1946 ILLINOIS AVE NE (MLS: TB8537945) For Sale

1946 ILLINOIS AVE NE, (Pinellas), Saint Petersburg Florida 33703

Currently Rented at $8,500.00 / month

Area: 4337

Property Info

  • MLS TB8537945
  • Unit No -
  • Bedrooms 4
  • Bathrooms 4
  • Area (sqft) 4337
  • Living Area (sqft) 3198
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $20.00

Interior Features

  • Ceiling Fans(s)
  • Kitchen/Family Room Combo
  • Open Floorplan
  • Primary Bedroom Main Floor
  • PrimaryBedroom Upstairs
  • Solid Surface Counters
  • Solid Wood Cabinets
  • Thermostat
  • Walk-In Closet(s)

Buy Price

$
$2,500,000.00

Rental Price

$
$8,500.00
  • Cap Rate
  • 3.5%
  • Gross Yield
  • 4.1%
  • Lease End Date
  • September 30, 2026
  • Rent Amount

  • $8,500.00

Cash Flow

Cap Rate3.5 Gross Yield4.1% Annual Rent$102,000.00 Property Taxes$14,384.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $102,000.00 $8,500.00 / mo $510,000.00 $8,500.00 / mo $1,020,000.00 $8,500.00 / mo
Estimated Expenses $14,384.00 $71,920.00 $143,840.00
Net Cash Flow $87,616.00 $438,080.00 $876,160.00
HOA Fees $240.00 $1,200.00 $2,400.00

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