Off Market 55+ Condo in St. Pete!

4895 Bay Street Northeast, St. Petersburg, FL, USA
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Features

  • 55+ Community
  • Pinellas County School District

Details

Off Market 55+ Condo in St. Pete! Easy condo deal – rehab consists of cosmetics and adding a bedroom. 55+ community. Best comp is at 5090 Bay St Ne #226, which sold in December. It appears that it is a model match, where they added a bedroom as well. They listed it for $238k, and in only 3 days on market, got 240k for it. Sold for exactly our ARV. Quick easy flip or rental!
Minimum lease period is 6 months per the HOA docs.
HOA fees are $506/mo (recently increase from $476 due to recent renovations of building).

THE NUMBERS

Price Opinion: $320,000

Rehab Estimate: $29,445

Average Lease Price: $2,250

Down Payment: $10,000

CLOSING DATE: Soon!

Attachments

  • ID: 4705
  • Published: April 7, 2023
  • Last Update: June 13, 2023
  • Views: 14