(St Petersburg, FL) 🌴💰 Ground-Floor Cash Condo — 1/1 | $77,500 · Renovated ARV ~$125K

About this property

(St Petersburg, FL) GROUND-FLOOR CONDO - 1/1, Minutes to the Beaches Affordable ground-floor unit (no stairs) in an established St Pete complex - a light cosmetic play. Renovate for a retail exit near $125K, or hold it as a cash rental. Close to shopping, dining, and the Gulf beaches. THE NUMBERS Asking: $82,500 Renovated ARV: ~$125,000-$130,000 Est. rehab: ~$15,000-25,000 (cosmetic - floors already updated) Est. rent: ~$1,800/mo HOA: $770.90/mo (factor into your numbers) ARV COMPS - renovated 1/1 sold, same complex 5973 Terrace Park Dr N #206 (1/1) - sold $129,900 (Feb 2024) 5971 Terrace Park Dr N #206 (1/1) - sold $114,000 (Nov 2024) 5973 Terrace Park Dr N #307 (1/1) - sold $104,000 (2023) PROPERTY 1 Bed / 1 Bath · ~735 SqFt · built 1979 Ground floor · no stairs · covered carport Laminate/wood floors throughout · sold as-is · cash or hard money WHY ST PETE Minutes to the Gulf beaches, downtown St Pete, shopping and dining - strong seasonal + long-term rental demand and a cheap entry into a high-demand coastal market. High-HOA condo - best fit for a cash buyer.

Property snapshot

Deal details