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  4. 185 Fulton Street Ne, LARGO, FL 33771
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185 Fulton Street Ne
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PRICED AT ONLY: $899,000

Address: 185 Fulton Street Ne, LARGO, FL 33771

Description

$100,000 price reduction!! Seller motivated! Turnkey 4 unit apartment building located off East bay and Keene rd. Priced at a 7.4 cap, 2 units are rented at $2,000/month and other 2 units are rented at $1,600/month. Bringing in $7,200 month and $86,400 annually with room to increase rents all to $2,000/month and bring it up to a gross income of $96,000 annually (8.5 cap rate). Extremely desirable rental location, next to the new largo townhall. This area is growing exponentially with major investments coming within minutes of this location. Easy access to shopping malls, banks, grocery stores, schools, fitness centers etc... BONUS property is on a lake with 62 feet of water frontage. All units are 2 bedroom / 1 bath with laundry/storage rooms, all units have tile flooring throughout. This is a cash flowing property with substantial upside with minimal needed. Dont miss your chance to bring this building to its full potential and build serious value in a hot rental market.

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  • MLS#: TB8312488 ( Residential Income )
  • Street Address: 185 Fulton Street Ne
  • Viewed: 378
  • Price: $899,000
  • Price sqft: $292
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: Pond
  • Year Built: 1971
  • Bldg sqft: 3080
  • Bedrooms: 8
  • Total Baths: 4
  • Days On Market: 130

Description

$100,000 price reduction!! Seller motivated! Turnkey 4 unit apartment building located off East bay and Keene rd. Priced at a 7.4 cap, 2 units are rented at $2,000/month and other 2 units are rented at $1,600/month. Bringing in $7,200 month and $86,400 annually with room to increase rents all to $2,000/month and bring it up to a gross income of $96,000 annually (8.5 cap rate). Extremely desirable rental location, next to the new largo townhall. This area is growing exponentially with major investments coming within minutes of this location. Easy access to shopping malls, banks, grocery stores, schools, fitness centers etc... BONUS property is on a lake with 62 feet of water frontage. All units are 2 bedroom / 1 bath with laundry/storage rooms, all units have tile flooring throughout. This is a cash flowing property with substantial upside with minimal needed. Dont miss your chance to bring this building to its full potential and build serious value in a hot rental market.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Fence, Lighting, Sidewalk, Sliding Doors, Storage
  • Flooring: Tile
  • Living Area: 3040.00
  • Other Structures: Storage
  • Roof: Shingle
School Information
  • High School: Largo High-PN
  • Middle School: Largo Middle-PN
  • School Elementary: Belcher Elementary-PN
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Assigned, Oversized, Parking Pad
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2023
Rental Information
  • Tenant Pays: Electricity
Other Features
  • Appliances: Microwave, Range, Refrigerator
  • Country: US
  • Interior Features: Ceiling Fans(s), Kitchen/Family Room Combo, Walk-In Closet(s)
  • Legal Description: LARGO LAKE APARTMENTS LOT 12
  • Levels: One
  • Area Major: 33771 - Largo
  • Occupant Type: Tenant
  • Parcel Number: 36-29-15-50148-000-0120
  • Possession: Close of Escrow
  • View: Water
  • Views: 378
Nearby Subdivisions
Colonial Manor   Coral Heights Sub   Largo Lake Apts   Sun Coast Estates   Whitegates Sub  

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