Tenanted St. Petersburg, Florida condos offering 8%+ rental yields

Nestled in the heart of St. Petersburg, The Enclave at Sabal Pointe offers convenient access to everything
the Tampa Area has to offer. Constructed in 1976 and fully renovated in 2007 the Enclave at Sabal
Pointe consists of 240 units spread among 25 two-story buildings. Each building is constructed on
concrete wall footings with stucco and wood siding, and veneer painted exterior walls. The average
unit size is in excess of 1,200 square feet. Interior framing consists of wood stud partitions with drywall
and finished paint.
Situated just a short distance from St. Pete’s Downtown Business District, The Enclave at Sabal Pointe
offers a convenient mix between metropolitan and suburban lifestlyes.
Residents can enjoy an
afternoon relaxing by the pool, working out in the state-of-the-art fitness center, or enjoying a cup of
coffee while surfing the web in the Business Center. The Enclave at Sabal Pointe is the community
of choice for many potential tenants in the area due to its location and all the amenities it has to offer.
Residence Features
• Five floor plans to chose from ranging
from 780-1,700 square feet
• Average unit size in excess of 1,200
square feet
• Screened in patios
• Individually controlled central air
conditioning and heating systems
Price: Listed
Amenities
Structure: Wooden Frame
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Two pools
Newly renovated laundry facility
Playground/Tot Lot
State-of-the-art fitness center
Business Center
Elegant clubhouse & Multimedia room
Property Summary
Number of Units: 50 out of 240
Year Completed/Rehabbed: 1976/2007
Construction Style: Garden
Foundation: Concrete
Number of Buildings: 25
Units per Building: Varies
Investment Highlights
Tenanted St. Petersburg, Florida condos
offering 8%+ rental yields
Twenty Four Month rental guarantee
program at current lease amount
1, 2 and 3 bed condo/townhomes with
long term leases in place
St. Petersburg Median Property Selling
Price up 15.2% since July 2012
Close and Easy access to St. Pete
Beaches and Entertainment District
Property Managed by experienced team
with 95%+ occupancy levels
Final Opportunity to purchase rental
units at bargain pricing
Prices starting from as low as $59,500
SCHOOLS IN THE AREA
Maximo Elementary School
4850 31st St
St Petersburg, FL 33712
Bay Point Middle School
2151 62nd Ave
St Petersburg, FL 33712
Lakewood High School
1400 54th Ave
St Petersburg, FL 33705
Economy:
Saint Petersburg, Florida is known for its scenic bay front and renowned art museums. In recent years
St. Pete has emerged as a hot spot for nightlife, dining, and entertainment becoming a popular vacation
destination for Americans and Foreigners. Enclave at Sabal Pointe’s unbeatable location offers its
residents the opportunity to live within minutes of the city’s finest shopping, beautiful beaches, and
cultural points of interest.
St. Petersburg Area at a Glance
St. Petersburg population in 2010:
LARGEST EMPLOYERS EMPLOYEES
All Children’s Hospital 3,000
Raymond James 2,900
Bayfront Medical Center 2,000
Home Shopping Network 2,000
Tampa Metropolitan Area population in 2011:
Fidelity National Information Services 1,800
2,800,000
Jabil Circuit 1,600
Bright House Networks 1,600
St. Anthony’s Hospital 1,400
Progress Energy 1,000
244,769
Population change since 2000:
-1.4%
Estimated median household income in 2009:
$41,210
Source: http://www.city-data.com
Tourism:
More than 4 million visitors flock to the greater Suncoast area annually, generating more than $2
billion in direct revenue. But the city’s economy is actually rooted in financial services. Not only
does the city and extending area serve as base for many financial companies, these companies in
turn stimulate growth in other industries by providing the financial resources for development and
expansion. Manufacturing companies are attracted to the region’s transportation infrastructure.
Pinellas County ranks second in the state for the number of manufacturing employees, and ranks first
for the manufacture of such items as computer and office equipment and electronics components.
St. Petersburg is home to numerous small and medium-sized software and Web development
enterprises.
Points of Interest:
1) Downtown St. Petersburg
2) St. Petersburg Coliseum - The south’s finest
ballroom and multi-use facilites which hosts events
from ballroom dancing and corporate functions.
3) Salvador Dali Museum - Features one of the
largest private comprehensive collections of artist
Salvador Domingo Dali.
4) Tropicana Field - Home to the Tampa Bay Rays
MLB Baseball team.
5) St. Petersburg Pier
6) Downtown Tampa
7) Clearwater Beaches
8) Mangrove Bay Golf Course - An 18 hole,
championship level, USGA golf course located on
180 beautifully maintained acres.
9) Weedon Island State Preserve
10) Great Explorations Children’s Museum - A
hands-on children’s museum, program center, and
pre-school.
11) Morean Arts Center - An innovative, communityoriented approach to art and art education and
includes classes and outreach programs which are
designed to bring out the artist in everyone.
12) St. Petersburg/Clearwater
International Airport