Active

$999,000

Features:
  • 8 Bedrooms
  • 4 Bathrooms
  • 3040 sq ft
Overview
  • ID: MFRTB8312471
  • Bedrooms: 8
  • Bathrooms: 4
  • Size: 3040 sq ft
Property Details
Remarks
Turnkey fully occupied 4-unit apartment building located right off east bay and Keene rd. Extremely desirable rental location, next to the new drive thru wawa, raising canes, new shopping centers being built, new largo townhall almost completed. This area is growing exponentially with major investments coming within minutes of this location. Walking distance to shopping malls, banks, grocery stores, schools, etc... BONUS- property is on a lake with 62 feet of water frontage! 3 units are rented at $1,500/month, while the 4th unit was recently renovated and is pulling in a premium $2,500/month! That’s proof of the earning potential awaiting you with the remaining units. Owner's expenses are taxes, insurance, a monthly repair budget, and water, trash, sewer are included in the rents. All units are 2 bedroom / 1 bath with laundry/storage rooms, all have tile flooring throughout. Recent upgrades include a new drainage system for the lake in the back, exterior paint, and updated lighting. This is a cash-flowing property with substantial upside. Don’t miss your chance to bring this building to its full potential and build serious value in a hot rental market. Seller has another identical 4 unit listed with our office for sale next door 185 Fulton St (MLS #TB8312488) they prefer to sell together for a total of 8 units. One or both of the buildings can be bought, fixed, and flipped for a handsome profit, or you can add value, refinance, and hold these assets as cash flowing rentals. Call for more information on the property. All information must be verified by buyer and their agent.
Financial Considerations
Price:
$999,000
HOA Fee:
N/A
Tax Amount:
$5872
Price per SqFt:
$328.62
Tax Legal Description:
LARGO LAKE APARTMENTS LOT 11
Exterior Features
Lot Size:
9248
Lot Features:
Sidewalk
Waterfront:
Yes
Parking Spaces:
N/A
Parking:
Assigned, Oversized, Parking Pad
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
8
Bathrooms:
4
Heating:
Central
Cooling:
Central Air
Appliances:
Microwave, Range, Refrigerator
Furnished:
No
Floor:
Tile
Levels:
One
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1971
Construction Type:
Block, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Fence, Lighting, Sidewalk, Sliding Doors, Storage
Additional Features 2:
N/A
Map
  • Address
    199 FULTON ST NE
Contact a Professional
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  • Communication and Transparency
  • Skilled Negotiation
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  • After-Sale Support
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