115 Cleveland Ave 5 Unit Apartment Building $900,000 ($180,000/Unit) 7.25% Cap Rate Largo, FL 33770

The property (all 1/1's) features a thoughtful mix of rental options, including traditional long-term leases and
flexible mid-term arrangements for a duration of 90 days or more. Of the five available units, three are
currently designated for long-term rentals, providing stable and reliable income. The remaining two units are
successfully rented on a mid-term basis through popular platforms such as Airbnb, VRBO, and Furnished
Finders, catering to a growing market of travelers and professionals seeking temporary accommodations. All
units boast a private & fenced outdoor space. This property sits outside the requirement for flood insurance.
The effective rental income presented in the OM package is based on actual earnings received in 2024,
illustrating the financial viability and potential profitability of this investment. The building itself is constructed
with solid block, ensuring durability and low maintenance costs, while the location continues to draw interest
from potential tenants and guests alike. This combination makes the property a highly attractive long-term
investment opportunity that is poised for continued success.
This property is ideally suited for anyone looking to enter the lucrative world of Airbnb rentals.
With the current setup already established and operational, it offers a seamless transition for new investors
seeking to make their mark in the rental market. For seasoned investors, this property represents a fantastic
addition to an existing portfolio, enhancing diversification and revenue potential.