Condo Portfolio - 12 Units St Cloud FL

Condo Portfolio - 12 Units St Cloud FL
Investment Condo Portfolio | 12 Units | $125,000/unit

Prime 12-Unit Condo Portfolio – Palm Gardens, St. Cloud, FL

Step into a turnkey, fully-occupied 12-unit portfolio comprising individually-titled 2-bed / 1-bath condos (±810 SF each) spread across the well-kept Palm Gardens Condominium community.

Priced at $1,500,000 ($125K per door) with attractive seller financing and a 3-year balloon, this offering delivers immediate cash flow at a 7.4% in-place cap rate and minimal day-one headaches.

HOA maintains exteriors, roofs, grounds, and common areas—keeping owner expenses low while residents enjoy resort-style amenities: two community pools, clubhouse, basketball court, playground, and an on-site laundry center.

Each unit is separately metered; tenants pay electric/cable, while HOA dues are $305/mo per unit) covers water, trash, and common-area maintenance—supporting a lean operating profile.

Current rents range $1,300 – $1,400 with near-term upside to market $1,450 – $1,550 through light interior upgrades.