815 2nd Ave NW | Largo, FL 33770
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- LoopNet Team
815 2nd Ave NW
Largo, FL 33770
THE LARGO GARDEN APARTMENTS FOR SALE! · Multifamily Property For Sale
·
14 Units
INVESTMENT HIGHLIGHTS
- 14-UNIT CONCRETE BLOCK APARTMENT COMPLEX MINUTES FROM WORLD FAMOUS CLEARWATER BEACH!
- THE PROPERTY IS IN EXCELLENT CONDITION AND ALMOST EVERY UNIT HAS BEEN IMPROVED IN THE PAST 3 YEARS!
- SHORT TERM LEASES IN PLACE, ALLOWING THE BUYER TO RAISE RENTS INSTANTLY WITHOUT MUCH CAPX!
- 9%+ CAP RATE AND 17%+ CASH-ON-CASH RETURN IN EARLY 2021!
- EXTREMELY LOW RENTAL RATES IN PLACE, GIVING THE BUYER MASSIVE UPSIDE!
- UNITS ARE APPROXIMATELY $200 UNDER THE CURRENT MARKET AVERAGE RENTAL RATE IN THE AREA!
PROPERTY FACTS
| No. Units | 14 | Building Size | 8,779 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1965/2019 |
| Building Class | C | Parking Ratio | 2.73/1,000 SF |
| Lot Size | 0.63 AC | ||
| Zoning | MF/RES - MF | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.63 AC |
| Building Size | 8,779 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2019 |
| Parking Ratio | 2.73/1,000 SF |
| Zoning | MF/RES - MF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Bay Window
- Ceiling Fans
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Tub/Shower
- Views
- Carpet
- Wi-Fi
- Yard
- Grill
- Built-In Bookshelves
- Deck
- Dining Room
- Family Room
- Freezer
- Garden
- Instant Hot Water
- Island Kitchen
- Lawn
- Linen Closet
- Pantry
- Patio
- Porch
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Security System
- Grill
- Gas Range
- Recycling
- Trash Pickup - Curbside
- Vintage Building
- Wi-Fi
- Storage Space
- Bicycle Storage
- Maintenance on site
PROPERTY TAXES
| Parcel Number | 33-29-15-85194-000-0090 | Improvements Assessment | $925,690 |
| Land Assessment | $349,310 | Total Assessment | $1,275,000 |
PROPERTY TAXES
Parcel Number
33-29-15-85194-000-0090
Land Assessment
$349,310
Improvements Assessment
$925,690
Total Assessment
$1,275,000
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