334 4th St
- 8-UNIT APARTMENT COMPLEX LOCATED IN THE HEART OF DOWNTOWN LARGO, FL!
- CONCRETE BLOCK CONSTRUCTION, WITH HIGH-END UNIT UPGRADES IN 2023!
- 8 (2-BEDROOM) UNITS, JUST MINUTES FROM WORLD-FAMOUS CLEARWATER BEACH!
- EXTREMELY LOW RENTAL RATES IN PLACE, GIVING THE BUYER MASSIVE UPSIDE!
- 2023 CAP RATE: 7.6%
- 2024 CAP RATE: 9%
- 2024 CASH-ON-CASH RETURN: 15%
- 2025 CAP RATE: 10%
- 2025 CASH-ON-CASH RETURN: 18%
- BOTH ROOFS WERE REPLACED IN 2020! ON-SITE LAUNDRY FACILITY, PRODUCING ADDITIONAL INCOME FOR THE OWNERS!
- EASY TO MANAGE FOR SOMEONE LOCAL OR AN OUT-OF-STATE INVESTOR!
- THIS IS AN AMAZING VALUE-ADD OPPORTUNITY TO PURCHASE PRIME REAL ESTATE IN DOWNTOWN LARGO!
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Multifamily type: | Apartments | Garden Style |
| Price: | $1,950,000 |
| No. of Units: | 8 |
| Year Built: | 1972 |
| Building Size: | 7,268 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $243,750 |
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