2848 61st Ave N 550 SF Specialty Building Offered at $46,727,334 CAD at a 6% Cap Rate in Saint Petersburg, FL 33714

Presenting a rare opportunity to acquire an institution-scale 155-home single-family rental portfolio strategically distributed across five of West Central Florida’s most desirable and fastest-growing counties: Pinellas, Hillsborough, Pasco, Hernando, and Sarasota. These homes are located within stable, established neighborhoods supported by strong population growth, expanding employment hubs, and sustained in-migration fueling long-term rental demand.
Designed for both private and institutional capital seeking immediate footprint expansion, this portfolio delivers in-place cash flow, diversified geographic risk, and operational efficiency within a concentrated regional cluster. Residents benefit from proximity to major job centers, quality schools, and Florida’s most popular coastal amenities, while investors gain exposure to one of the Southeast’s most resilient and appreciating residential markets.
The portfolio currently generates $3.3M in adjusted gross income, supported by consistent occupancy and strong rental performance. With a balanced mix of property ages, floor plans, and locations, the homes offer both stability and upside through rent growth, operational streamlining, and potential individual asset disposition strategies. Florida’s pro-growth economy, absence of state income tax, and surging demand for workforce housing further enhance long-range investment performance.
This is a turnkey, revenue-producing SFR platform offering investors meaningful scale without the time and cost associated with assembling homes one by one. Whether your strategy prioritizes long-term yield, market appreciation, or breakup valuation potential, this portfolio is uniquely positioned to deliver.