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614 Beverly Ave 7 Unit Apartment Building $1,100,000 ($157,143/Unit) 8.40% Cap Rate Largo, FL 33770
Executive Summary
Beverly Lofts | 7-Unit apartment community in highly desirable Largo, FL. Property features recent updates with strong rent record. Roof, windows, and siding all replaced. Professional management available. Favorable unit mix includes (one 4/1; one 2/1; one 1/1; and, four studios). Current rents range from $1350-$2574/month at the property.
Cost Analysis Performed as Rental Property
In:
Rent - $139,692.00
Out:
(Annual) Property Taxes - $6,718.00
(Annual) Estimated Insurance - $5,722.00
(Annual) Property Management (Optional) - $11,175.36
(Annual) Estimated Utilities/Lawn/Repair/Misc. -$23,614.00
Total Costs - $47,229.36
Net: $92,462.64
Earn:
Total yearly net equates to - $92,462.64
Total monthly gross equates to - $11,641.00
TOTAL MONTHLY NET EQUATES TO - $7,705.22
Cost Analysis Performed as Rental Property
In:
Rent - $139,692.00
Out:
(Annual) Property Taxes - $6,718.00
(Annual) Estimated Insurance - $5,722.00
(Annual) Property Management (Optional) - $11,175.36
(Annual) Estimated Utilities/Lawn/Repair/Misc. -$23,614.00
Total Costs - $47,229.36
Net: $92,462.64
Earn:
Total yearly net equates to - $92,462.64
Total monthly gross equates to - $11,641.00
TOTAL MONTHLY NET EQUATES TO - $7,705.22
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$92,455
|
$31.79
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $92,455 |
| Annual Per SF | $31.79 |
Property Facts
| Price | $1,100,000 | Building Class | C |
| Price Per Unit | $157,143 | Lot Size | 0.41 AC |
| Sale Type | Investment | Building Size | 3,514 SF |
| Cap Rate | 8.40% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1951/2017 |
| Property Subtype | Apartment | Parking Ratio | 3.41/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Price | $1,100,000 |
| Price Per Unit | $157,143 |
| Sale Type | Investment |
| Cap Rate | 8.40% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 3,514 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1951/2017 |
| Parking Ratio | 3.41/1,000 SF |
| Opportunity Zone |
Yes |
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Moderately walkable
60/100
Moderately drivable
60/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 27-29-15-38970-007-0100 | Improvements Assessment | $300,028 (2025) |
| Land Assessment | $249,972 (2025) | Total Assessment | $550,000 (2025) |
Property Taxes
Parcel Number
27-29-15-38970-007-0100
Land Assessment
$249,972 (2025)
Improvements Assessment
$300,028 (2025)
Total Assessment
$550,000 (2025)
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614 Beverly Ave