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714 1st Ave SW 3 Unit Apartment Building $390,000 ($130,000/Unit) 11.22% Cap Rate Largo, FL 33770
Investment Highlights
- Three adaptable units – ideal for residential or commercial use.
- Prime downtown Largo location – near City Hall, Central Park, bus station, and major businesses.
- Storefront unit – perfect for retail, office, or service business.
- Fully renovated in 2025 – new roof, insulation, ceilings, doors, windows, electrical & plumbing.
- Close to beaches – only 3.5 miles from Belleair & Clearwater Beach.
- Available for 1031 Exchange.
Executive Summary
COOPERATION INTENSIVE Seller offers a 3 % intensive to bring t a qualified offer from a legitimate end-buyer which to be paid out of closing proceeds at a successful title transfer.
Live/Work – or 100% commercial property. Rare 3-unit commercial mixed-use building offering incredible layout flexibility for an owner-user. Ideal for a business owner looking to live and work on-site or use 1 unit for the business and rent out the other 2 units, or occupy 2 units and rent out 1 for additional income .Also great opportunity for investor looking to customize a live-work asset as a long-term rental of 3 units or a 1031 Exchange replacement property.
This multi-use 3 units property is located right in the heart of downtown Largo, just minutes from top-rated beaches, major businesses, City Hall, and Central Park. There is a large open space commercial unit 780 sq fr, a studio apartment 300 sq ft and 2 bdr one bath 780 sq ft apartment on the back of the building.
The building went through a comprehensive, top-to-bottom renovation in 2025.
Full structural roof replacement, brand-new ceilings, and completely updated insulation.
Full replacement of all exterior doors and windows throughout the structure. Systems Upgrades: Comprehensive electrical wiring upgrades and brand-new light fixtures installed. All bathroom exhaust vents replaced. Plumbing Updates: All external plumbing pipes fully replaced outside the building.
Fresh interior painting, targeted exterior painting, and brand-new property fences installed.
Projected performance varies based on use of the property.
NO LISTING SOLICITATIONS. The owner is a former realtor managing this transaction directly as an unrepresented For Sale by Owner (FSBO). As IS.
Flexible Purchase Options Available: Direct Cash Sale: Optimized for a clean asset transfer at $390,000.
Traditional mortgage sale price $405k with buyer paying buyer's agent commission fee.
An in-person viewing of the property is required with 48 hours' notice prior to contract submission.
Live/Work – or 100% commercial property. Rare 3-unit commercial mixed-use building offering incredible layout flexibility for an owner-user. Ideal for a business owner looking to live and work on-site or use 1 unit for the business and rent out the other 2 units, or occupy 2 units and rent out 1 for additional income .Also great opportunity for investor looking to customize a live-work asset as a long-term rental of 3 units or a 1031 Exchange replacement property.
This multi-use 3 units property is located right in the heart of downtown Largo, just minutes from top-rated beaches, major businesses, City Hall, and Central Park. There is a large open space commercial unit 780 sq fr, a studio apartment 300 sq ft and 2 bdr one bath 780 sq ft apartment on the back of the building.
The building went through a comprehensive, top-to-bottom renovation in 2025.
Full structural roof replacement, brand-new ceilings, and completely updated insulation.
Full replacement of all exterior doors and windows throughout the structure. Systems Upgrades: Comprehensive electrical wiring upgrades and brand-new light fixtures installed. All bathroom exhaust vents replaced. Plumbing Updates: All external plumbing pipes fully replaced outside the building.
Fresh interior painting, targeted exterior painting, and brand-new property fences installed.
Projected performance varies based on use of the property.
NO LISTING SOLICITATIONS. The owner is a former realtor managing this transaction directly as an unrepresented For Sale by Owner (FSBO). As IS.
Flexible Purchase Options Available: Direct Cash Sale: Optimized for a clean asset transfer at $390,000.
Traditional mortgage sale price $405k with buyer paying buyer's agent commission fee.
An in-person viewing of the property is required with 48 hours' notice prior to contract submission.
Property Facts
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Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 34-29-15-37224-002-0090 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $185,054 |
Property Taxes
Parcel Number
34-29-15-37224-002-0090
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$185,054
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714 1st Ave SW