Located in Don Ce-Sar Place near Pass-a-Grille Beach and Don Cesar Report
This income-producing six (6) unit condo complex brings in an annual net operating income of $130,000. The complex consists of two 2-bedroom, 1-bath units, and four 1-bedroom, 1-bath units. All condos are spacious, fully furnished, and equipped to make this a turn-key operation. It has successfully run as seasonal rentals.
This property has numerous renovations including kitchens and bathrooms with granite and other solid surface counters and bars, new vanities, tile, and fixtures. Foundational elements include solid block construction, central heat and air systems, cable connected, and WIFI for guests, with a low maintenance lot.
The complex is just steps to the surf and soft sand beaches of St Pete Beach and Pass-A-Grille Beach. The neighborhood enjoys deeded private directly across the street from the beach access. This beach was open to its residents and guests during COVID when the public beaches were closed and patrolled.
A smart investor can live in paradises in one unit and lease the rest. The current owner, Dick Wall has successfully run this rental building from out of state by using popular vacation rental sites. He says that "seasonal renters absolutely love this place and many return year after year. The most repeated compliment I get is that the pictures do not do it justice, as each unit is larger than it seems."
The seller will consider financing.
Facts and features
Year built: 1966
Parking: Off-street, Covered
Flooring: Tile, Carpet, Laminate
Appliances included: Dryer, Freezer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
Laundry features: Outside
Total interior livable area: 4,282 sqft