Listed by CENTURY 21 Real Estate Champions
$750,000
Largo, FL 4-Unit building 7.6% cap - Value add
Details
APN 36-29-15-50148-000-0120
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,080
Units 4
Cap Rate 7.57%
NOI $56,800
Occupancy 100%
Pro-Forma Cap Rate 8.85%
Pro-Forma NOI $66,400
Price per SqFt $244
Broker Co-Op Yes
Class B
Year Built 1971
Year Renovated 2025
Buildings 1
Stories 1
Acreage 0.210
Parking Spaces 5 per unit
Investment Type Value Add
Ground Lease No
Ownership Fee simple
Sale Condition 1031 exchange
4-unit waterfront apartment building in Largo, FL
Marketing description
Excellent income producing 4-unit property. Each unit offers 2 bedrooms, 1 bathroom, 760 sqft, tile flooring throughout, and washer/dryer hookups. All units are rented at $1,600/month. Major updates include a new roof, A/C systems, and plumbing (2025), with interior and exterior paint completed within the last two years. Each unit features a private entrance, individual outdoor patio area, and access to a shared backyard with water views. Located in a non-flood zone (no flood insurance required), just minutes from downtown Largo, the Pinellas Trail, shopping, dining, and the Gulf beach lifestyle.
Investment highlights
Investment Highlights: Turnkey 4-Unit Apartment Building in Largo
- Prime Location:
- Situated off East Bay and Keene Rd in a high-demand rental area.
- Walking distance to shopping malls, grocery stores, banks, and schools.
- Near the soon-to-be-completed Largo Town Hall and ongoing development projects.
- Waterfront Advantage:
- Property boasts 62 feet of lakefront, adding unique appeal and value.
- Strong Rental Income:
- All 4 units rented at $1,600/month
- Potential to increase rents all to $1,800/month with small cosmetic upgrades
- Unit Details:
- All 4 units are 2-bedroom, 1-bath with tile flooring and laundry/storage rooms.
- Recent Upgrades:
- New roof, A/C systems, and plumbing (2025) New drainage system for the lake, fresh exterior paint, and updated lighting.
- Growing Market:
- Exponential growth and major investments in the immediate area enhance the long-term value proposition.
This is your opportunity to acquire a high-demand asset in a flourishing market. Call today for more information!
Listing Contacts
Listed by CENTURY 21 Real Estate Champions
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$56,800.00
$4,733.33/mo
Valuation Metrics
0
DSCR
7.57%
Cap Rate
7.57%
ROI
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