2848 61st Ave N - Residential Income FOR SALE


Saint Petersburg, FL 33714- Arcadian Heights
$33,830,970 USD
727-235-1992
2848 61st Ave N, Saint Petersburg, FL for Sale
$33,830,970 USD
Residential Income - FOR SALE
1/20
null | 6% Cap Rate

2848 61st Ave N
Saint Petersburg, FL 33714
Arcadian Heights


HIGHLIGHTS

  • Portfolio of 155 income-producing single-family homes distributed across five of West Central Florida’s most desirable and fastest-growing counties.
  • Strong in-place performance supported by consistent occupancy.
  • Immediate acquisition scale within a fragmented asset class, eliminating the time, cost, and operational complexity of aggregating single-family units
  • Stable cash flow with upside potential through continued rent optimization.
  • Located in a high-growth, pro-business Florida market benefiting from strong economic fundamentals and no state income tax
  • Professionally managed portfolio with established systems in place, allowing for a seamless transition and continued performance post-acquisition.

OVERVIEW

Presenting a rare opportunity to acquire an institution-scale 155-home single-family rental portfolio strategically distributed across five of West Central Florida’s most desirable and fastest-growing counties: Pinellas, Hillsborough, Pasco, Hernando, and Sarasota. These homes are located within stable, established neighborhoods supported by strong population growth, expanding employment hubs, and sustained in-migration fueling long-term rental demand. Designed for both private and institutional capital seeking immediate footprint expansion, this portfolio delivers in-place cash flow, diversified geographic risk, and operational efficiency within a concentrated regional cluster. Residents benefit from proximity to major job centers, quality schools, and Florida’s most popular coastal amenities, while investors gain exposure to one of the Southeast’s most resilient and appreciating residential markets. The portfolio currently generates $3.3M in adjusted gross income, supported by consistent occupancy and strong rental performance. With a balanced mix of property ages, floor plans, and locations, the homes offer both stability and upside through rent growth, operational streamlining, and potential individual asset disposition strategies. Florida’s pro-growth economy, absence of state income tax, and surging demand for workforce housing further enhance long-range investment performance. This is a turnkey, revenue-producing SFR platform offering investors meaningful scale without the time and cost associated with assembling homes one by one. Whether your strategy prioritizes long-term yield, market appreciation, or breakup valuation potential, this portfolio is uniquely positioned to deliver.

FOR SALE DETAILS

PRICE

$33,830,970 USD

PRICE/SF

$61,511 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

-

APN/PARCEL ID

35-30-16-08928-007-0040

ASK ABOUT THIS PROPERTY

John BurpeeJohn Burpee & AssociatesMore Info
727-235-1992

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John BurpeeJohn Burpee & AssociatesMore Info
727-235-1992

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.