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318 3rd Ave SW 6 Unit Apartment Building $875,000 ($145,833/Unit) 8.03% Cap Rate Largo, FL 33770
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,000
|
$44.57
|
| Other Income |
$4,236
|
$1.91
|
| Vacancy Loss |
$4,950
|
$2.23
|
| Effective Gross Income |
$98,286
|
$44.25
|
| Taxes |
$9,145
|
$4.12
|
| Operating Expenses |
$18,844
|
$8.48
|
| Total Expenses |
$27,989
|
$12.60
|
| Net Operating Income |
$70,297
|
$31.65
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $99,000 |
| Annual Per SF | $44.57 |
| Other Income | |
|---|---|
| Annual | $4,236 |
| Annual Per SF | $1.91 |
| Vacancy Loss | |
|---|---|
| Annual | $4,950 |
| Annual Per SF | $2.23 |
| Effective Gross Income | |
|---|---|
| Annual | $98,286 |
| Annual Per SF | $44.25 |
| Taxes | |
|---|---|
| Annual | $9,145 |
| Annual Per SF | $4.12 |
| Operating Expenses | |
|---|---|
| Annual | $18,844 |
| Annual Per SF | $8.48 |
| Total Expenses | |
|---|---|
| Annual | $27,989 |
| Annual Per SF | $12.60 |
| Net Operating Income | |
|---|---|
| Annual | $70,297 |
| Annual Per SF | $31.65 |
Property Facts Under Contract
| Price | $875,000 | Building Class | C |
| Price Per Unit | $145,833 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 2,221 SF |
| Cap Rate | 8.03% | No. Stories | 1 |
| Gross Rent Multiplier | 8.83 | Year Built | 1927 |
| No. Units | 6 | Parking Ratio | 4/1,000 SF |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $875,000 |
| Price Per Unit | $145,833 |
| Sale Type | Investment |
| Cap Rate | 8.03% |
| Gross Rent Multiplier | 8.83 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 2,221 SF |
| No. Stories | 1 |
| Year Built | 1927 |
| Parking Ratio | 4/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $950.00 | 276 |
| 1+1 | 1 | $1,200 | 345 |
| 2+2 | 3 | $1,525 | 576 - 650 |
| 3+2 | 1 | $1,650 | 1,024 |
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 34-29-15-97398-008-0120 | Total Assessment | $340,000 (2025) |
| Land Assessment | $138,971 (2025) | Annual Taxes | $9,145 ($4.12/SF) |
| Improvements Assessment | $201,029 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
34-29-15-97398-008-0120
Land Assessment
$138,971 (2025)
Improvements Assessment
$201,029 (2025)
Total Assessment
$340,000 (2025)
Annual Taxes
$9,145 ($4.12/SF)
Tax Year
2026
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318 3rd Ave SW