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Key Details
Sold Price $2,108,865
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 1,422 sqft
Price per Sqft $1,483
Subdivision Oldsmar Galleria Condo
MLS Listing ID J933510
Sold Date 08/27/21
Condo Fees $4,211
HOA Y/N No
Year Built 2007
Annual Tax Amount $2,742
Property Description
A Pinellas County Portfolio of (9-Units 2-Bdrm-2.5-Bath) Residential Condominium offered For Sale at a 7.5% CAP RATE return with absolute triple net deal (NNN). Offered by Healthier Stay Oldsmar LLC. Seller will execute a 2-year lease back agreement with an option to extend beyond 2 years, paying $158,165 in annual rents that guarantees a 7.5% return, plus they pay for all taxes, condo fees, utilities, maintenance, etc. During this lease period, Buyer has No tenant issues, No maintenance issues/costs, No vacancy issues and No collection issues! A true passive real estate investment.
Location
State FL
County Pinellas
Community Oldsmar Galleria Condo
Direction E
Interior
Heating Central
Cooling Central Air
Fireplace false
Exterior
Exterior Feature Balcony
Utilities Available Cable Connected
Waterfront false
Roof Type Built-Up
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Structure Type Block
New Construction false
Others
Pets Allowed Yes
Senior Community No
Pet Size Small (16-35 Lbs.)
Ownership Condominium
Monthly Total Fees $4, 211
Membership Fee Required None
Num of Pet 1
Special Listing Condition None
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Bought with RE/MAX REALTEC GROUP INC
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