$1,100,000
Description
INSTANT CASH FLOW! Just a couple blocks from new Amazon facility being built, so there will always be rental opportunities. This 10-unit property currently includes 8 buildings (1 triplex, plus 7 cottages). All units are one-bedroom/one-bath. Huge lot includes 128’x79’ (approx.) of vacant land at the end of the property. Buildings are various ages built between 1925 to 1962. Sold As-Is and seller will not be making any repairs – please request the disclosures prior to scheduling a showing. Price reflects current condition and is based on current net income of $72K. Four concrete block cottages with garages that have washer/dryer hookups, the rest are wood frame with no garages or laundry hook-ups. The triplex has a garage that is currently being used as the owner’s workshop/storage. All units are currently rented – some on leases, others are month-to-month (with some being rented under market value). Do NOT disturb tenants. Showings by appointment only. This large 49,524 sq ft lot (1.14 acres) is not in a flood zone and is close to shopping and the interstate. See the virtual tour for drone video of the property.Property Highlights
- Acres: 1.14
- County: Pinellas
- Year Built: 1959
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Baseboard, None
- Property Type: Commercial, Multi Family
- MLS #: U8144902
Property Features
| Appliances | Electric Water Heater, Range, Refrigerator |
| Construction Materials | Block |
| Cooling | Wall/Window Unit(s) |
| Exterior Features | Other |
| Heating | Baseboard, None |
| Interior Square Footage | 4,948 |
| Lot Size Acres | 1.14 |
| Lot Size Dimension | 79x630 |
| Lot Size Square Feet | 49,523 |
| Roof | Other, Shingle |
| Sewer | Public Sewer |
| Stories | One |
| Water Source | Public |
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