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815 2nd Ave NW
Largo, FL 33770
THE VILLAS OF BELLEAIR! SELLER FINANCING! · Multifamily Property For Sale · 14 Units

INVESTMENT HIGHLIGHTS

  • 14-UNIT CONCRETE BLOCK APARTMENT COMPLEX MINUTES FROM WORLD-FAMOUS CLEARWATER BEACH!
  • 7%+ CAP RATE AND 11%+ CASH-ON-CASH RETURN IN EARLY 2022!
  • UNITS ARE APPROXIMATELY $150 UNDER THE CURRENT MARKET AVERAGE IN THE LARGO/BELLEAIR BLUFFS, FL!
  • AMAZING SELLER FINANCING AVAILABLE (APPROX TERMS): $1,000,000 DOWN, 4.0% IR, INTEREST ONLY PAYMENTS, 3-YEAR BALLOON!
  • EXTREMELY LOW RENTAL RATES IN PLACE, GIVING THE BUYER MASSIVE UPSIDE!
  • MANAGER ON-SITE, WILLING TO STAY ON FOLLOWING THE SALE!

PROPERTY FACTS

No. Units 14
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
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 1965/2021
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

PROPERTY TAXES

Parcel Number
33-29-15-85194-000-0090
Land Assessment
$349,310
Improvements Assessment
$925,690
Total Assessment
$1,275,000
  • Listing ID: 23399413

  • Date on Market: 6/14/2021

  • Last Updated:

  • Address: 815 2nd Ave NW, Largo, FL 33770

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