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Building Details:
• Year Built: 1994
7311 Cedar Ct N is located in Saint Petersburg, FL.
Fine Investment Property - 42 Unit Apartment building with a good track record. The favorable location near many retail, service, and manufacturing jobs has provided a historically high occupancy level.
* 42 units total, 36 two bedroom, 6 one bedroom.
* 8.0% cap rate based on 2011 numbers.
* Assumable mortgage for qualified applicants - contact broker for terms.
* 13% Cash on cash return.
* Excellent location near Parkside mall (US Hwy 19 and Park Blvd)
* 95~100% occupancy
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- Ed Killmer, agent and Rofo Pro