$850,000

Description

Short Sale. Unique opportunity to acquire a seven-parcel residential investment portfolio in St. Petersburg consisting of six improved residential properties and one residential vacant lot. The properties are being offered exclusively as a single package and will not be sold individually. The existing homes are in distressed condition and should be considered substantial rehabilitation projects. Based on available information and visual observations, significant renovation will be required and some properties may require structural, mechanical, electrical, plumbing, roofing, or other major repairs. Buyers should evaluate each parcel independently to determine whether rehabilitation, reconstruction, or other redevelopment represents the best use of the property. For an experienced investor, builder, or redevelopment buyer, the portfolio provides an opportunity to acquire seven residential parcels through a single transaction and develop an individual strategy for each property. PACKAGE SALE ONLY. Seller will not separate the properties. The asking price represents the entire seven-parcel portfolio and is not an individual property price. Properties included in the package: 3819 15th Ave S, St. Petersburg 3466 15th Ave S, St. Petersburg 3643 16th Ave S, St. Petersburg 3430 18th Ave S, St. Petersburg 1514 37th St S, St. Petersburg 4653 Queensboro Ave S, St. Petersburg Due to the condition of the existing structures, CASH PURCHASE IS ANTICIPATED. Buyers utilizing private, hard-money, renovation, or other financing should independently confirm financing requirements prior to submitting an offer. DRIVE-BY ONLY AT THIS TIME. DO NOT ENTER ANY STRUCTURE OR PROPERTY WITHOUT EXPRESS WRITTEN AUTHORIZATION FROM THE LISTING BROKER. The properties are being sold AS-IS. Seller and Listing Broker make no representation regarding the condition, habitability, structural integrity, functionality, permitted status, future use, or development potential of any property or improvement included in the portfolio. Buyers are responsible for conducting their own inspections and due diligence and independently verifying zoning, land use, building requirements, flood zones, utilities, property dimensions, condition of improvements, code matters, permitting, and all other information material to the purchase. Agents: Please review all private remarks and MLS supplements before contacting the listing broker regarding access or submitting an offer.