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Multi Family 8 bedrooms - LARGO LAKE APTS for Sale

185 FULTON NE, LARGO, FL 33771

Asking Price$899,000 Change Price$100,000

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  • Days on market:

    87 day(s)
  • Original Price:

    $999,000
  • Price per sqft:

    $295.72
  • Tax Legal Description:

    LARGO LAKE APARTMENTS LOT 12
  • Tax Year:

    2023
  • Property Type:

    Multi Family
  • Parking:

    Assigned Oversized Parking Pad
  • Waterfront:

    Yes
  • Waterfront Description:

    Pond
  • View:

    Water
  • Elementary School:

    Belcher Elementary-PN
  • Middle School:

    Largo Middle-PN
  • Senior High School:

    Largo High-PN
  • Construction Type:

    StuccoBlock
  • Roof:

    Shingle
  • Cooling Description:

    Central Air
  • Heating Description:

    Central
  • Floor Description:

    Tile
  • Interior Features:

    Walk-In Closet(s)Ceiling Fan(s) Kitchen/Family Room Combo
  • Exterior Features:

    Lighting Sidewalk Sliding DoorsStorage Fenced
  • Equipment/Appliances:

    MicrowaveRefrigerator Range
  • Special Listing Conditions:

    None

Description

$899,000 • eight bedroom(s) • living size area 3040 sqft • waterfront access

$100,000 price reduction!! seller motivated! turnkey 4 unit apartment building located off east bay and keene rd. priced at a 7.4 cap, 2 units are rented at $2,000/month and other 2 units are rented at $1,600/month. bringing in $7,200 month and $86,400 annually with room to increase rents all to $2,000/month and bring it up to a gross income of $96,000 annually (8.5 cap rate). extremely desirable rental location, next to the new largo townhall. this area is growing exponentially with major investments coming within minutes of this location. easy access to shopping malls, banks, grocery stores, schools, fitness centers etc... bonus- property is on a lake with 62 feet of water frontage. all units are 2 bedroom / 1 bath with laundry/storage rooms, all units have tile flooring throughout. this is a cash-flowing property with substantial upside with minimal needed. don’t miss your chance to bring this building to its full potential and build serious value in a hot rental market.

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