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Multi Family -

LK PALMS, LARGO, FL 33771

Sold Price$612,256 Asking Price$725,000

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  • Days on market:

    3 day(s)
  • Original Price:

    $425,000
  • Price per sqft:

    $392.74
  • Tax Legal Description:

    WHITEGATES SUB LOT 28
  • Tax Year:

    2016
  • Property Type:

    Multi Family
  • Parking:

    Common1 to 5 Spaces
  • Lease Term Remaining:

    24 Months
  • Construction Type:

    BrickBlock
  • Roof:

    Shingle
  • Cooling Description:

    Central Air
  • Heating Description:

    ElectricCentralCentral Individual
  • Floor Description:

    Carpet Tile
  • Special Listing Conditions:

    None
  • Lot Features:

    Cul-De-Sac

Description

$725,000 • living size area 1846 sqft

Package of 4 duplexes of same design includes 914 lake palms (u7812128), 926 lake palms (u7812129), 1001 lake palms (u7812144) and 1005 lake palms dr (u7812153). total package price $725,000. well-maintained and clean block-construction duplexes on quiet, cul-de-sac street in largo. large, fenced back yards and inside utility rooms with washer-dryer hook-ups. all are tenant occupied in annual leases. individually metered water and electric. new roof on 1001 lake palms in 2002 and on 1005 lake palms in 2006 according to owner. exteriors painted in 2011. all have had acs replaced and kitchens remodeled during past 12 years. any 2016 renovation costs not reflected in the annual net income. legitimate books show overall 2017 cap rate of 9.6%. all units sold as is.

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