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27601016
27601017

115 Cleveland Ave SW, Largo, FL 33770 For Sale

BC
FL BK3021689
Carter Property Group LLC
Listed by Carter Property Group LLC
$900,000
277 days on market
Updated 40 days ago
Opportunity zone

5 Units - Largo

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,766
Net Rentable (SqFt) 2,354
Units 5
Cap Rate 7.25%
NOI $65,236
Occupancy 100%
Broker Co-Op Yes
Class C
Year Built 1960
Buildings 2
Lot Size (SqFt) 8,834
Investment Type Stabilized
Occupancy Date 10/14/2025

Solid block construction, not in flood zone.

Marketing description

Welcome to a prime investment opportunity at 115 Cleveland Ave SW, Largo, FL 33770. This five-unit property offers an exceptional location in the heart of Pinellas County, providing residents with easy access to gorgeous beaches, renowned schools, diverse dining options, and key employment hubs. It strikes the perfect balance between coastal charm and urban convenience, making it an attractive prospect for both long-term tenants and short-term visitors. Boasting a mix of well-appointed rental units, including traditional long-term leases and flexible mid-term options, this property caters to a variety of rental needs. With three units already generating stable income from long-term rentals and two units successfully leased for mid-term stays, the property presents a lucrative investment opportunity. Don't miss out on the chance to own a piece of this sought-after location and secure a profitable real estate asset in a thriving area.

Investment highlights

- **Prime Location**: Nestled in the heart of Largo, enjoy easy access to major highways, shopping, dining, and world class beaches.

- **Modern Amenities**: Equipped with updated appliances, new air conditioning, and energy-efficient installations for comfortable living.

- **Outdoor Oasis**: Generous backyard perfect for entertaining, gardening, or simply enjoying Florida's sunny climate.

- **Community Charm**: Situated in a friendly neighborhood with nearby schools, playgrounds, and local events, fostering community spirit.

- **Investment Potential**: A great opportunity for first-time buyers or investors looking to tap into the thriving Largo real estate market.

- **Move-In Ready**: Well-maintained property that requires minimal updates and renovations, allowing for a seamless transition.

- **Proximity to Beaches**: Just a short drive to beautiful Gulf Coast beaches, ideal for weekend getaways or daily leisure activities.

Listing Contacts

BC
FL BK3021689
Carter Property Group LLC
Listed by Carter Property Group LLC

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$65,236.00
$5,436.33/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

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Additional Information

Name
Brad Carter, CCIM
License
BK3021689
Brokerage
Carter Property Group, llc
Brokerage Phone
727.481.6842
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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