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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
Condo Fees $4,211
Year Built 2007
Annual Tax Amount $2,742
New Construction false
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
Interior
Heating Central
Cooling Central Air
Exterior
Exterior Feature Balcony
Utilities Available Cable Connected
Waterfront false
Roof Type Built-Up
Building
Foundation Slab
Sewer Public Sewer
Structure Type Block
New Construction false
Others
Monthly Total Fees $4, 211
Special Listing Condition None
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Bought with RE/MAX REALTEC GROUP INC