199 Fulton STREET NE, Largo, FL, 33771
8 beds
1971
3,040 sqft
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.
Status:
Active
Type:
Multi-family
Laundry Remarks:
Inside
Units:
4
Subdivision:
LARGO LAKE APTS
Garage:
Assigned, Oversized, Parking Pad
Heating:
Central
Cooling:
Central Air
Acreage:
0.21
Est. Taxes:
$5,872
Construction
Block, Stucco
Utilities
Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
Lot Description:
Sidewalk
View Description:
Water
Elementary School:
Belcher Elementary-PN
Middle School:
Largo Middle-PN
High School:
Largo High-PN
Days on Market:
1
Pet Policy:
Yes
Appliances:
Microwave, Range, Refrigerator
Min Lease Term:
1-7 Days
MLS #:
TB8312471
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of CENTURY 21 RE CHAMPIONS Phone: 727-398-2774