185 Fulton STREET NE, Largo, FL, 33771 | $999,000

Turnkey 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. Easy access to shopping malls, banks, grocery stores, schools, fitness centers etc. . . BONUS- property is on a lake with 62 feet of water frontage. 2/4 units are rented at $1, 500 per month and the other 2/4 at $1, 600/month. 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, updated lighting. This is a cash-flowing property with substantial upside with minimal remodeling needed. 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 199 Fulton St (MLS #TB8312471) 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.

Features

  • Bedrooms: 8
  • Units: 4
  • Lot Size: 62 x 150
  • Laundry: Inside
  • Year Built: 1971
  • Garage: Assigned, Oversized, Parking Pad
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 3,040
  • Acreage: 0.21
  • Lot Size: 62 x 150
  • Est. Taxes: $5,872
  • View: Water
  • Elem. School: Belcher Elementary-PN
  • Middle School: Largo Middle-PN
  • High School: Largo High-PN
  • Appliances: Microwave, Range, Refrigerator
  • MLS#: TB8312488
  • Days on Market: 8 days
  • Website: https://www.raveis.com
    /prop/TB8312488/185fultonstreetne_largo_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 1/8/2025 10:18:56 AM)
Listing courtesy of CENTURY 21 RE CHAMPIONS   Phone: 727-398-2774

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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185 Fulton STREET NE, Largo, FL, 33771

$999,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $799,200 $799,200 $799,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.559% 6.723% 6.847%
Monthly Tax Payment $489 $489 $489
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $5,184 $5,117 $7,017
Total Monthly Payment $5,765 $5,698 $7,598

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.