Investment Snapshot
- Price: $4,350,000
- Total Units: 12
- Lots: 7
- Projected Gross Income: ~$420,000 per year
- Projected Monthly Rent: ~$35,000
- Gross Cap Rate: 9.7% based on projected rents (buyer to verify)
- Property Type: New construction single-family homes with ADUs
Unit Mix
- 4 Houses with ADUs – 3/2 (~1,200 sqft) + 2/1 (~800 sqft)
- 1 House with ADU – 2/1 (~1,100 sqft) + 2/1 (~700 sqft)
- 1 Single-Family Home – 4/4 (~1,825 sqft)
- 1 Single-Family Home – 3/3.5 (~1,616 sqft)
Projected Rent Breakdown
- 2/1 units – $2,500 × 5 = $12,500
- 2/1 large – $3,000 × 1 = $3,000
- 3/2 units – $3,000 × 4 = $12,000
- 3/3.5 – $3,500 × 1 = $3,500
- 4/4 – $4,000 × 1 = $4,000
Total Projected Rent:
$35,000 × 12 = $420,000/year
Why this portfolio stands out:
- All brand-new construction with premium finishes throughout
- Same builder, same seller, same construction quality across the entire portfolio
- Builder warranty protection (1 / 4 / 10 years) included
- Properties located within close proximity, making management more efficient
- Opportunity to acquire 12 new rental units in one acquisition in a growing St. Petersburg market
- Strong projected income with portfolio-level cash flow potential
Addresses:
4601 Queensboro Ave S
4613 Queensboro Ave S
1834/1836 19th St S
2551/2553 19th St S
2561/2564 19th St S
3013/3015 19th St S
2327/2329 26th Ave S
Book an Expert
New investor? Start with Jorge.
Jorge Vazquez – CEO & Investment Strategist at Graystone. Let’s make your portfolio stronger, steadier, and more profitable.
Deals? Book with Cody.
Meet Cody Bergstrom, Your Expert in Finding Deals Let’s find an off-market deal that actually works for you.
Need financing? Book with Lisa.
Meet Lisa Kaye Price, the LendingGig Top ML Let’s figure out the smartest way to fund your next deal.
Looking for PM? Book with Jay
Jay Michalec – COO & Property Management Expert at Graystone. Let’s make your rentals easier, calmer, and more profitable.
