Active

$2,990,000

Features:
  • 20 Bedrooms
  • 15 Bathrooms
  • 12036 sq ft
Overview
  • ID: MFRT3537224
  • Bedrooms: 20
  • Bathrooms: 15
  • Size: 12036 sq ft
Property Details
Remarks
1132 Auburn St is a unique opportunity to own a stabilized 15 unit multi-family apartment complex in unincorporated pinellas county with substantial room for growth. With great proximity to the Downtown Largo Redevelopment project, 1132 Auburn St is less than 2 miles from Largo’s Urban Core. Ownership spent several hundred thousand dollars in CapEx including new roof, exterior paint, landscaping, paved parking lot with assigned spaces, central HVACs, common laundry room, shared grass area. Interior renovations include new luxury vinyl flooring, cabinets, quartz countertops, recessed lighting and updated appliances. -Favorable Unit Mix of 66% One Bedrooms and 33% Two Bedrooms - (10) One Bedroom One Bath Units - (5) Two Bedroom, One Bath units New owner has the ability to recapture an average of $332/month per unit - increasing the the total rent roll by $51,792. Enjoy a strong cashflow right from the start and let the property appreciate.
Financial Considerations
Price:
$2,990,000
HOA Fee:
N/A
Tax Amount:
$23869
Price per SqFt:
$248.42
Tax Legal Description:
PART OF NW 1/4 OF SEC 27-29-15 DESC AS FROM NW COR OF SE 1/4 OF NW 1/4 OF SEC TH S 640FT TH E 670FT FOR POB TH E 210FT TH N 210FT TH W 210FT TH S 210FT TO POB LESS R/W ON W PER O.R. 9153/1110
Exterior Features
Lot Size:
41404
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Assigned
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
20
Bathrooms:
15
Heating:
Central, Electric
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Multi-Family
Style:
N/A
Year Built:
1981
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Courtyard, Fence, Garden, Storage
Additional Features 2:
N/A
Map
  • Address
    1132 AUBURN ST
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