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Income-producing condominium opportunity in St. Petersburg with an established tenant currently generating $2,000 per month in rental income. The property provides investors with immediate in-place income while retaining the flexibility to be purchased independently of the broader portfolio. The property is being marketed individually at $170,000. INVESTOR & PORTFOLIO OPPORTUNITY: This property is tenant occupied and is being offered individually while also being available for inclusion in a larger portfolio of income-producing residential properties throughout Pinellas County. Portfolio pricing has been structured around an approximately 6.5% capitalization rate based on current rents, applicable association expenses and portfolio underwriting assumptions. Seller is seeking investor interest in the acquisition of the larger portfolio while preserving the opportunity to sell this property individually at market value. Please do not disturb tenants.
Property Details
Price: $161,000
Sq Ft: 985
($163 per
sqft)
Bedrooms: 3
Bathrooms: 2
City: St Petersburg
County: Pinellas
Type: Condo
Development: Windjammer
Subdivision: Windjammer Condo
Virtual Tour/Floorplan:
View
Year Built: 1986
Listing Number: TB8547225
Status Code: A-Active
Taxes: $3,428.30
Tax Year: 2025
Garage:
Furnishings: Unfurnished
Pets Allowed: Yes
Total Recurring Fees: $725
Total Recurring Fee Frequency: 0.00
Interior Features:
Ceiling Fans(s)
Financial Information:
Taxes: $3,428.30
Tax Year: 2025
Association Fee: $725.00
Association Fee Frequency: Monthly
Exterior Features:
Balcony
Equipment:
Range
Refrigerator
Additional Information:
MLS Area: 33702 - St Pete
Total Square Footage: 985
Price per Square Feet: $163.45
Total Floors: 1
Water: Public
Construction: Frame
Date Listed: 2026-09-10 00:00:00
Pool Description: In Ground
Furnished: Unfurnished
Flooring: Tile, Vinyl
Roof: Membrane
Heating: Central, Electric
Cooling: Central Air
Laundry: Inside
Pets: Yes
Sewer: Public Sewer
Parcel ID: 24-30-16-98234-
Map of 1400 Gandy Boulevard #803, St Petersburg, FL 33702
Listing Courtesy Of: Compass Florida Llc
zach.steinberger@compass.com