, FL 34601
FLORIDA REAL ESTATE BROKER
(727) 232-2192
FL License #CQ1044372
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