Catylist ID: #30049618
Cashflow Producing 5 Unit Multifamily with Land - Commercially Zoned
Multi-Family for Sale
|Catylist Listing ID:||30049618|
|Property Subtypes:||Duplex/Fourplex, Mixed Use, Other|
|Number of Units:||5 Units|
|Building Size (RSF):||3,452 SF|
|Gross Land Area:||29,104 SF|
|Unit Price:||$90,000 Per Unit|
|Property Use Type:||Investment|
|Building Name:||1500 Clearwater Largo Road|
|Sale Terms:||Cash to Seller, Owner Financing|
Overview / Comments
5 Unit cash-flowing multifamily in Largo, FL.
Property Consists of:
Four 1/1 cottages (576 SF each), one 1,148 SF 2/1 single family home and 10,848 SF vacant lot with development potential for additional MF units, or commercial use.
All units have been very well maintained and recent improvements include windows and roof.
Separate electric/water meters (tenants pay utilities).
Includes street to street frontage between 15th Avenue NW and 16th Avenue NW.
On another note - this property has adequate dimensions for some national fast food retailers. It is possible to develop this property into a franchise location in the future as growth in the area dictates. Mixed Use zoning will allow for this.
Attachments & Media
|Finance Data Year||2017|
|Real Estate Taxes - Annual($)||$7,490 (Annual)|
|Assessed Value - Total($)||$357,650 (Annual)|
|Net Operating Income||$26,000 (Annual)|
|Gross Operating Income||$38,400 (Annual)|
|Nearest MSA:||Tampa-St. Petersburg-Clearwater|
|Taxing Authority:||City of Largo|
|Zoning:||MIXED USE - CITY OF LARGO|
|Property Located Between:||Rosery and Ponce De Leon|
|Total Number of Buildings:||5|
|Number of Stories:||1|
|Parking Description:||5 carports.|
|Total Parking Spaces:||10|
|Heat Source:||Wall Units|
|Air Conditioning:||Package Unit, Window Unit|
|Zoning Description:||Within the City of Largo's Clearwater-Largo Rd., redevelopment district.|
|Lot Frontage:||208 ft on Clearwater-Largo Rd|
|Lot Depth:||113 ft on north and 163 on south.|
|Sewer Type:||Municipal, Storm|
|Legal Description:||HIGHLAND PARK BLK 3, LOTS 1-5.|
|Proximity:||1 mile||3 miles||5 miles|
John A. SkicewiczColdwell Banker Commercial NRT FGCAR CIE Member
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