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Gelfand Realty Miami Properties - Multi Family

3715 66TH N, PINELLAS PARK, FL 33781

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Multi Family - SUNSET VIEW

3715 66TH N, PINELLAS PARK, FL 33781

Sold Price$1,999,000 Asking Price$1,950,000

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  • Days on market:

    46 day(s)
  • Original Price:

    $1,950,000
  • Price per sqft:

    $124.36
  • Tax Legal Description:

    SUNSET VIEW BLK 2, LOT 15 & 1/2 VAC ALLEY ON N
  • Tax Year:

    2019
  • Property Type:

    Multi Family
  • Lease Term Remaining:

    12 Months
  • Construction Type:

    BlockConcrete
  • Cooling Description:

    Central Air
  • Special Listing Conditions:

    None

Description

$1,950,000 • living size area 15680 sqft

20 units 2 bed./1 bath, ten duplexes adjacent to each one, fully occupied, solid block concrete, located on the whole street from 37th st to 38th st on 66th ave n, 0n the north side of the ave, walking distance to one of the most beautiful mall, parkside mall, 5 minutes to hwy 275 which takes within 15 minutes to tampa international airport, 15 minutes to the most beautiful beach, 12 minutes to downtown st pete. the owner bought it 20 years ago with a rent $750/ month, never rise up the rent, at the time average rent for 2 bed 1 bath $1000 to $1300, the current rent much below market value, for the new owner to adjusted at least $1000/month, then you have a cap rate above 8% with the full price, very low maintenance building with very low expenses, tenants pay, water, electricity, dumpster, owner pays tax, insurance, management, & maintenance, easy to finance with 30% to 35% down payment.just apprased the full price, owner in his way to change the roof for three duplexes, we are selling $97,500 / unit at the time market value in our area $120k/unit to $135k/unit, please do not disturb tenants, call agent, showing after executed contract, all the units a like 2/1
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