Well-established portfolio of single-family homes in St Petersburg with $299,100 of annual rent per existing leases. Many leases are below market w/ significant rent growth available upon turnover. All properties have had full gut renovations in 2019 and 2020 with new roofs, electricity, plumbing, hvac, kitchens, baths, drywall, cabinets, lighting, spray foam insulation and flooring. These properties have higher end finishes and have been built to last. All properties are located in areas with significant new development activity.

This portfolio is best suited for a passive, cash flow oriented investor(s) seeking a stable long term investment in a fast-growing market of St Petersburg, Florida. Property management in place and willing to manage post transaction for 10% of collected rent. Potential buyers must prove financial ability to close and be familiar with valuing properties based on cash flow. Seller will give preference to offers with lower loan to value ratios. Seller may consider seller financing with the right legal structure and a minimum of $1M of cash equity and no other liens. Seller is local, believes in the upside potential of this portfolio, is willing to stay involved, and is selling to facilitate retirement.

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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.