BEDS5
BATHS
SQUARE FEET1,718
MLS#TB8499836
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONLAKE PALMS
Property Description
Duplex in excellent condition. Tenants have been there for over 10 years. Tenant in #B says she has been there 28 years. Tenants are on a yearly lease with an early termination clause that requires 30 days written notice and a $300 relocation payment, plus additional details. Terrific tenants who would like to stay. Separate water meters, separate electric meters, separate water heaters, separate HVAC, separate washer & dryer hookups. Huge Lot approximately 70X203 - Tenants mow the lawn. Plenty of parking. Freshly painted one story block building with tile floors. 4 Point inspections were done April 24/2024 and are attached in the MLS. Please keep in mind that these are long term tenants and are on discounted rents The rents could easily be raised by $200/Month per unit to market rates or $400 total, for an additional $4800 per year.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central, Electric
Lot Size: 0.32 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $5,696
Year Built: 1973
Amenities
Eat-in Kitchen
Private Entrance
Private Mailbox
Feature Descriptions
Additional Rooms: Inside Utility
Annual Net Income: 29334.00
Appliances: Range, Range Hood, Refrigerator
Community Features: Street Lights
Directions: Belcher Rd/ West on East Bay Dr/ Left on Fulton/ Right on Lake Ave SE/ House on the right.
Exterior: Block
Flood Zone Code: X
Flooring: Ceramic Tile, Laminate
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA, VA Loan
Lot Dimensions: 0.32
Other Equipment: Private Entrance
Ownership: Fee Simple
Patio/Porch: Porch
Pets Allowed: Cats OK, Dogs OK
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only, Call Listing Agent, Listing Agent Must Accompany, ShowingTime
Special Sale Provisions: None
Utilities: Electricity Connected, Public, Sewer Connected, Water - Multiple Meters, Water Connected
Water: Public
Water Access Y/N: No
Listed By / Shown By
Listed By
Agency Name: CHARLES RUTENBERG REALTY INC
Agency Contact: 866-580-6402
Shown By
Agent Name: Mel Shotton
Agent Phone: (386) 956-4483
Agency Title: Glory International Real Estate Co
Estimate Your Payment
Estimated Payment
$ 1,569.66 per month $968.12 Principal & Interest $474.67 Property Tax $126.88 Homeowner's Insurance
118 Lake Avenue Se | MLS# TB8499836
This multi-family property located at 118 Lake Avenue Se, Largo, FL 33771 is currently listed for sale with an asking price of $435,000. Search Largo real estate on melshotton.gloryire.com today.