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218 N Pinellas Ave
Tarpon Springs, FL 34689
PRICE REDUCED FOR QUICK SALE · Multifamily Property For Sale · 11 Units

Investment Highlights

  • 218 N Pinellas Ave Apartments is a fully renovated 12-unit multifamily building located, historic Tarpon Springs.
  • Pinellas Trail Corridor District offers a potential redevelopment opportunity surrounded by major employment centers, shops, and restaurants.
  • Upgrades include new flooring, fresh paint, contemporary kitchens with quartz countertops, and a reinforced structure.
  • No hurricane or flood damage, making this property an attractive option for buyers seeking a low-risk investment

Property Facts

No. Units 11
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.16 AC
Building Size 6,350 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1925/2024
Parking Ratio 1.1/1,000 SF
Zoning C-1 (Commercial) - Land Use: Mixed-Use, Commercial use, Retail, Office, Residential.

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Basement
  • Den
  • Linen Closet
  • Office
  • Smoke Free
  • Vinyl Flooring

Site Amenities

  • Courtyard
  • Gas Range
  • Storage Space

About 218 N PINELLAS AVE , TARPON SPRINGS, FL 34689

Exceptional Investment Opportunity! Fully renovated two-story property for sale in the heart of the tourist area. Perfect for investors seeking long-term rentals or Airbnb income. Property Description: - 2 stories - Surface: [6,350 sqf] - Bedrooms: [15] - Bathrooms: [11] - Reinforced structure - Completely new appearance - Modern kitchens and bathrooms - Abundant natural light - Gas kitchens for energy efficiency - Window air conditioning units Advantages: - Prime tourist location - Ideal for long-term rentals or Airbnb - Excellent quality-price ratio - High potential return on investment Additional Details: - Parking: surface parking, new asphalt. In Tarpon Springs, you'll feel like you've been whisked away to a coastal Greek village where the sound of bouzouki music spills out into the sidewalk along with the scent of enticing food. Just 30 minutes north of Clearwater in the beautiful Tampa Bay area, this city best-known for its Greek heritage. Founded in 1876 and named after the abundant tarpon fish in its waters, Tarpon Springs is a city rich in history. Originally a hub for fishing and trade, it has evolved into a popular tourist destination known for its historic downtown, beautiful white-sand beaches, and cultural diversity. Famous for its Greek heritage, Downtown Tarpon Springs still boasts early 20th-century architecture and is enriched by various festivals, such as the annual Greek Festival, the Fishing Festival, and the Siren Festival. Residents enjoy swift access to local shops, restaurants, entertainment venues, and the iconic Tarpon Springs sponge docks. Tarpon Springs, Florida is a good place to buy real estate because of its cultural heritage, waterfront access, and affordable housing. Cultural heritage: Tarpon Springs has a strong Greek influence, with many Greek restaurants and historic sponge docks The city's cultural identity and history are important to its appeal Waterfront access: Tarpon Springs is located on the Gulf of Mexico and has waterfront access The city has a working waterfront and opportunities for marine expansion Affordable housing: Tarpon Springs offers a variety of housing options, including affordable housing, luxury homes, and family-friendly living The cost of living is relatively affordable for seniors on a fixed income Other benefits: Tarpon Springs has a small-town feel and is welcoming to newcomers The city has a strong sense of community Tarpon Springs has excellent schools and a low crime rate The city has many outdoor activities, including kayaking and fishing -Tarpon Springs has beaches and parks -The city has a favorable tax structure and quality infrastructure Contact us to schedule a visit and obtain more information!!!

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 2 $900.00 500
1+1 6 $1,300 750
3+1 3 $1,600 1,000

Property Taxes

Property Taxes

Parcel Number
12-27-15-60228-000-0050
Land Assessment
$225,005
Improvements Assessment
$774,995
Total Assessment
$1,000,000
  • Listing ID: 33535717

  • Date on Market: 10/16/2024

  • Last Updated:

  • Address: 218 N Pinellas Ave, Tarpon Springs, FL 34689

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