Best Cap Rate Income Property on the MLS in Saint Petersburg Florida. Do not miss your opportunity to buy this centrally located 12-unit apartment building in the heart of Gulfport Beach, Florida. The residents enjoy a short walk to Gulfport Beach, the Gulfport Strip, and the Art District. Gulfport Marina is a block away along with Clam Bayou Park and a short walk to Veterans Park. You can drive to Downtown St. Pete, and St. Pete Beach within 15 minutes. The 12-unit apartment Building has (2) Two Bedroom, One Bath units and (10) One Bedroom, One bath units.

Most tenants are long-term tenants. The building has a laundry room with paid machinery for an additional income. The building has a maintenance room to store tools and supplies. Each unit has a single-lane two-car tandem parking space in the rear of the property. There is room for an additional 8 paid single spaces in the front that could be rented for additional income. These are desirable spaces as they keep the tenants from swapping cars in the tandem car spaces. Many units have been remodeled and some units have had the kitchen wall removed to create an open floor plan. Please see the (Cap Rate, Rent Roll, ROR) attachments, and or weblink to get a list of improvements completed on units. Feel free to copy the working spreadsheet for your client so that they can see all calculations.

All units have their own Duke energy meters and accounts. All units have a water meter but the water is paid for with the rent. The water meter gives you the ability to charge for the water and or find water leaks. The pictures in the MLS are of Unit 1(2/2) and of Unit 8 (1/1) To see pictures of all other units in as-is condition please follow the weblink.

Disclaimer: All of the financial statements, estimates, and measurements on this listing or provided as attachments and or links, are to assist in the purchase process. LPT Realty and listing parties offer no guarantee of accuracy and the information provided is subject to change. Buyers are encouraged to take their own measurements and consult professionals in the necessary fields prior to making a purchase. PoF is required prior to showings.