7-HOME INCOME-PRODUCING RENTAL PORTFOLIO Specialty FOR SALE


Saint Petersburg, FL - Midtown St Petersburg
$2,150,000 USD
727-295-7776
, Saint Petersburg, FL for Sale
$2,150,000 USD
Specialty - FOR SALE
1/2
null | 7.21% Cap Rate

7-HOME INCOME-PRODUCING RENTAL PORTFOLIO
Saint Petersburg, FL
Midtown St Petersburg


HIGHLIGHTS

  • 100% Occupied – Immediate In-Place Rental Income
  • Housing Choice Voucher (Section 8) Tenant in Place
  • Part of a 7-Home Portfolio Generating $196,896 Annual Gross Rent

OVERVIEW

ST. PETERSBURG 7-HOME INCOME-PRODUCING RENTAL PORTFOLIO 100% Occupied | Housing Choice Voucher Tenancies | $196,896 Annual Gross Rent | Seven Properties Rare opportunity to acquire an established portfolio of seven income-producing single-family rental homes in South St. Petersburg, Florida. The portfolio is 100% occupied with Housing Choice Voucher (Section 8) tenancies in place and currently generates approximately $16,408 in monthly gross rent / $196,896 in annual gross rental income. A significant portion of the portfolio's rental income is currently paid directly through Housing Choice Voucher assistance, with several properties receiving 100% of the current rent through the voucher program. Detailed financials are available showing the monthly contract rent, Housing Authority-paid portion and tenant-paid portion for each property, allowing investors to clearly evaluate the existing income stream. The seven properties are offered by the same ownership and may be acquired individually or as a complete portfolio. The homes have established rental histories and have been professionally managed, with professional property management available to a new owner if desired. Tenants are responsible for utilities. See attached portfolio financials for property-by-property rental income and Housing Authority/tenant payment breakdowns. Also included are recent property improvements and a portfolio location map illustrating the concentration of all seven properties within South St. Petersburg. 1120 11th Avenue S | St. Petersburg, FL Built in 2005, this 3-bedroom, 2-bath single-family home offers approximately 1,237 square feet of living space on an approximately 7,000-square-foot lot. The home features block construction, tile flooring and ceiling fans throughout, arched doorways, a great-room layout, eat-in kitchen, inside laundry, and sliding doors leading to the patio and large backyard. A new HVAC system was installed in 2025. The property is currently leased with an established Housing Choice Voucher tenancy in place, providing immediate in-place rental income. Its central South St. Petersburg location offers convenient access to I-275, Downtown St. Petersburg, employment centers, parks, schools, and the city's waterfront, dining, cultural and entertainment districts. SEVEN-PROPERTY PORTFOLIO 791 35th Ave S — 4 BR | 2 BA | Approx. 1,178 SF 2621 6th St S — 3 BR | 2 BA | Approx. 1,200 SF 1120 11th Ave S — 3 BR | 2 BA | Approx. 1,237 SF 1430 14th Ave S — 4 BR | 2 BA | Approx. 1,389 SF 1440 Prescott St S — 4 BR | 2 BA | Approx. 1,448 SF 1944 12th Ave S — 3 BR | 1 BA | Approx. 1,145 SF 4419 18th Ave S — 3 BR | 2 BA | Approx. 1,200 SF Portfolio Gross Rent: $16,408/Month | $196,896/Year Properties may be purchased individually or as part of the seven-property portfolio. Financials, rent-payment breakdowns, recent improvements and portfolio location map are available in the attached offering materials. Please do not disturb tenants. Property tours are by appointment only and subject to tenant occupancy.

ASK ABOUT THIS PROPERTY

Pam MollColdwell Banker RealtyMore Info
727-295-7776

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Pam MollColdwell Banker RealtyMore Info
727-295-7776

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