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 |
Similar Properties in the Area
Fraca Residences
Miami , Florida
WYNWOOD 22ND & NW 2ND
Miami , Florida
Apartment News
View All-
Washington Heights MF Property Sold for $9M
New York & Tri-State | December 1, 2023
-
Fairfield Properties Buys Rental Complex in Mount Sinai
New York & Tri-State | December 1, 2023
-
Interra Brokers Sale of Lakeview Mixed-Use Property
Chicago & Midwest | December 1, 2023
Investing Classroom
View All
Brokers
View All-
Carson Mitchell
Clements and Bush Trading | Texas
-
"T." Furlow
-
G B
-
Eddie Jones
Marketing Alliances Group
Lenders
View All-
Felix Gutnikov
California
-
Gary Bechtel
North Carolina
-
Brad Ross
California
-
Ken Gaitan
Idaho
