1860 Massachusetts Ave. #303, St. Petersburg, FL 33703

GREAT LOCATION, GREAT INCOME! Package of 4 renovated, Northeast St. Petersburg condo units in Regency Condominiums on Shore Acres! This is the most desirable residential area in the city. Fenced pool area overlooks Lake Overlook. Building is literally next door to Venetian Isles and its million dollar plus homes. An ABOVE 7 percent cap rate, at list price, with REAL numbers accounting for vacancy, repairs, all taxes, insurance, and condo fees- with significant upside potential. 100 percent of the units have been extensively renovated in the past 24 months, and all units feature central A/C. No need to worry about flooding- no first floor units! (1 of the units is on the 2nd floor, 3 on the 3rd). All tenants are background checked through Transunion, on annual leases, and have full month security deposit on file. As they are condos, no need to worry about lawn care, exterior maintenance, pool maintenance, or pool liability- great way to truly make PASSIVE income with great upside! Active association has undertaken every measure to keep building in pristine shape. New common area flooring, state of the art security camera system, new asphalt parking lot, and new roof (2018) in the past few years. Three 1 bedroom, 1 bath units, and one 2/1. 

PLEASE SEE ATTACHED INCOME STATEMENT, EXPENSE STATEMENT, AND CURRENT RENT ROLL ATTACHMENTS.